The Emini Mastro taking a $1,500 side account to $1M in 14 months

[Now is Now]

Quote from Lawrence Chan:

For old days (1990s), 5K is next to impossible to do that.

Then with the help of $500 margin, and if the OP has a decent trading method. It is not that unlikely.

I think before I reply. I do not just type to waste my time.

My thought process,

1. With $500 margin he has $4500 to blow.

2. A 90+% winner model, and a 2 to 3 pts stop, with potential target at or above 5 pts.

3. Frequency of trades will determine the time it takes to do it

4. Expectancy of each trade is (0.90 x 5 - 0.1 x 3) x 50 = $210

5. # of 1 lot trades it takes to get to $1 mil = 995000 / 210 = 4740

6. Should # of contracts to trade increases by 1 every 10K increase in equity, it is likely the goal is possible within a year.

KEY QUESTION in my mind at the time - Does he has #2?

As silly as it sounds...it may be of benefit for the trader to miss 3 trades after each 5 point winner and then commence trading...just a crazy thought...

BTW what broker will let you go down to the bare bones...I understand that most brokers turn off the lights after less than $2000 balance...:eek:

 

[TraderZones]

Quote from PPT:

if i was a sponsor and some fool talked smack and made me look like a fool, i would contact ET and ban that idiot

yes - I suppose you would request someone to be banned than to actually make an intelligent response.

Seriously, stop drinking before you post.

 

[Rohok]

Quote from Lawrence Chan:


2. A 90+% winner model, and a 2 to 3 pts stop, with potential target at or above 5 pts.

I guess this settled the matter.

 

[Lawrence Chan]

Quote from Now is Now:

As silly as it sounds...it may be of benefit for the trader to miss 3 trades after each 5 point winner and then commence trading...just a crazy thought...

BTW what broker will let you go down to the bare bones...I understand that most brokers turn off the lights after less than $2000 balance...:eek:

LOL that may work too depending on what kind of setup we are talking about.

2K balance - some has the threshold, like velocity, some do not.

At 2K balance, there is still 3K to blow, that is 20 times the 3 pt stop. Making it almost double as difficult as having 4.5K as the buffer.

 

[Lawrence Chan]

Quote from Rohok:

I guess this settled the matter.

JSS illustrated another way to do it.

With low winning %, you can go for very high reward for the winners. so at less than 50% winning, if the model can produce 15+ pts on some of the winners consistently and losing only max 5 pts on the losers, that will work well too.

In fact, I prefer this method over high % winning because the dependency on an edge in entry is reduced.

But that requires a bigger bank roll to start with.

e.g. 5 pts x 30 = 7500 to start

 

[ET-trollbuster]

Quote from TraderZones:

yes - I suppose you would request someone to be banned than to actually make an intelligent response.

Seriously, stop drinking before you post.

rcanfiel versus bestguruever. ufc match troll vs troll. epic comedy!

 

[Rohok]

Quote from Lawrence Chan:

JSS illustrated another way to do it.

With low winning %, you can go for very high reward for the winners. so at less than 50% winning, if the model can produce 15+ pts on some of the winners consistently and losing only max 5 pts on the losers, that will work well too.

In fact, I prefer this method over high % winning because the dependency on an edge in entry is reduced.

But that requires a bigger bank roll to start with.

e.g. 5 pts x 30 = 7500 to start

Isn't this the double edge sword we all live under? The difficulty of "letting your profits run"?

Even if you could go 15 up to 5 down, how would you be able to manage stops to catch a 15 point run without being stopped?

Maybe you could have some type of stepped profit taking executions followed by instant new orders to ensure you are catching the move without risking downside or loss of time.

Still pretty hard.

 

[JSSPMK]

Quote from Rohok:

Isn't this the double edge sword we all live under? The difficulty of "letting your profits run"?

Even if you could go 15 up to 5 down, how would you be able to manage stops to catch a 15 point run without being stopped?

Maybe you could have some type of stepped profit taking executions followed by instant new orders to ensure you are catching the move without risking downside or loss of time.

Still pretty hard.

That is the hardest part in trading & is based on faith. Problem comes from fear of a loss. That's why sim trading is easy, whereas pro trading is not. So it is faith vs fear of a loss. So you have to analyse why is sim easier than pro. No real fear of a loss vs real fear of a loss. The conclusion is to reduce real size to an amount that fear of a loss does not interfere with faith in a backtested method. Yes that might make trading awfully sluggish as far as equity curve is concerned, but you will come out as a winner. Alternatively, you have to find a high win rate system which matches Blackjack's payouts

 

[bpcnabe]

Blowup?

 

[Emini Maestro]

Sorry gentlemen, and the rest of you, I mistook Elite Trader to be a place where successful traders assembled online. It is not, and I will waste no more time here. If I wanted negativity as the norm in the people I associate with, I would visit my local homeless shelter. This place is death.