Grinding it out, day after day

I'm only trading about half the size now that I was a few months ago. Just waiting it out, hoping things turn around.

 

Sorry Joey, I didn't see your post earlier.
I started with 40k through just saving money. I had a decent job and ran a business on the side. I also had cash when I sold my house and moved.

I don't calculate R:R ratios. If I wanted to go back through old trades I suppose I could figure it out, but it's not a stat I use at all. My entry and exit points vary a lot depending on the trade. Sometimes a chart level, or a spreadsheet calculation or just intuition.

Your primary goal should not be not to lose money. Losing is a major part of trading, and you can't trade scared. Your goal should be to clearly define a strategy and then execute it according to your rules. If your strategy has a positive expectancy and you manage things well, you will make money. Remember, profit is just a side effect of properly executing a good trading plan. Wealth comes from doing that AND not being dumb with the money you do make.

 

Thank you for an outstanding journal full of detailed posts, replies, charts and analysis. It's rare to see this anywhere, keep it up!

 

The first thing I noticed is the 3 cents average net per share traded. This is equivalent roughly to a 1 tic net profit per trade in ES futures.

Yet the volume moved seems to make for a very good year end result, including execution errors.

This is in stark contrast to the dozens of points per day, and no losses, claimed in many other threads and forums all over the web.

Wondering if all this grinding can be fully automated.

I guess I will have to read this journal from beginning to end.

 

Lesor,

In terms of earnings, do you avoid stocks X days prior to earnings----x days post earnings?

j

 

truer words never spoken

 

I am in the same boat as you are. Do you mind sharing how , in a brief outline, how one has an individual account yet is able to run his trading operation as a corporation?

Do you run it through a trust fund?

I will be talking to my accountant but i just want to run some ideas by him and see it if works in my country( My residence is in the UK, not canada).

 

Lescor,

Have you ever thought about taking your top strategies and converting them to longerterm?

 

Not usually.

 

You may be able to have an account in your personal name, but assign beneficial ownership to your corporation.