You're not going to get anywhere risking 1%/trade at retail unless you're legit trend-following at a low hit-rate. You're better off position trading or passive index.
So far I'm doing better than passive index. Not sure what you mean by legit trend following at a low hit rate. I'm not making 100% per year and can live very comfortably with 20%. I'm not compounding as I fund my lifestyle with what I make.
I have nearly 50 years of trading, had elderly mentors in beginning on learning Financials In stocks, now don't believe in Financials. Took 7 years to learn long term and intraday trading in futures, kept going to bank for loans to only lose again and again...struggles were ongoing, wisdom started slow. If it wasn't for doing charts by hand, doubt if I wouldn't be able to turn it around. Have to keep many stats per trade, how much trade went against direction, how far as fast or slow in right direction, risk management is my edge. LEARN how to make money overall on losing long term trades by hedging. Learn how to hedge open profits. How to get in is last. Chart patterns, Sma, fast RSI and volume whether long term or intraday. I had to spend 80 hours a week for years/decades to accomplish my goals. I never recommend to anyone to trade any more, buy an index and have a life with your loved ones. Trumps tariffs tore into huge drawdown of 18%, 3 losing weeks in a row, took 2 months to recover. But you learn from losing, of changes needed. Good luck...
Good Morning volpri, You are the only ET member that talks about it publicly. Day traders remain and ALWAYS remain a Loser Day Trader forever and ever, because they spend too much time talking about profits and zero time talking about losses. And they do not trade, so they lose. They spend time reading trading books rather than clicking 10,000 times a month.
%% Good questions/ looks like you are like Dave ramsey= ''readers are leaders''; read a lot, a public + private library may help. Paul tudor Jones shoots green head ducks[ source DU magazine.... ] ; less ammo used that way. . But he has a farm 2; live trends + gamebirds %%
Good Evening volpri, Yes your recover loss method is okay but the double up or triple up to catch up loss recover method will eventually send trader down the account blown path and lose all trading captial forever. It is not logical to trade on day to day like this and requires very big account for this drawdown recover method, in my opinion. If you lose on the double up or triple up to catch up method, then you stuck at that method trying to recover the double up or triple up to catch up from that loss. Then you be in drawdown forever or possible never recover the account and the day trading career is over. You need a million dollar account to trade this way.
Market mayhem under Trump: Trump’s presidency has been a rollercoaster for financial markets, with his tweets often acting as accelerants on an already volatile landscape. His tenure has been defined by unpredictable policy shifts particularly on trade and tariffs that repeatedly rattled investors. These decisions frequently came with little warning, only to be reversed or softened within days, sometimes hours, adding to the market’s uncertainty and fueling short-term swings. The market turmoil on July 16, 2025, due to Trump's tweets and actions, especially around the Federal Reserve: Trump's threat to fire Powell rocked the markets, a prime example. A successful trader needs not only a strong trading system but also the ability to adapt effectively to market fluctuations!
So in conclusion, you are/were an addicted, degenerate, gambler living for the high and fantasy .... or did you crack the market code Holy Grail by now, Moses making it to and entering the promise land,