When does one start trading big

[OddTrader]

Quote from Spectre2007:

Have you guys experienced times in your trading when risk approaches zero?

While the expected return is also near zero?

 

[JimmyJam]

Quote from saxon22:

... Consequently,why would I want to hustle all day long with 5 contracts to try to achieve what I can with 1 point and 100 contracts?????
Assuming very tight money m. it is the way to go or am I missing something?????

Yes, experience

 

[chauncey1]

Quote from saxon22:

Precisely..way to go or am I missing something?????

Exactly because if you have $50k and you work with $5k stop if you're wrong and $5k profit if you're right (according to what you said) a few bad trades in a row could erase your account entirely. If you're OK with that no problem then.

 

[saxon22]

Quote from chauncey1:

Exactly because if you have $50k and you work with $5k stop if you're wrong and $5k profit if you're right (according to what you said) a few bad trades in a row could erase your account entirely. If you're OK with that no problem then.

9 to be precise. However, what is the probability of hitting 9 bad trades in a row?

 

[saxon22]

Quote from JimmyJam:

Yes, experience

Granted, I do not have it, but we are talking here about a seasonal trader that has been consistently making $$$$ trading first 1 then 2 then 5 then 10 then 20 then 50 lots, not me a newbie. That makes a big difference. My original question was, how come guys who have been in the trenches and made $$$$ on steady basis do not reach for that 100 contract order???? I am sure Lescor did not start hitting the market with 10,000 share size the first month he was trading, yet he is clearly hitting at least a million a year. Now to me that is progress. However, when I see a guy who joined ET 5 years ago has 5000 hits under his handle and still is doing $500/Day at best, then I ask myself a question why?

 

[saxon22]

Quote from chauncey1:

Exactly because if you have $50k and you work with $5k stop if you're wrong and $5k profit if you're right (according to what you said) a few bad trades in a row could erase your account entirely. If you're OK with that no problem then.

If Ido not know how to trade then of course, whether I open a $500 account and do 1 contract or open $50,000 and do 100, I will finish the account in no time. It is a given. However, please re visit my original question. Iam asking why people who consistently make $$$ in the market do not up the anty. It is like being able to beat Jordan in basketball, yet only play with high school kids.

 

[cvds16]

Quote from saxon22:

9 to be precise. However, what is the probability of hitting 9 bad trades in a row?

I had 13 in a row last monday! so yes shit happens ...

 

[cvds16]

Quote from saxon22:

Even a mediocre trader can spot the time when the market is trending and get that one point once a day.

you are extremely naive

 

[tyrant]

Quote from saxon22:

Granted, I do not have it, but we are talking here about a seasonal trader that has been consistently making $$$$ trading first 1 then 2 then 5 then 10 then 20 then 50 lots, not me a newbie. That makes a big difference. My original question was, how come guys who have been in the trenches and made $$$$ on steady basis do not reach for that 100 contract order???? I am sure Lescor did not start hitting the market with 10,000 share size the first month he was trading, yet he is clearly hitting at least a million a year. Now to me that is progress. However, when I see a guy who joined ET 5 years ago has 5000 hits under his handle and still is doing $500/Day at best, then I ask myself a question why?

Maybe the guy with 5000 hits is not yet consistently profitable? If number of posts means trading success, you bet I have at least a million hits by now.

And where do you get the impression that people who are consistently profitable are not trading more contracts?

And, a trader who is consistently profitable might not increase his size so much simply because he can't sleep at night?

 

[OddTrader]

Quote from saxon22:

... , then I ask myself a question why?

It'd be possible on ET that a guy stating doing $500/Day maximum is actually trading 10,000 shares size, whereas another telling you trading 10,000 shares size is actually doing $500/Day at best.