Yes, and you asked if I could increase contract size to reach a daily profit target. The answer is no. It would blow up the system even faster, BECAUSE I CANNOT SET A DAILY PROFIT TARGET!
I am not mad. All caps does not equal anger. But statements like this... and this... and this... are not conducive to intelligent conversation. You mistake anger for frustration.
fair enough, i shouldnt have directed my statements to u personally, but more so rather to ur comments, i dont believe a person can entierly be judged off their few statements I APOLOGIZE
You should apologize to algofy also. He simply asked a rhetorical question to vanzandt in the other thread, and you ripped into him.
a rhetorical question asking if iam a marman? lolz, leave me and him deal with it,,, end of day we all here for opinions and education,, were not married to each other
r u serious??? all u 3 had to tell me thats that what it was and i wouldnt have thought u 3 are trying to make fun of me and intimidate me,,, lolz,,, no iam not,,, i just joined this site about a month or so ago,,,its my first on anything like this and now u bring me to a story that answers @algofy question in the past of why iam all over the place,,, cuz 10 years ive been trading silly to say i never knew or found that there is a social community for traders, and i mean serious traders who put in the work day in day out like most of us here not ones that claim they are traders and just to sound cool,,,, and when i came to this site and found out there is tons of us in ONE PLACE it really made me thrilled specially when seeing the level of depth of traders and that some even been trading longer than i was born it really brings the community together,,, i know i couldve and shouldve looked into sites like this before but i didnt know,,, in matter fact when i found it a month or so ago it was unintentional, i searched on google for backtesting software and some quote from here came up,,, and here we are today,,,point is thats why iam opening subjects right and left on things that in the past i didnt know many it can be opened with
Thank you systematictrader, You are right and after some thought. It's sooooo easy for an intra day trader to get caught in the daily profit goal. When in fact, your system sets the P/L from the day, not the trader. The trader is just an execution. Trader job is to take trades unemotional. I belive I had it backwards in my goals, instead of me thinking about a certain profit target per day I want to make, i should revaluation my system to stats to say how average can the system make a day and the predict "with this system based on backtesting , it's projected to make xxx per month or year based of 252 trades per year." I will back the system for taking allll trades from 8am to 11am and measure the positive expectancy and just trade it if I like the results. What do you think about my logic?