Complacency in trading.

making a million is not far fetch for some traders. but lets be realistic here. if ur goal is to make $125k/month and it is already been 4 months into the year and you are already down -4000$ ytd...there is a high probability you won't make million by end of this year 2023. we are all traders here and we go by probability.

i read it somewhere that trading is not a get rich type of scheme. it is slow boring grinding gains u do day after day. and i found this to be true for me anyway based on my trading journal stats.

for me...i know if i do make a million by end of this year in trading...i will take that money and run.

 

Of course it is possible, if you have no tested strategy and no rules for executing this strategy.

Clearly you need that before you open a live trade.

 

How about decreasing lot size then? Is that something that could work with your strategy?

 

Sure. But that would also limit the upside.

I’m not interested in making pocket change. However, I’m not in a hurry to scale my account either, so as my account grows I expect risk per trade to decrease.

 

Good Morning vincentnyc,

How do you know the person who wrote the article where you read "trading is not a get rich type of scheme" is an unprofitable trader who is simply trying to scam you and manipulate your thinking to sell you something to "improve your trading".

The ES market is open 23 hours a day, we can take from it how every much money we choose and make it boring or fun. I choose to make it fun and very rewarding.

 

cause i just told you...based on my trading journal and stats....i was able to verify that saying. trading for me is a slow grinding gains day after day. what about you? what does your journal stats reveals to you? since you are trading es every day...what has it reveals to you? are you getting big gains, big loss, small loss, small gain etc. day after day?

 

Hello vincentnyc,

My trading stats revealed to me the only thing I need to see:

Recover from drawdown and keep winning.
Recover from drawdown and keep winning.
.....
repeated times 1000 more times.

Thank you,

 

so basically you are a break even trader?

 

Hello vincentnyc,

Currently, I am a Loser Trader in the ES futures market.

I posted my disclaimer here

https://www.elitetrader.com/et/threads/complacency-in-trading.372858/page-10#post-5800076