Joining the CME gang

Discussion in 'Journals' started by hilmy83, Jul 17, 2019.

  1. i love volatility, i seem to make really good money when markets are volatile. My probabilities go further and beyond my profit targets.:D
     
    #191     Aug 21, 2019
  2. themickey

    themickey

    The markets are just machines with switches. Forget about Trump excuse, if it's not him then it will be something else.
    The market is designed to boomerang in your face.
    Think of the market as a crankshaft spinning but the crankshaft is made of rubberbands.
    Everytime it whacks one way, then it whacks the other way.
    It's also a switch, that's when trends begin and trends end, onces it switches it heads the other way.
     
    #192     Aug 21, 2019
    onejester likes this.
  3. destriero

    destriero


    We all love vol if it's aligned with out position.
     
    #193     Aug 21, 2019
  4. alfa8

    alfa8

    I mentioned in a previous post; guidelines on how to preserve capital:
    https://www.elitetrader.com/et/threads/joining-the-cme-gang.334231/page-14#post-4910622

    In brief:
    1. do not add to losers. only have one position at a time. go full size is no problem. but dont add.
    2. use a strict SL for all positions. use BE stop when position moved in favour
    3. when a position hit a stop loss, call it a day. go home do something else. you are rotten for the day
    4. Dont trade counter trend during US session. only momentum/breakout. trade CT in Asian time, where Shenzo Abe and partners are waiting for Trump to wakeup because they have no fucking clue what is going on
    5. Do not use high leverage; use about 30% of what your broker allows you to; It gives you a chance to blow up 3 times.
    6. Do not compound after every trade; instead; start compounding once a week; or once a month. However; when you had a loser; downgrade your position size to refect new smaller account size (Kelly's stuff)
     
    #194     Aug 21, 2019
  5. kellys

    kellys

    There you go!
    Definitely something in there that Hilmy could apply.
     
    #195     Aug 22, 2019
  6. kellys

    kellys

    Machines, switches, crankshafts, rubberbands and boomerangs?
    Did you get all that Hilmy? Go get 'em tiger!
     
    #196     Aug 22, 2019
    vanzandt and themickey like this.
  7. themickey

    themickey

    I maintain to be a trader one needs to be a bit whako, here's my driving license.
    fukennard.jpg
     
    #197     Aug 22, 2019
    kellys likes this.
  8. destriero

    destriero

    lol what a queef.
     
    #198     Aug 22, 2019
    themickey likes this.
  9. vanzandt

    vanzandt

    Did they legalize weed down under?
     
    #199     Aug 22, 2019
    kellys likes this.
  10. wrbtrader

    wrbtrader

    #200     Aug 22, 2019