YM Magic!

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

  1. TheTrue1

    TheTrue1

    TRADE 10 CLOSED. +777
     
    #31     Mar 9, 2017
  2. Pekelo

    Pekelo

    Those are Collective2 screenshots, so most likely no. Also in the opening screenshots the column headers are slided one column away from the numbers, I am not sure why.
     
    #32     Mar 9, 2017
    BONECRUSHER likes this.
  3. TheTrue1

    TheTrue1

    TRADE 11
     
    #33     Mar 9, 2017
  4. Overnight

    Overnight

    How are you trading live money with data delayed by 20 minutes? That seems a difficult task.
     
    #34     Mar 9, 2017
    SunTrader and vanzandt like this.
  5. TheTrue1

    TheTrue1

    TRADE 11 CLOSED. +430
     
    #35     Mar 9, 2017
  6. TheTrue1

    TheTrue1

    I must point you to the lack of logic in your post. Please explain the "difference" as you stated, in trading 10k of a 100k account, when the trader is only trading 10k, but has 90k in reserve. The fee off 100 dollars a day is 100 dollars whether you have only10k in the account, or you have100k and only trade with 10k. The number of contracts traded were not changed. 90k sitting in reserve does not change the 100 a day. How one would arrive at this conclusion is, well....insane.
     
    #36     Mar 9, 2017
  7. southall

    southall

    Its called Risk of ruin.

    Risk of ruin is a concept in gambling, insurance, and finance relating to the likelihood of losing all one's investment capital or extinguishing one's bankroll below the minimum for further play.

    Obviously if you have 10K and high fixed overheads your risk of ruin is much higher than 100K.

    Risk of ruin doesnt even have to be 100% loss of capital. Pretty much if you have 10K and you are down to 3K it is game over. You very unlikely to come back.

    But going from 100K down to 93K or 90K is not a big deal, it is not ruin, it is a drawdown. You can continue.

    I hope you are not paying $3 or $4 dollars a round turn per contract. If you are paying much more than this i would urgently change broker.
     
    Last edited: Mar 9, 2017
    #37     Mar 9, 2017
  8. TheTrue1

    TheTrue1

    TRADE 12
     
    #38     Mar 10, 2017
  9. vanzandt

    vanzandt

    You'd do well to close that and go short.
    For real.
     
    #39     Mar 10, 2017
  10. TheTrue1

    TheTrue1

    You would do well to close your short position.
     
    #40     Mar 10, 2017