Plus, there's another big disadvantage you're not thinking about, the house is always up a tick on you. Let's say you buy 1100.50, and your stop is 1100 and your target is 1101. You're more likely to get stopped out than hit target, because it's easier to get stopped out. If 1 person sells 1 contract at 1100 that will trigger your stop to sell at market or 1100. If 1 person buy 1100, nothing happens. You may have to waiit for 800 contracts to be bought at 1101 before your order gets filled. So, in your example, it's not 50/50, but the market is naturally weighed against you a tick, and then there's also the five bucks for commissions. Then, there are also times when the markets move very quickly and your stop is not respected, and you'll lose more than you intended to, but your target will always get you out at you two ticks. This is why accounts can blow up quickly, no matter what you do.
joe, there's no such thing as the house if your trading underlying markets , plus i couldn't really understand what you were saying anyway , your a muddly person . Of course there are traders who use order flow and spread to thier advantage , traders just like you , only better!!But the true "cost" of trading underlying markets is only commission /expences , not spread , as your entitled to take advantage of spread just as much as any other trader.
Mr ZhangSanFeng, bleeding slowly to death is already blowing up. As 1 poster said, the mone tu take 10-20 losses ina row or however many you can withstand...your mind starts playing tricks on you and u fuck urself over totally. actually this is not even the main issue, let's say you make money consistently, you start buying nice stuff, upgrade ur standard of living, buy new aprtment, new bmw, etc ,etc, trades starts to dry up, your edge dies, you cannot find a new one, and all the while ur bills everything is starting to pile up, this actually afflicts a lot of "successful"traders more than you think, over the last 2 years i have seen very consistently succesfful scalpers, people who made money for many years at assen and lightspeed simply leave the game, so after say 7-8 years you are still worse off than your peers
and all i want to say to people is if u have winning streaks in the market, please save, dont blow it on fancy cars, mansions and private porn star shoots, yes i know this all too well. Impermanence is the only reliable phenomenon in our world
But what you said is another matter. I mean you should be able to control your emotion(easy said than done). I am just discussing the possibility.
I think a better way to put this, traderzhangSan, is that you need to blow up your account at least once to know that it is possible. How that happens is up to you. It is a right of passage. The key is to keep going even after you have lost all your money and figuring how to never do it again. Its up to you.