Any of you making $5k-10k per day??

Discussion in 'Trading' started by tycoonman, Jan 24, 2012.

  1. newwurldmn

    newwurldmn

    Sounds like your manager was exercising his lookback option on you and was being a jerk.
     
    #41     Jan 30, 2012
  2. bone

    bone

    Experienced traders know that you simply cannot have monetary goals, and then tailor your strategy and sizing / risk accordingly. Sounds reasonable to many in theory, but in practice it leads to forcing trades which is never a good thing.

    The correct "mindset" is to look for consistency with small size, and then to quantify / define that consistency into a long term reproducible business plan. At that point, you lever the piss out of it and any thoughts about "achieving certain income levels" becomes a non-issue.

    My 2 cents born of experience.
     
    #42     Jan 30, 2012