In LA and OC, there are lots of keeping up with the Jones and live "to be seen". The Hollywood culture in full view. Wife told me to stop chasing a decade ago and QOL has been way better since.
I know what scalping traditionally is but I am a rebel. I make my own rules. I consider scalping 1 to 8 points in the ES or in MES. A little different if NQ or YM. I also call what I do as MANUAL HFT. ROFLMAO. Laugh with me!
Of course, I live in OC and my neighbors all called me names during the election. Accused me of being a RINO.
Yea I get that too. Never occurs to them that there are still in this day and age such a thing as sane Conservatives. You're either with the Clown or a "damn" Liberal.
LOL so where do you stand? Either with the clown or a liberal? Which are you? Likely neither but instead a libertarian???? ROFLMAO
But just imagine that you can pull off something like a 70% win rate. I think its the Kelly criteria that tells you how much you should bet on every trade. With something like a win rate like this, you could take massive risks. I personally never understood why someone says that you need $100k to trade 1 ES contract. (maybe some say 50k is fine, but its still high). Consider that you would use a 10 point stop. This means you would be down $500 on 1 losing trade. With a $100k account, you still have $99.5K. If your win rate is high enough, you know you should be making this back in no time. Now I realize that even with a 50% win rate, 5 losses in a row are completely expected, as would be 5 wins. But if your win rate is high, it should give you confidence to push trading size on every single trade. Of course I think the confidence is never this high, except maybe for scalpers who train for high win rates but with not so great R:R. So with all this talk of BE trades and so many other factors, and needed such large account to put on trades because you know you can lose 5 times in a row, its the realization that win % isn't going to be high which prevents trading large size.
It's right there in a first sentence. Anyway the U.S. is still a melting pot of many ethnic groups, religions, etc. Which is a good thing. Only fatRumper followers think in terms of with us or against us. Look at you a self-described American Indian ... with a drawl. LOL who knew, I personally never heard of one.
Now you have heard of one. You there are American Indians in the south don't you? You shan't be far from some there in FL. Some say native Americans. I say American Indians cause I think you yourself are likely a native American maybe not an Indian but born and raised in the USA so a native. To you have a drawl? Oh BTY you never describe if you are orange man politics or Schummer politics??