YM Traders

what porgie is talking is very simple

if you trade on a monthly charts who cares about 6 points range.


Porgie, what are you doing with all the money? You could probably buy an island every 2-3 months.
 
Quote from balda:

what porgie is talking is very simple

if you trade on a monthly charts who cares about 6 points range.


Porgie, what are you doing with all the money? You could probably buy an island every 2-3 months.
More...

Isn't he a paper trader? I thought I read he was still testing his "system". It will probably fail with real money, most of them do:)
 
Quote from joeyata1:

...

if one could do that every year they're a star that all funds would kill to have.
...
More...

that's true for sure - but why would anyone being that successful ever want to work/trade for a fund??

as far as is see it - you try to become an independent trader because you absolutely do not want to work for anyone else / being responsible for anything else than your own money, etc.
 
Quote from gerry875:

that's true for sure - but why would anyone being that successful ever want to work/trade for a fund??

as far as is see it - you try to become an independent trader because you absolutely do not want to work for anyone else / being responsible for anything else than your own money, etc.
More...

Exactly! While I'd love to become rich, I'd be willing to settle for "mere" financial independence. i.e. not having to be an employee.
 
my brother who trades my system is making money every day.........there are 2 that are equally accurate over 90 %.....my problem is I want 100% ...not good.........strongly advise others not to do it....emini trading....unless u are willing to sacrifice enormously.....intelligence is not a factor......money is not a factor..............unless u r broke like porgie.....worked for man with 28 million dollars in bank.........he could not do it with 10 traders and 2 programmers ......5 years later he said forget it......he is a gambler and not very open minded ..........very smart man.....get it ....money and brains...won't help u.......if u can't capture positive points with 1 contract, why do u think more contracts is the answer.........???
 
Quote from porgie:

my brother who trades my system is making money every day.........there are 2 that are equally accurate over 90 %.....my problem is I want 100% ...not good.........strongly advise others not to do it....emini trading....unless u are willing to sacrifice enormously.....intelligence is not a factor......money is not a factor..............unless u r broke like porgie.....worked for man with 28 million dollars in bank.........he could not do it with 10 traders and 2 programmers ......5 years later he said forget it......he is a gambler and not very open minded ..........very smart man.....get it ....money and brains...won't help u.......if u can't capture positive points with 1 contract, why do u think more contracts is the answer.........???
More...


I agree but then I don't agree.


10 points a day target= $50 - 5 com = 45

Who is going to trade for a living and pay bills for $45 a day ?

Using this 1 contract mentality will drive you crazy because in order to make more money you will take bigger risk to try to make more points. This will keep you in the market longer and make you more open to market risk.


1 is fine for learning but if you want to make money you eventually have to up the size.
more size / less points = less exposure to market risk

less size / more points = more exposure





They guy you worked for failed because he did not know how to lose, someone who has amassed 28 mill was obviously successful before and assumed that he would be at trading.
 
Quote from gerry875:

more size = less exposure???
More...



from a time perspective



10 points 10 contracts $500 - com


or 1 contract 100 points $500 - com


which one do you think has the higher probability of happening every single day ?
 
You must log in or register to reply here.
Back
Top