Made a lot of progress, but feel like there's so much more to go...

Discussion in 'Trading' started by trader99, Aug 19, 2018.

  1. sillyw10

    sillyw10

    I don't think so..the more things you look at the lesser your concentration..the only valid reason I see to trading different markets is different time zones..eg..Dax and Hsi..but even they normally follow the US financial futures..the ES is the main one..which makes it the hardest.. easily seen by the 1 min bar ranges..have a look at the RTY.. charts can be much "cleaner"!

    https://www.cmegroup.com/education/...ures/introduction-to-e-mini-russell-2000.html
     
    #241     Apr 16, 2019
    tenny1886 likes this.
  2. I meant the ES. my bad.
     
    #242     Apr 16, 2019
  3. ironchef

    ironchef

    You are following my script. :D I was trading/investing on the side (fortunately more buy and hold than day trade), then one day was able to quit my day job and the rest is history.

    The only thing I can add to your approach is please use only a small fraction of your assets to trade as they are practice runs for the real fight that will come next.

    Have a good day.
     
    #243     Apr 16, 2019
    trader99 likes this.
  4. ironchef

    ironchef

    You made some very excellent points. Very few of us will admit our success is more luck than brain.

    Thank you.
     
    #244     Apr 16, 2019
  5. sillyw10

    sillyw10

    yes..the hard part is accepting how silly you have been for all those years..chasing elusive edges and downloading every trading pdf under the sun..to eventually discover..by experience..that 99.99% of it is pure bull..and the other 0.01% is skill :)
     
    #245     Apr 17, 2019
    tenny1886 and ironchef like this.
  6. trader99

    trader99


    just made $2K in options this morning. Stocks and options I can made decent. Futures I'm still weak at. I think it's just the speed at which futures move. I don't have that much in my account. So % wise it's really high.
     
    #246     Apr 17, 2019
    ironchef likes this.
  7. ironchef

    ironchef

    True but you have to keep reading and trying to get the .01% that get you over the top. :finger:

    The reason I keep coming back to ET is, being a new amateur retail, I actually found a few great lessons wading through all the posts. So, I am grateful some of the very best traders are still willing to post and help us out here and there.
     
    #247     Apr 17, 2019
  8. sillyw10

    sillyw10

    who are they and I will look them up..be interesting to see what they say
     
    #248     Apr 17, 2019
  9. sillyw10

    sillyw10

    $2k is a nice bit..how many contracts and what was your risk on the trade..please don't say you don't know..how long in trade?
     
    #249     Apr 17, 2019
  10. So far was a great day. My risk was minimal and profits were not bad. I have traded a lot less contracts then i normally trade. Was able to stick to my risk management to the T.
     
    #250     Apr 17, 2019
    trader99 likes this.