This post finishes the partnership contract. As time passes, the trader learns that the momey takes care of itself. But it is a good idea to look at the two ingredients for making money. A x B = C
I had to leave for a while and when I returned to complete the post the post had timed out, so it was lost.
A is compounding B is applying the differentiated mind. Their product, C, is the wealth you build. Inital capital cannot be anything but smallest. for commodities it is 1 contract. For other intruments it is one round lot applied to four streams of capital. Cpompounding the profits is the most powerful tool. To make 60K a year you earn 5,000 a month which is 250 dollars a day. Divide the 1 contract point value into 250 and you see this is a portion of the ATR. To see what is possible then use 3x to 6x the ATR to get the annual income with one contract. For a no slippage partial fill regime use 250 contracts to do calculations on compounding. What slows compounding down is giving money to others for problem solving. there is no limit to this opportunity. the objective is to move from one intial contract to 250 contracts. Component B is how you get to a multiple of ATR by beginning with a fraction of ATR. Lets look at both sides of the coin for component B. 0perating effectively and efficiently has requirements. When you discover the the identiy of a trend end and a trend beginning, you are in the final stretch of becoming expert. This is the Failure To Traverse (FTT) from right to left. By then you know when H1 and H2 are used and you know dominant and non dominant moves. You know that a cycle is two moves and a tend is three moves and you KNOW they are on different adjacent fractals. You are very far away from using rule sets to trade; you use your mind to read the market instead by incorporating nonstationarity windows, OOE, WMCN and WWT. At some point, you change from FTT to FTT trading to point to point trading. You complete the transition from 1 contract to 250 contracts. Your bootcamp days were just like in the military. your weapon is the fully differentiated mind and ammo is in the form of FTT's and then annotated points. You team with the market and do your part and not the market's part. you have MADA and NOT OODA and betting. Monitoring gives you an information set. It automatically, one-on-one matches with the analysis finite set. You decide to hold or reverse. You take timely action to carve the turns. The non secret ingredient is the time you have to log each and every event in the passing of RTH's. It takes about 5 or 6 rows perbar of logging. Note the countdown from 300 seconds to 0 seconds. All trades are within bars. Each column has a glossary which is defined in binary terms. The binary terms are vectors in terms of the RTL and LTL. There is no probability and certainty in its place, no noise and precition to the tick in its place and no anomalies (all it orderly and interlocking).
I agree. the CW feelings are absent (fear, anxiety and anger (as measured by academia testing big money); instead the feelings are support, comfort and confidence. Stay on the main trunk of the tree as you learn to get to the top where expertise lives. This is a finite deal and only on/off switches are used. All cases squish to the long or short case. the OOE leads you to the FTT, point by point. Decelerating or accelerating only occur after point 3 on the way to FTT. All fractals areinterlocking in a ratiio of 3:1. The mind is so supreme and capable. You deduce your way there doing drills in a logical order your mind tells you to do. Induction is not used in Science, ever. QED.
Jack,I do feel sometimes lack of CO2,when I trade or read something,or concentrate on something.Why is that so?
You are lucky .... it usually goes the other way>>>> a lack of O 2 and too much resident CO 2. I have to have a monitor as I sleep. I stop breathing for over three minutes abou 20 times a night. If I do not get this corrected, I will not retart breathing at some point. Artifically my combo of additional oxygen and pressurization keeps building the pressure until my brain reacts by ovedrcoming lack of remote memory sensing. There is some really neat plumbing involved and a complex sleeping mask. The top pressure has to be set below the maximum exhale pressure I can generate thrpough muscular effort. It is a tight rope where the collected data card is periodically checked to refine the bi-level computer controls. The reports by A. Lo et al really reveal some interesting data on how fearful big money is when it is performing at the CW level of performance. It is almost s bad as Demi and the crew determined in the Movie "Margin Call". It is especially fun to witness big money trading commodities in Chicago (or elsewhere) in real time. They never consider being effective nor efficient; it seems they think they are concentrating on "being right" or something similarly irrational. Those who do not use CW based trading are really very fortunate. It will be fun in the future when web sites begin to appear and people can share their techniques in real time.
Here you go.... The sharing can begin now Break out the crayolas and start, everyone can jump in Thanks Multicharts https://www.tradingview.com/