YM Magic!

Discussion in 'Journals' started by TheTrue1, Mar 7, 2017.

  1. TheTrue1

    TheTrue1

    TRADE 5 CLOSED. +777
     
    Last edited: Mar 8, 2017
    #11     Mar 7, 2017
    lawrence-lugar likes this.
  2. TheTrue1

    TheTrue1

    TRADE 6
     
    #12     Mar 7, 2017
  3. Buy1Sell2

    Buy1Sell2

    Over-trading
     
    #13     Mar 7, 2017
  4. TheTrue1

    TheTrue1

    TRADE 6 CLOSED. +392
     
    Last edited: Mar 8, 2017
    #14     Mar 7, 2017
  5. Is this with real money?
     
    #15     Mar 8, 2017
  6. TheTrue1

    TheTrue1

    Thank you. And your standard is? What's amusing is...the slew of traders who follow some standard of parameters for trading. Yet the majority of them aren't profitable. Go figure...
     
    #16     Mar 8, 2017
  7. TheTrue1

    TheTrue1

    Will do.
     
    #17     Mar 8, 2017
  8. southall

    southall

    Please be aware of effect of commissions on such a small account.

    You seem to be missing $98 on each PnL. Is that commissions?

    Averaging 2 trades per day pay paying $98 per trade, is 50K a year!!

    Im not sure if many traders can jump such a high hurdle.

    Even paying $4 per contract is a lot for someone doing 7 contracts per trade and 2 trades per day, 250 days per year = 4*7*2*250 = $14,000 per year

    $14,000 a year is also high for a $10,000 starting account.

    Your broker will love you though.
     
    Last edited: Mar 8, 2017
    #18     Mar 8, 2017
  9. TheTrue1

    TheTrue1

    TRADE 7
     
    #19     Mar 8, 2017
  10. TheTrue1

    TheTrue1

    TRADE 7 CLOSED. -378
     
    #20     Mar 8, 2017