when you rely on large movement size to make you money instead of trading large size for smaller movement. you are missing the boat.
I'd just as soon stay dry and make money. I don't get many large moves but when I do I make a large amount of money.
Jesse Livermore went bankrupt twice before commiting suicide. It amazes me how people view that guy as some Trading God Hero Legend
I have decided that leaving potential money "on the table" is not important,,, what is important is leaving the table with some profit. To use the gambling analogy, the longer you play , eventually you will give it back...
think if you had just done more contracts with less profit target. the likelihood of hitting a smaller target greatly increases the percent win rate.
3 times I believe. He's a legend because he came back from being bankrupt and made millions trading back in the day when a million was serious money.
It's not how often you win that matters it's how much you have at the end of the year. Altthough large size means large wins it also shows up as large losses and human nature being what it is we tend to give our losses a little room to recover, and the OP has admitted a discipline problem.
Hello MarkBrown, But you know, what eventually comes with this scenario? That Man!!! Its ALL about that get back.