I am bored of small wins. Would it be dumb to risk more to make it rich?

Discussion in 'Trading' started by Steven W, Jun 24, 2019.

  1. MarkBrown

    MarkBrown

    i purposely lose a couple million (but my max was 5mm) just to get my attention back on trading. you haven't lived until you make over 1mm a day so i say go for it you have earned it.

    see where that dom button says 10 change that to 500 and don't look at the p/l just trade the shit outta it.

    if the clearing firm calls you don't answer the phone they will be calling about margin, that's just a distraction.

    oh and change markets trade the es futures.
     
    Last edited: Jun 24, 2019
    #31     Jun 24, 2019
  2. ElCubano

    ElCubano

    at $130k he earns 700% more than the avg salary of the rest of the planet. But pushing while the iron is hot like another OP said is also good advice.
     
    #32     Jun 24, 2019
    dozu888 likes this.
  3. pipeguy

    pipeguy

    Variance of your returns can get out of control, including the reason of higher emotional pressure. That's the only weakness that comes to mind when somebody intends to take higher risks
     
    #33     Jun 24, 2019
  4. ironchef

    ironchef

    Determine your Kelly Criterion, it is mathematically your optimum bet size once your Kelly is firmly established.

    However, be aware that if you bet Kelly, even though you may optimize your gain, your risk of ruin is high and as one of the posters said, you won't be around to post on ET in the future.

    Best is bet fractional Kelly. Even trading legends like Ed Thorp was betting fractional Kelly.
     
    #34     Jun 24, 2019
    tommcginnis likes this.
  5. Turveyd

    Turveyd

    To be fair I don't even get out of bed for less than 130K these days *






    * Remembers I only have LITERALLY 4p in my personal account ( damn 20years younger blonde nympho ), maybe I should stop being so lazy.
     
    #35     Jun 24, 2019
    MarkBrown likes this.
  6. MarkBrown

    MarkBrown

    per day right otherwise that would be a low goal, lol.
     
    #36     Jun 24, 2019
  7. If I was up $130k halfway into the year, I wouldn't change a thing until the market made a significant change.
     
    #37     Jun 24, 2019
    Turveyd and tomorton like this.
  8. Turveyd

    Turveyd

    When being a millionaire isn't enough in 4years time, without spending any, then you've got issues!!
     
    #38     Jun 25, 2019
    MKTrader likes this.
  9. MKTrader

    MKTrader

    Like lying...or exaggerating at the very least...maybe?
     
    #39     Jun 25, 2019
    Turveyd likes this.
  10. Turveyd

    Turveyd

    Yeah! Ploy to attract OPM.

    When I make 2k in 6months I'm well happy, then lose it next day being greedy ofcourse lol

    P.s. made some real money account back over 4p briefly.
     
    #40     Jun 25, 2019