hi et =)

Discussion in 'Journals' started by niko79542, Mar 1, 2018.

  1. niko79542

    niko79542

    No, my main product is options on small cap Nasdaq stocks. The strategy produces 1-2 trade signals per year. I battle my own impatience, as well as the desire to stretch the rules of the strategy and bet the whole account on 1 trade, due to the infrequency of signals.

    Although if i never broke the cardinal rule of fixed position risk (say 10% of acct size), none of the above would be a career ending issue!
     
    #21     Mar 3, 2018
  2. southall

    southall

    10% is still pretty insane as 5 losses in row is around half the account.

    Get back to the day job and in the meantime come up with ways to double your account risking only between 1% to 5% of the account on lots of small trades.

    I had to go back to my day job in 2002 and 2005 after i failed at full time trading twice.
     
    Last edited: Mar 3, 2018
    #22     Mar 3, 2018
    niko79542 and d08 like this.
  3. s0mmi

    s0mmi

    Here's my reply to Nik (the OP) and his strategy (my reply is in yellow)

     
    #23     Mar 4, 2018
    samuel11 and niko79542 like this.