I think I did unsubscribe, didn't think it would still evolve to true ET LULZ. I'm back on it, lessons learned.
Took out a loan to transition to full-time trading. 24 years old.
- Thread starter wabu27
- Start date
I tend do disagree, a bit -- like everything in life...it's all relative...to your specific given situation,
If your up, or good, days are way higher than 20%...then it's ok, -- isn't that the essential basic formula for good, sustainable trading,
The aim for a trader is to have the same proportions or ratios...doesn't matter if that return or portion of your acct represents 1% or 5 or 10 or 20 or 50
It's all about your collective ability or feasibility...to lose and Make money in the market,
The numbers of randomness and chance will take care of themselves and lead to profits either way...assuming everything else is in place,
A good trader kind of thinks like a casino, or the house,
If you want to trade like it's a long term very conservative retirement acct...then that's your prerogative,
But this is a Trading website, not a mutual fund investing website....so I kind of expect a certain degree of risky business,
Insanity and genius kind of sometimes go hand in hand,
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I tend do disagree, a bit -- like everything in life...it's all relative...to your specific given situation,
If your up, or good, days are way higher than 20%...then it's ok, -- isn't that the essential basic formula for good, sustainable trading,
The aim for a trader is to have the same proportions or ratios...doesn't matter if that return or portion of your acct represents 1% or 5 or 10 or 20 or 50
It's all about your collective ability or feasibility...to lose and Make money in the market,
The numbers of randomness and chance will take care of themselves and lead to profits either way...assuming everything else is in place,
A good trader kind of thinks like a casino, or the house,
If you want to trade like it's a long term very conservative retirement acct...then that's your prerogative,
But this is a Trading website, not a mutual fund investing website....so I kind of expect a certain degree of risky business,
Insanity and genius kind of sometimes go hand in hand,
No, not really. Assume there are news events or simply extreme volatility, that 20% loss would be 50% per day. So, two bad days in a row would cause a margin call. Implying he never has two bad losing days in a row would be silly, while not impossible - highly unlikely.
I'm far from conservative but there's risky trading and then there's this thing he's doing.
Also, insanity and genius often do go together but his volatility suggests he simply doesn't understand the math. That's not "genius", rather the opposite. The crucial part of trading is to not decimate your account so you can build up your equity once again. Simple question for you, what percentage does he have to make on a trade to come back from a 50% drawdown?
The numbers of randomness and chance will take care of themselves and lead to profits either way...
So you're betting on randomness? Good luck I suppose.
Day 7
+5.76%. Wanted to use 2 positions but realizing i'm going to blow up if i dont be careful, used 1 position. Did a good job seeing the breakout to the downside and made all of my off that. Was being careful today, always a good sign, but was fighting the urge to increase my position to 2, all day. Tomorrow is the oil news release so gotta be extra careful tomorrow.
+5.76%. Wanted to use 2 positions but realizing i'm going to blow up if i dont be careful, used 1 position. Did a good job seeing the breakout to the downside and made all of my off that. Was being careful today, always a good sign, but was fighting the urge to increase my position to 2, all day. Tomorrow is the oil news release so gotta be extra careful tomorrow.
You need to be ESPECIALLY cautious on Thurs Sep 7th, when the EIA comes out with this week's hurricane Harvey impact. Considering your account value's fluctuations, you might want to sit on hands that day. Just an idea.
Overnight, thank you so much. This is the kind of information i have no idea where to get. I will mark my calendar. I really appreciate the heads up
No possible way he'll sit on his hands.
I'll let you sit on my hands for $1.50 per hour. I am whoring myself out cheep. Fire sale.
Damn, that is cheap.
It is like going to war without weapons. I hope you can learn fast and prosper. Good luck.