you gotta read that article on mark bolling if you think that's a big loss that guy is insane can u imagine being up 2 million? on the DAY
Yes but with that type of trading you are also open to being down huge on the day. It all boils down to probability. If there is a 70% chance you will make N on a trade and 30% you will lose a N then let the numbers play out and you will end up profitable over time.
===================== 100 contracts at first glance doesnt sound leke much does it; I mean after all, many houses /lands run in 6 figures/more Saxon22; Another way to study it, each ES contract=more than $$,$$$50,000.00.Multiply by 100 contracts. I wish paper trading equals real time; but not so. It does help however.Cool. In other words, ever looked at insurance companies & how they make money on risk ??????? I am glad my insurance co never knew i drove drunk as a teen; watch this.They really rightly up the premium[$$$$] for high risk sectors like teens & drunk drivers. i am not saying all teens drive drunk like i did, but you get the high price risk point. Wisdom is profitable to direct.
I am getting closer to my fist battle. As soon as I enter I will post in the P/L thread. You should do the same mate!
Yeah good luck with your "fist" battle I think that was a Freudian slip from your battles in the trailer park Ya toothless redneck git
As always I can count on you to bring this unique level of conversation. As for freudian slip, you sure catch them quick. I hope your fisting battles are in safe and lubricated environment. As for my teeth, do not confuse me for the guys from the outback. You got some beauties there, I tell you, especially around Alice Springs. They take the CAKE baby!!!!!