YM Magic!

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

  1. Millionaire

    Millionaire

    He blew up paper trading demo accounts and trading real money is at least 10 times harder than demo trading... you have to ask what chances does the average person have of making real money by day trading?
     
    #721     Jun 18, 2017
  2. TheTrue1

    TheTrue1

    Screenshot_2017-07-31-20-41-02-1.png
     
    #722     Jul 31, 2017
    vanzandt likes this.
  3. Oh boy....I trade 300.000 E-Mini S&P contracts a month and you won´t believe it:

    I am still "profitable".....LOL!

    Your math is fundamentally "flawed" and your "thinking", too....:D
     
    #723     Jul 31, 2017
  4. algofy

    algofy

    Let the games begin again.
     
    #724     Jul 31, 2017
    vanzandt likes this.
  5. vanzandt

    vanzandt


    57e4a9a93a22f984874d66e7d78feded--roman-gladiators-bing-bilder.jpg
     
    #725     Jul 31, 2017
  6. southall

    southall

    All traders have losing or break even spells.
    If you hit a 3 month period where your trading is breakeven but you are paying 40% a month of your account in commissions then you will be wiped out, there is no getting around the maths.
    Thinking you will always be profitable enough to cover 40% commissions every month is naive newbie trader thinking.
    Even paying 20% per month is way too much.

    The OP can keep repeating his experiment, in the end the commission from averaging around 10 trades per day (on 5+ lots) while trading a very small account will always get him in the end.
     
    Last edited: Jul 31, 2017
    #726     Jul 31, 2017
  7. Buy1Sell2

    Buy1Sell2

    Wonder why folks think they have to make so many trades?
     
    #727     Jul 31, 2017
    Pekelo likes this.
  8. southall

    southall

    The illusion that the more trades you make the more profits you will make.
     
    #728     Jul 31, 2017
  9. JackRab

    JackRab

    And because that's how HFT makes money, and everyone thinks they can do the same...

    I'd rather wait and not do anything for 2 days than try to take 2 ticks 20 times a day...
     
    #729     Jul 31, 2017
    johnnyrock likes this.
  10. Buy1Sell2

    Buy1Sell2

    I think there might be another reason as well.---The quicker someone can get in and get out, the less chance they feel they can be hurt.
     
    #730     Jul 31, 2017