Won $700 with Micro S&P futures!

[farmerjohn1324]

No, i haven't.

Personally, i don't look at any data, when RRR 4:1.
Data becomes irrelevant.

For example, somewhere they mention, of never taking a trade , if it isn't,
at least 1:4 to their favor.

In yours case, it's 4:1 against you.

Data is irrelevant if odds doesn't make sense.

Paul Tudor, mentions here, my RRR is 1 to 80.

Learning, from the best, simple as data.



People reacting because of the word ,,Won''.
At first glimpse i thought that it's some random noob from WallStreet bet's.

Made or earned - sounds more professional.

But - won. Nah..

The odds do make sense though. Using these limits over the past 20 years...

I would have a 6% chance of losing 30% of my invested money... And a 94% chance of gaining 7%.

(-30% * .06) + (7% * .94) = +4.78%

These are better odds than any other combination I found.

 

[Nobert]

The odds do make sense though. Using these limits over the past 20 years...

I would have a 6% chance of losing 30% of my invested money... And a 94% chance of gaining 7%.

(-30% * .06) + (7% * .94) = +4.78%

These are better odds than any other combination I found.

Now, when you stated it like that, of course it does.

But in the original post of this topic, - does not.

I guess , time will show.

 

[farmerjohn1324]

Now, when you stated it like that, of course it does.

But in the original post of this topic, - does not.

I guess , time will show.

One thing that throws my numbers off is that I can only set limits at 0.25 increments. But nothing I can do about that.

 

[PoopyDeek]

One thing that throws my numbers off is that I can only set limits at 0.25 increments. But nothing I can do about that.

 

[remogul92]

I bought MESM20 this morning at 2484.50. Using the results of my statistical analysis, I placed TP at 2502, and SL at 2410.

I got real worried after that big dip from the jobless numbers. It got as low as 2428. I would have lost $2,980 if it hit SL. I thought maybe I shouldn't use this strategy in a known bear market like we're in.

But then it went back up and hit my TP.

Now only bad thing is that I'm also in SPXS, so these two trades work opposite of each other.

So I made $700 in just over 3 hours!!!

Congrats on your profit today. I can tell you’re excited. But I suggest you rethink your reward to risk in how you set up your SL. A few losses back to back will hurt you far more than a few wins will benefit you.

 

[speedo]

 

[farmerjohn1324]

Congrats on your profit today. I can tell you’re excited. But I suggest you rethink your reward to risk in how you set up your SL. A few losses back to back will hurt you far more than a few wins will benefit you.

I know. But I don't know what to do about that.

One thing that helps is that I always invest the same amount. So I don't suffer the same type of "decay" that leveraged Etfs do.

If I win, I set the money aside. If I lose, I have to bring more money into the account (or use what I had set aside).

 

[PoopyDeek]

I know. Did you read my post a couple days ago about analysing past 20 years of daily data?

According to that, it will hit my TP 94% of the time. I expect to have losses.

So far in real, I'm 2 wins and no losses. Including paper trading, it's 5-1.

You analyzed 20Y of data? Unpossible. A sample size of six trades? GOAT.

 

[farmerjohn1324]

lol no, I am impress. I doubt anyone has every analyze 20Y of data.

I could have just as easily done 30. But I was advised to only include since they started HFT, so I picked year 2000.

 

[farmerjohn1324]

was it 20 rows?

Sure why not