Success in life and in Trading

Discussion in 'Psychology' started by zdreg, Jul 7, 2022.

  1. Hello Overnight,

    How is going captain?

    Thanks for the motivation sir. I really appreciate it.

    Well, the biggest challenge right now is the zeal to keep going once that intraday 2 losses or more in a roll occur while trading during my 2 hour window.

    I seriously will not have an issue with refraining from scaling up. I seriously do not want to scale up. I am good with my $100 per day.
     
    #51     Jul 7, 2022
  2. Hello MacBookProHo,

    How is going bossman?

    Thanks for the comments and response.

    As far maximize winners. YUKKK:vomit::vomit::vomit::vomit: Are you referring to holding winners and manually managing big runners?? No offense, but FUCK everything in the world that has to do with holding winners. I hate that crap. Yukkkkkk. makes me wanna throw up. Yukkkkk, I hate holding winners. I scalp buddy. Please do not take offense to me, but ugghhhh, yuuukkkk, holding winners while manually discretionary trading, Gives me headache just thinking about it. My God, I will never do again.

    I rather swim in gasoline near a barn fire with red fire ants on my dick, before I try to maximize winners and hold runners. :vomit::vomit::vomit::vomit:


    Full Disclaimer: I am ONLY a consistent profitable trader for 2 months now. Please see my comments as my opinions only. I have zero proof of anything I say longer than 2 months. My comments are probably worth a penny with a hole in it or the dog poop at the dog park.
     
    #52     Jul 7, 2022
  3. Acutally I take that back.

    I rather just not have a dick at all before I ever in my life try to maximize winners and hold runners and swing trade and get the most profits per trade. yeah just chop my dick off before I ever do that again. yuukkk:vomit::vomit::vomit:


    Full Disclaimer: I am ONLY a consistent profitable trader for 2 months now. Please see my comments as my opinions only. I have zero proof of anything I say longer than 2 months. My comments are probably worth a penny with a hole in it or the dog poop at the dog park.
     
    #53     Jul 7, 2022
  4. Millionaire

    Millionaire

    It is not!, if it were there would be many traders earning $4000 a day ($1M per year) by trading ES with a 40 lot position size and aiming for just 2 points.

    Those pesky losing trades get in the way and stop us reaching even such a modest daily goal of just 2 ES points every day.
     
    Last edited: Jul 7, 2022
    #54     Jul 7, 2022
    SimpleMeLike likes this.
  5. Millionaire

    Millionaire

    You are either joking or trolling us?
    You know full well this is not possible, not without insider information.
     
    #55     Jul 7, 2022
  6. Overnight

    Overnight

    I believe it is with the way the ES has been trading for the past few years, with 50+ point ranges. I would be trying it now were I not in that pesky long with no stop.
     
    #56     Jul 7, 2022
    SimpleMeLike likes this.
  7. Millionaire

    Millionaire

    Recent volatility makes little difference.
    You either have to use a stop in which case you will get stopped out often and so have losing days.
    Or use a 2 point target and no stop in which case you will have many winning days but give back most, it not all, of your winnings in just one bad day.
     
    #57     Jul 7, 2022
    Georpe and SimpleMeLike like this.
  8. Overnight

    Overnight

    Yes, I know all of that. But the longer you have losers, the longer it takes to get to the goal intraday. THAT is the tricky part for sure.

    First trade is a winner, done for the day.

    First trade of the day is a loser? It could take all day to get back to BE, much less daily target. Very annoying.
     
    #58     Jul 7, 2022
    SimpleMeLike likes this.
  9. Millionaire

    Millionaire

    I have found it is easier to aim for big winnings days every now and then, and have small losing days often. Win rate below 50%.
    Rather than try and make a small profit like 2 points with a high win rate. That is the dream, everyone wants a high win rate, but it is not how directional trading works in reality.
     
    #59     Jul 7, 2022
  10. Overnight

    Overnight

    I don't see how that is possible with a 1:1 RR and a fixed daily goal.
     
    #60     Jul 7, 2022
    SimpleMeLike likes this.