The Tao of Minimalistic Trading: $300 Daily Profit

Discussion in 'Journals' started by schizo, Dec 4, 2015.

  1. schizo

    schizo

    Just 2 more points to go. :)
     
    #11     Dec 4, 2015
  2. schizo

    schizo

    Long 65.25
     
    #12     Dec 4, 2015
  3. schizo

    schizo

    Out 67.25 for +2

    $300 made and I'm done for the day.
     
    #13     Dec 4, 2015
  4. schizo

    schizo

    I only bankrolled $10,000 in this account, so I can't take 6 lots without using excessive margin. The purpose of this thread is to show that a small fish can also succeed (or swim).
     
    Last edited: Dec 4, 2015
    #14     Dec 4, 2015
  5. schizo

    schizo

    Well, that's just part of the game. However, I plan on trading at a bare bone minimum. As I said above, this thread is about being minimalistic.
     
    #15     Dec 4, 2015
  6. d08

    d08

    Trading days are created far from equal in opportunities, therefore equal goals are inherently useless.
     
    #16     Dec 4, 2015
  7. schizo

    schizo

    Not sure I've understood what you mean. By "equal in opportunities", do you mean uncertainty?

    Anyway, I don't intend to become an equal opportunity trader, but my goal of making $300 per day remains intact. That objective was met for today so we shall see if what you claim is true for the days ahead.
     
    #17     Dec 4, 2015
  8. d08

    d08

    No, I mean volatility is different every day, therefore results are different every day. Even if you adjust for volatility, on certain days when 80% of market players are on holiday (like the past friday), you can't achieve the same results.
    You're better off focusing on averages for weeks or months.
     
    #18     Dec 4, 2015
    i am nobody and VPhantom like this.
  9. kut2k2

    kut2k2

    Too soon. Seriously.

    You have to take advantage of good days to compensate for bad days.

    My suggestion:

    Daily loss : $300 maximum.

    Daily gain : $300 minimum, $600 maximum.

    If you're struggling to make the $300, by all means stop there. But when it comes easily and quick like today, go for double.

    JM2ยข
     
    #19     Dec 4, 2015
    K-Pia likes this.
  10. schizo

    schizo

    Gotcha. Fortunately, ES is pretty active as you may already be aware of. The daily range is usually in excess of 10 points. I do not need to catch the entire move. I just need to nibble 2-3 points here, 2-3 points there.
     
    #20     Dec 4, 2015