YM Magic!

[volpri]

A trader cannot take big risks all the time and not expect to go broke. Risks should be decided upon by present market conditions. Since it is always changing, risk should always be changing. Just going for the big move regardless of market conditions is gambling and will soon or later bite hard.

 

[Mtrader]

A trader cannot take big risks all the time and not expect to go broke.

Wrong, all depends of the amount of money put at risk. You can take huge risks if you only risk 0.1% of your net worth. So big risk should be related to the amount invested and the net worth. Only then you can calculate the REAL risk.
So it is possible to take big risks and be sure you will never go broke.

 

[Van_der_Voort_4]

It only takes five doublings to turn 40K to 1million.

Aim for exponential growth until you hit liquidity constraints.

That will come soon enough in the smaller markets.

But even in markets like the ES, it only takes 10 doublings to go from 10 lots to 10,000 lots.

well...., in real life upon hearing talk about this kind of objectives i would avoid this person for my own peace if mind and lesser distractions.
Seriously,what else could I do!

 

[southall]

Poor OP,

He had one subscriber/follower on C2.

Now that the account went negative, after a string of losses, his only subscriber has run away.

 

[userque]

He had one subscriber/follower on C2.

That was likely him. You can follow your own system and charge yourself $0.

 

[southall]

Now that he is negative he just tripled his size on his last trade, 9 contracts.

 

[volpri]

Wrong, all depends of the amount of money put at risk. You can take huge risks if you only risk 0.1% of your net worth. So big risk should be related to the amount invested and the net worth. Only then you can calculate the REAL risk.
So it is possible to take big risks and be sure you will never go broke.

Of course big risk is relative. That is a given. I am referring to the same thing as you. Big risk compared to account size. A big risk for you may be a tiny tiny risk for soros
Niedorhoffer took risks too big for his britches. Of course, when he got lucky he hit it big. When it caught up to him he lost way more than he should have. Gamblers generally end up that way. They may ride the Fame for a while but SOONER OR LATER ....kaboom. His brother Roy seems to handle risk better. So to clarify, for me, account size and market conditions are the deciding factor in risk size.

 

[volpri]

Anybody been cleaning up today in the ES FADING the PB to the MA and the successive wedge bottom failures? I've taken 9 trades all employing tiny SL's.

 

[Pekelo]

Well suddenly the system is at -7% with 43% max. DD.... Somebody was averaging in long yesterday.

 

[SteveH]

Would be pretty cool if globalarbtrader put his system on C2...an actual non-poser selling a proven, long-term winning system.