My job is holding me back

Discussion in 'Trading' started by Jdesey, Dec 26, 2022.


  1. I already explained the reason I have third parties involved. If I had 150k, I wouldn't need or even want to involve anyone else.

    Half a percent on my account per day? if I couldn't do that, I would even bother trading. Some of the money I make goes to bills as well, so it's not like I have a pure compounding account (on my end).
     
    #201     Dec 27, 2022

  2. This is the biggest joke yet brother, if I was sitting on 150k I'd be already starting to build an empire.
     
    #202     Dec 27, 2022

  3. "A fast chart". Nice so you're one of the people who will tell me it's ok to do analysis on a 5 minute chart, but a 4 minute and 59 second chart is too fast. That's basically your argument, when you make comments like "fast chart" you just don't know enough about the markets to realize it.

    That's not a slight, just letting you know.
     
    #203     Dec 27, 2022
  4. easymon1

    easymon1

    Start where you are at.
    Would you say you are closer to ten or fifty grand?
     
    #204     Dec 27, 2022
  5. easymon1

    easymon1

    What would you say is a close approximation of what you are pulling down per day average percentwise on your personal account?
     
    #205     Dec 27, 2022
  6. easymon1

    easymon1

    Where do you get these ideas, Concinnity?
    I trade a 1minute to a 5min chart, during strong trends a 30second chart.
     
    #206     Dec 27, 2022
  7. Businessman

    Businessman

    You hardly ever have losing days. So open a $10K account at AMP. You can trade 5NQs and still have room for 4 losing trades.

    You don't even have to start with $1000 risk, just start by risking $160 (8pts on 1NQ lot) on a $10K account, and quickly scale up as you make profits.

    Don't even have $10K? then start with $5K, $160 of risk is fine on a $5K account, if your win rate is good.
     
    Last edited: Dec 27, 2022
    #207     Dec 27, 2022

  8. One minute you under estimate the math and the next minute you exaggerate it. One minute you criticize me for being too risky and now you're asking why don't I risk more. I have to assume you're doing it on purpose to troll or maybe you just truly don't get it. Clearly explained to you the numbers I am using to get the math and what size I feel comfortable currently trading at per contract.

    Mentality is a big part of trading too obviously. So, I am not going to trade any higher size that makes me uncomfortable, until I am confident via forward testing. that I can size up even more. Why would I be stupid and do that? No need too.
     
    #208     Dec 27, 2022
  9. Ok, so you weren't trolling great. good deal man, trade well :)
     
    #209     Dec 27, 2022
  10. Businessman

    Businessman

    You are risking $160 per NQ contract (8 pts). That is not much risk.

    You don't need $25K per NQ contract, $10K is fine, even $5K is enough to start with if you dont have $10K.
     
    Last edited: Dec 28, 2022
    #210     Dec 27, 2022