To me your chart shows what you find everywhere on internet for free. Junk. I cannot trade on that junk. I see now in what stage you are in becoming a trader. You are still a newbie, so discussing will be useless. Come back in a few years. I have an inhouse psychologist to speak and discuss with, which makes it much easier to me to improve myself. On top of that, and very important, I can tell her secrets that I would never tell my shrink. She knows everything about me and about my trading, which is essential to improve yourself in the best conditions possible. I still wait to see your comments point by point on my posting where I commented on your 8 statements. Probably to difficult for you or to embarrasing as it might show you are wrong?
OK you make 65 points on sand p(total net weekly profit divided by 13 trades, so included losing trades) over 5 points net )= 20 ticks + How many ticks go into a point? However many ticks add up to one. In the S&P 500 E-mini, you have four ticks to a point.For example, the S&P 500 E-Mini (ES) futures market might experience a price change from 1314.00 to 1315.00, which would be a price change of one point. 20 TICKS PER WEEK = 80 A MONTH * $100 PER TICK = 8,000 A month MAKING 8,000 A MONTH WITH 100,000, almost 96 % a year without compounding
You think you are the smartest trader in the world? Read what Renaissance did and told: Source Wikipedia: Renaissance's flagship Medallion fund, which is run mostly for fund employees,is famed for one of the best records in investing history. From 1994 through mid-2014 it averaged a 71.8% annual return. Now I apply your billionares logic on it. According to you that is impossible because then they should have generated already over $ 2,200 billion in profits in 30 years, if started with a louzy $1 million capital. And they clearly did not make that profit. So they are fake according to your billionaires logic. Source Wikipedia: By October 2015, Renaissance had roughly $65 billion worth of assets under management, most of which belong to employees of the firm. So they should have had a payout of over $2,100 billion????? They have problems to manage more than $65 billion (was confirmed by them). This proofs that the lineair, eternal compounding that you use is complete nonsense. But you are probably more professional then Renaissance. Maybe tell them what they do wrong. All this information can be found here: https://en.wikipedia.org/wiki/Renaissance_Technologies The fact that you presume that I make 65 point every week shows again that you are an idiot that knows nothing about trading. I gave the result of 1 week only. Some weeks I have more some weeks I have less. Depends of what the market offers. Your eternal compounding is idiotique too. But you don't even understand that. Call Simmons and explain him what he is doing wrong. Send him your calculations. LOL. I will stop this useless discussion. There is no added value in it as you keep posting nonsense all the time.
First learn the basics about the Emini S&P and also the basics about math. 1 point in Emini S&P equals $50, or $12.5 per tick. You are really a genious, at least you think you are. So your $ 8,000 a month is only $ 1,000 a month. 80 ticks multiplied by $12,50 equals $ 1,000. At least that is what I learned at school. This leads to $12,000 a year, as 12 times $ 1,000 equals $ 12,000. Can you still follow? Or Is it already above your intellectual level? $ 12,000 equals 12%, as $ 12,000 divided by $ 100,000 is 0.12. If you take your sample of 120 months, or 10 years, you have to take 10 times the $ 12,000 profit to make the total. So the total profit is $ 120,000 in 10 years time, not compounded. Surely not billionaire yet. Surely not the 1.2 billion from your chart. Even compounded you will need roughly 20 years to make your first million. MILLION not billion. To make 1 billion at this performance rate you have to live at least 142 years after you started making your first 12% on 100K. So you should be at least 162 before you can die. You are really hilarious. But a waste of time for me. Good luck! You will need it. To become a profitable trader you need a lot of qualifications. Without knowledge of basic math you are a desperate case. That's the first problem you encountered already. And from what I see you will encouter a lot of new problems on the road.
Now it is all making sense 1 point in Emini S&P equals $50, or $12.5 per tick. You are making 10 points daily or 200 ticks weekly @ $12.50 per tick You claim you single mini contract will have liquidity and edge issues , if you divulge your 2 daily trends strategy to anyone . Your wife is a shrink , that makes you a phsychologist ?The forum thanks her for caring for you and letting u come on E T =entertainment
Not a single real argument to counter my postings. Is just confirming what I posted about you. You cannot read, cannot calculate, can even not answer any questions... the typical ET guru. On ignore. Will surely not miss anything relevant to trading.
Nothing lost either side ................but I did give you your 8 arguments back . Trading Psychosis
Thank you for the few helpful posts. TEB is clearly in his own multi-dimensional psychosis to include trading. I suggest stopping Mtrader, you're not going to make any progress. The solution I needed was already posted: time away, and a clear exit rules. For the past 7 years I lose sight of something simple in my trading (exit rules). Someone pointed out you always need to have a pre-planned exit, and I just didn't have that solidified in my head. I was just relying on my "read". Most of my recent study has been, where to enter, hence my entries are near perfect. I thought I made it clear, nearly every day I am in a position to make at least 500-1000 dollars in the midcap SP. It's just I don't have clear trade management rules. I came up with a simple R:R ratio that would work over the past 30 days+. I have gotten in the way of myself and because I'm so worried about how the trade turns out and making money, I cut every single winner, despite knowing I have a true edge trading as it involves reading price. Using previous price levels to predict future ones will always work. I'll post todays chart, just to antagonize the naysayers Once I put in a trade, I need to set my planned hard exits and remove myself from the equation.
There you telling me the answer to your problem .I am a trading phsychologist and a real trader , I learnt the behaviour of traders and trading phsychology ,after employing traders to put on high probaility system trades.They failed due to various flaws of the human mind. You can piss on me and shit on me , but I guarantee you , you will meet your demons again , then please start a new thread called trading phsychosis part 2 , then part 3 etc etc etc But I think I have some deep rooted psychological issues that probably go back to me having to work hard for everything as a child, or my parents being very strict on spending or allowance, or things of that nature. It in part has to do with the fear of losing obviously. I'm extremely afraid of losing what I have, even though I know there is a paradox, you have to lose sometimes to win, and you need to give yourself room (drawdown a lil) or you'll cancel all the good trades you take (me). You think you have found as rational solution on paper , but you have not found a solution to suit your COMFORT ZONE , AND YOU DO NOT KNOW YOUR COMFORT ZONE. It is like saying (what you just said ) I went to Forex factory and found 3,000 profitable systems , and I have found the solution to my losses .Why are all these goons on forex factory loosing and coming on E T? NOBODY LIKES LOSING , it hurts to lose , your post is tellling you have emotional issues You solved your technical system problem , but you never solved your real problem ,phsychological problems (these are in your posts , i can read them) Good luck