Day 13 = +187 Was up about $600 at one point, but that non stop ES rally took back most of my gains. Winning day at least. Still need some good days tomorrow and friday to try to make it a winning week though
real money. Only trading 1 contract most of the time now, and I occasionally place trades with my CFD broker instead of my futures account, but forget about that for the moment. Trying to keep size small until I find something that I believe gives a genuine 'edge' (not that I'm even sure that one exists for retail trader after my years of looking)
Not been many more trades for me today. Been mainly reading trading material today. Currently up on the day. 4 trades. 3 wins. 1 loser so far.
Week 1 = +643 Week 2 = +927 ----------------------- Monday (-$794) Tuesday +$400 Wednesday +187 Thursday +336 Need a decent day tomorrow to make it a winning week. Need a spectacular day to make it a 'good' winning week
Let's do some simple math This week so far; Avg win = $307 & change Avg loss = 2X Avg win + $180 One would need to maintain a >73% winning average just to remain marginally (and I mean barely marginally) profitable And a lot of unnecessary digging out as you are aware ======================================== Now letâs assume the Avg loss = the Avg win⦠Wining % would need to be 50% to break even Immediate extra 23% profit (as compared to above) But.., it gets better ======================================= What if Avg loss was 1/2..., to not more than 3/4 the Avg win Things that make one go Hmmmm RN
Hi RedNeck, Are you talking about having my stops 1/2 as big as my targets on trades? If so, in my experience, small stops increase the odds of being stopped, so I think it's all 'swings and round-a-bouts' Or are you talking about the fact that my losing days tend to be bigger than my winning days? I'm not sure how I can control that. Do you mean stop trading for the day when i'm down over $300 or something???