The Real Deal Is Here
- Thread starter Shagi
- Start date
I think I already answered most of those questions in previous posts.
I trade stock index futures, anything trade-able in futures arena I trade except for toxic single stock futures.
Stops are determined by whats required to make the trade work not just money. It does not mean recklessness. If stop required is too wide I may re-enter the position several times as it goes against me using smaller stops until I decide to give up.
I just prefer doing that than using one huge whooping wide stop. Doing it that way means the only thing I need worry about most of the time is the rightness of my judgement. If I'm right even after small losses it does not take much to get it back and more because I don't play a break-even game when I'm correct.
Profits - who knows how far market will go - I take whatever I'm offered by Mr. Market be it $50 or $5000. Sometimes I may have a certain target in mind but I don't make it rule - market is very good at telling you when to get out and I tend to listen without any derogation.
I trade stock index futures, anything trade-able in futures arena I trade except for toxic single stock futures.
Stops are determined by whats required to make the trade work not just money. It does not mean recklessness. If stop required is too wide I may re-enter the position several times as it goes against me using smaller stops until I decide to give up.
I just prefer doing that than using one huge whooping wide stop. Doing it that way means the only thing I need worry about most of the time is the rightness of my judgement. If I'm right even after small losses it does not take much to get it back and more because I don't play a break-even game when I'm correct.
Profits - who knows how far market will go - I take whatever I'm offered by Mr. Market be it $50 or $5000. Sometimes I may have a certain target in mind but I don't make it rule - market is very good at telling you when to get out and I tend to listen without any derogation.
I haven't posted for some time - when I started this thread I wanted to demonstrate publicly how to turn 10K into 100K but realized I could not do so without revealing too much information and also it affected objective thought process, so I stopped. I will update equity periodically with occasional trade updates rather than daily - as of close of play today I have tripled the account to 30K, markets have been good.
Quote from Shagi:
With 30K account I'm now trading less frequently and focusing only on swinging for colossal home runs as risk of small account ruin is negligible - starting with Copper - Im short today and looking for capitulation by end next week. Enjoy the copper horror show
Shagi, whats your thought process with copper?
Yes eventually I caught the sell off - my initial short positions were a bit premature as stocks rallied for 6/7 consecutive days. I put out the shorts at the end of each day and getting stopped out so after 3 losing losing days I waited until the 1st sell off day and went short. Stocks were acting irrationally as both US & European bonds were singing a different story, just like this rally today.