As "Grob109" states about removing money (profits) out of the trading account. I do the same thing at certain level of profits. Some persons can trade big numbers just as profitable as when their account was smaller with no problem. Whenever i ran the acct up past a double, i would start to get sloppy and mess up. This was a signal to the noogan that something needed to be changed. I decided that this was another step in "knowing yourself". Maybe i was not meant to make a lot of money at once....HA I remember a trader at the CBOT said to me: Some people get to a certain level and have a inherent habit in blowing themselves up, some people were not wired to do bigger numbers. Sounds goofy, but i get to 50k and screwed up a number of times. Then reconditioned myself and the account.....helped a lot.. Thanks for the post, it refreshes me also......
Don't seek the Holy Grail: There's no secret trading formula other than solid risk management, so stop looking for it. buzz
It is system that never fails........isn't it? works same any market doesn't it? any time frame? find that and u have it?
buzz, I subscribe to your opinion. There are several quite different methods of extracting money from the markets, but all should have the same denominator: good money management: saves your skin when you're a market newbie keeps you in the market long enough to find your edge and brush it up allows you to extract the maximum amount of money from the market once you have a profitable system protects your gold nest from black swans and system degradation
Fade yourself: The best opportunities trigger in the opposite direction you want to trade. Think contrary and make money
Here is my Trading Holy Grail: In trading, all things can go wrong - the buyers, the sellers, the analysts, the advisors, the corporations, the regulators, the brokers, the hardware, the software, the prices, my decisions, and finally the markets.