This is very interesting post, since this is exactly what I tought for the last 1.5 year (the opposite), but I get to the conclusion that the opposite is impossible to replay, and I will explain later today. thanks for your comment
Are you being serious? If you are saying that his past performance is encouraging then you are definitely a glass-is-half-full kind of person. What is the difference between losing 200,000 on a 400,000$ account and losing 2,000$ on a 4,000$ account? Why is there more of a massive (negative) edge in one case and not the other? I think we all have fantasized about hiring the worst traders we could find, give them a 10K$ account and see how fast they could lose it all... But secretly, instead of placing their trades, we would do the exact opposite of them, and make money... heheh That's basically what you are telling him to do, but IMO it is impossible to do the opposite to yourself, you need someone else, or some software to do it. g
I did dream about the same, 10k accounts to 10 traders and when they sell they are buying... I will add my toughts on this later, because I really think this is an important aspect of tranding anyway...
I would like to trail my stop but I have to refrain, if my stop will be hitten both on NQ and FESX I won't trade anymore for today...
stop hit on NQ and of course on fesx too... end of trading day, I resisted all day with my short on FESX it was more than +200 at a certain point, the short on NQ was + 50, and now I end the day at - 155 commission included, I will post the exact numbers in a few minutes, stop trading then for today...
don't hide the trought to this journal, I rentered short and taken the last stop, at least I close at my max daily loss and not more... reason: it was hard to keep my fesx morning trade for hours without taking profit and see all vanish with the US open, anyway now I'm at around -$200 and I must go for real.
i understand there're times we need to sit tight & ride the bumpy trend. but there're times we need to tighten the trail, and there're times we need to stop & reverse. enter at wholesale price, exit at retail price, i guess thats all we're trying to do. good luck
number of trades 4 NQ = - $95 FESX= -E60 total with commission should be - $200 errors: - entered the FESX before the DAX opened, bad entry and first stop (I re-shorted after the dax opened and had a very good setup). - entered on NQ too, even if I actually thought that it was better to keep just the FESX trade for a total stop of -100 (from an intraday hypothetical gain of $120 if I woudl have taken profit on fesx). - maybe the worst error: I entered short again on NQ with a tight stop just because I was thinking of my +$120 hypothetical gain.