SML: Look at your trading plan: 1. Entry is on a guess 2. Stop Loss is greater than your profit target 3. Plus you have spreads and commissions to cover This is a plan to guarantee failure. You have no chance.
^^^ Truth be spoken. There's more but that pretty much sums it up. Good luck with your "practice" SML, may you prove us all wrong.
You don't have to do anything you don't want to do. Post is mainly for the lurkers. You are on your path. Good luck with your "practice." btw, If you aren't just a troll, square your offer with overnight; "I tell you what everybody. Any body show me some money, I send you $100 on pay pal right now." Overnight has accepted your offer, are you gonna renege? Is that really who you are?
I would let SML off the hook on this one. "Show Me The Money" is very vague. Anyone can document a profitable trade. There has to be something more definitive for this to be an actual commitment to pay.
Good Morning Illini Trader, Thank you man. We see how it goes. Risk = $1,000, Reward = $1,000,000 in 2 years. Sounds great to me for 1 hour of work per day with business of cost of about $1000.
No offense, SimpleMeLike, but you've been at this paper trading doubling, trippling, million quest adventure for five years. What makes you think things will magically turn around for you essentially overnight any day now? And not continue for another five years of paper trading, lab theory, testing, Imagine that....more than a decade....of paper trading, testing, That's the equivalent of a Ph.D of devotion to this craft,....you better hope you generate some serious money as a return,
Good Morning MacBookProHo, No offense taking my friend. I haven't lost no money in 5 years either. Sounds lovely to me. Never for get the outcome of trading, NOT to lose money. "What makes you think things will magically turn around for you essentially overnight?" Answer = Confidence and Skills and Gratitude and Patience and Fun If not trying to being a millionaire trader, you in the wrong business.