Newcomer question

Discussion in 'Professional Trading' started by Oiledup, Jul 3, 2010.

  1. Oiledup


    Hello everyone my name is Filipe Maduro, from Portugal, and I came to this site searching for good advices and knowledge.

    My profile is, I am a small trader in Light Crude Oil, and lately I have been making huge profits, most because I am an intra-day and scalper trader. So I stay like 12 hours in front of the computer, being able to watch every market movement and making good entries/exits.

    So I am getting cocky and maybe too much overconfident and I am a litle afraid of that. So my question is:

    - What is for you a profitable and sustainable ( low risk) gains each day?

    Sorry my bad english... I will give an example.

    If I invest for example 50k/80k o Light Crude Oil what is a profitable and sustainable gain?

    Because I think in the mid-term these 170% profits/day will lead me to bankrupcy.

    So should I aim for lower % of gains, or try to win as much as I can?
  2. I think conventional wisdom says to use half of kelly criterion or something like that.