Don't know I have had no luck with automation. Right now I use mainly a systematic system I developed just using pure PA on a blank chart, but I also have an indicator system that leans more discretionary that is complimentary. I don't think an automated program at retail level can come close to a manual trader. I prefer a mix of automation to the point it will inform you of the information you need and than you place the trade manually. That seems to work better.
Yeah, this is what I am talking about. I don't know any day trader who thinks 25k per contract is too much risk. This is what I mean by questionable. It always points back to the same thing, people think that is risky because they don't actually day trade. They trade smaller position sizes and use time and/or account size as their edge. Which is no problem, but don't come on here telling me you're a serious day trader and you think 25k per contract isn't enough capital. That's pretty absurd. Period.
It certainly does, no disagreement there, but... if you take the desired percentage way down... and replicate the spit out of it... that maximizes returns and minimizes losses. But whatever. I'm merely talking out loud here. Disregard everything I said. A work in progress.
You haven't even told us how much you risk on each trade. 25K per contract is not your risk, it is how much leverage you are using. You are leveraging about 10:1, but that is not your risk, unless you don't use a stop loss at all. in which case a 5% move in the NQ would wipe out almost half your account. And that is too much risk. So tell us how much you actually risk per trade. Do you even understand how much risk you are taking?
What??? https://qullamaggie.com/ you can thank me later Turned 5 mil into 80 mil plus... Don't think he's bullshitting... Started out as day trader, now swing trades..He's a MoMo guy.. Worth a look.. ..
It's actually the opposite. I already detailed and laid out an average stop and you other people came in and claimed how it was too much risk or seemed risky. Once again I used actual math and everyone else just follows up with rambling words. It's almost unbelievable. Here let me ask you a question.. If I already : (1) I Clearly showed reasonable capital per contract(because you quickly conceded 25k is enough per contract, because even you know it's ridiculous to say other wise) (2) I clearly posted the average stop is 8 points per trade. What is the point of you asking me again a rhetorical question? Oh I know because you're not actually fully reading what I post. Not that I blame you, this place is a general huge time sink. The macro point here is, this is a waste of time for everyone and a pointless debate. Thanks for the conversation none the less. Happy new year my man.
So you think you can average over 6R per day, or 1500R per year. With hardly any losing days. lol. keep on dreaming. Just 6R per MONTH consistently trading the ES is outstanding. As you can quickly scale to 50 lots per trade ($20K risk on a 8 point stop) and make over a 100K per month (6R x $20K = $120K per month)
Hello taowave, I do not know man. I do not keep up with that returns crap. I said I am trying make +$6000 a day, even more. You guys sure be asking alot of silly ass questions on here man, too much debating. Why you asking me that for? Is your goal not to make make +$6000 a day too. I like to think so. Damn, my favorite rapper died today. Dammn, life sucks at times. Rest in Peace Big Scarr. I sure will miss you buddy.