It is all relative to how much you want to make, what time you will dedicate, and how serious you are about losing your family's money. You are talking mostly rubbish, and I know that for a fact. You make money by the simple act of buying and selling, and there are several ways to effectively make money with a small $ account, but as mentioned, it is all relative. For example, you can trade long only ES options with a non margin account, and you do not require anywhere near $100K to do this effectively. If you trade only 1 contract, with a delta of at least 0.25, then you can very easily set a realistic target of $100 per trade, with a maximum risk of around $250-$400, which will only happen if you are stupid enough to stay in a losing trade and hold till expiry if the trade goes against you. Of course, no matter what market you trade, you must still know how to read charts, as that is the best way to see what price is actually doing right now You can not go around making silly statements like you are making, as they are just not true, and as per my pervious post, be careful what you say, as you might just cost some people a lot of money by listening to stupid things that have absolutely nothing to do with the reality of trading effectively. Do you actually trade at all? J_S
I classify you as a bot boy..., with a theoretical system..., tested..., yet unproven - trying to drum up clients Anyone with an extra $650k sitting around gathering dust And I quote "- It works in every market situation by autom. adapting to the new situation. It tries to detect and avoid flat markets as this is poison esp. for options." http://www.elitetrader.com/et/index...rading-long-only-options-system-sys13.297294/ Fuck me RN
As always RN, you are vg at looking and seeing I do not even bother to check them out anymore, as I can tell the minute they open their mouths what they know, and do not know, and this chappy knows SFA about trading, and.... That is very OBVIOUS J_S
I do not usually do this, but as we are actually talking about serious stuff tonight, well, most of us anyway, I will state, what I believe to be a very important abbreviation that can dramatically change your trading for the better, if you but open your eyes, and are willing and able to do the same thing over and over, without fail. The very important abbreviation, which some will know, but may not yet have recognised the full extent of its effectiveness, is... HWB This alone, can transform your trading results overnight, if you are smart enough to see what you need to do, which is so simple, you will probably not believe it. The reality, is that most reading will have forgotten about it by tomorrow, as we have already gone thru the way most people think and operate, so, unless you are one of the very few that is actually committed to changing what you have, do not get excited bout this, but if you are, then you can send me the new yacht for X-Mas J_S
Just tell me: how else should that be done else in practice? Do you mean I should trade it first and prove that it works, and only then offer it to others? What a silly procedure that would make up! Because then I wouldn't need to offer it anybody as then I would have enough capital myself... People, do me a favour and think a little bit logically... I really don't get what you mean. What's wrong with the statement? Just eloborate what you mean.
J_S Are you saying that, now that you looked inward you are now profitable overall over each full year since ? I appreciate your post #4819 it speaks the truth, this post mine here is not meant to put you on the spot in anyway only to understand ones change process.
DDR You didn't ask - but for me 100% Yes Sir I only had to get out of my own stupid fucking way first - in order to find it Yes I had to learn skills..., a language..., and how to be a good loser - but the ultimate answer to consistency - was (in) me RN
Good to hear RN In my previous post I mentioned trading is only made harder by the trader. So I'm on the same page. I've also heard that just changing time frame to trade or instrument. I will admit index futures can be quite harry
TF choice is just that..., a choice PA is the very exact same on all TF's - no matter it a 1M..., all the way through to a 100Y chart..., or longer Pick one (or ones if you use MTFA) that: Fit your personality Give you a good read Make sense for how.., and the frequency you trade Do not turn you spastic =============== A particular TF / TFs - won't automatically make one consistent.., nor profitable The wrong one / ones will absolutely make one confused..., irrational..., prone to screwing up..., over trade..., unable to see / read / decipher correctly..., lose one's perspective / bearing RN