risk management is paramount
- Joined Dec 2018 | Status: Member | 881 Posts
Insanityoing same ting over expecting different results..Einstein
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Disliked{quote} I really liked the winrate to losing streak table as it gives a grim reality of probabilities involved in trading. With that said, we as retail traders really cannot gain much insight (we can learn, educate etc) into how pros deal with drawdowns. They have an army of "support structure" in place plus they EARN a constant stream of "residual income" from fees, books, seminars, websites, newsletters etc. We don't!. Drawdown is ABSOLUTE to our bottom line. It stings like a porcupine up my butt and no amount of "rely on stats and ride the bronco"...Ignored
DislikedE micro futures sucks, no liquidity around London open. I think better to stick with cfd platforms. I plan to run positions overnight, futures not a way Forward for my system. F***k going back in circles again.Ignored
Disliked{quote} Micros will eventually pickup imo but NOT for non-US population. It will remain a good option only for US traders coming from spot FX. I am not sure if i would want to trade a US stock index during London session. There will always be low liquidity unless you are trying to trade small and catch 100+ ticks in trend. Sorry bro. I am also going in circles big time in my journey. There is nothing that fucking works on a longer term basis. Very frustrating but atleast we are not spending a dime to markets (self-consolation but a complete waste...Ignored
Disliked{quote} HAHAHA>>. My first and last day at micro futures Perfect start with max loss . {image}Ignored
Disliked{quote} I am really sorry to read this i know all the work you have done on demos since you blew the 5K account in just a few days....I have my share of blown accounts also so thats nothing we all havent encountered...I hope this account wasnt to big and that you are able to bounce back and set up another live account even its even just a centaccount you get a feeling on how to manage your risk better....Live trading is only ting that make you become a real trader so brush off and get back in sadle...Good luckIgnored
Disliked{quote} HAHAHA>>. My first and last day at micro futures Perfect start with max loss . {image}Ignored
Disliked{quote} better to lose 3 digit than 5 digit bro. Hopefully it will become a good playing ground. Why not stay with NYSE session instead of London? I might join you as well soon as I need to start trading live soon.. too much of market replay is spinning my head from right to left lolIgnored
Disliked{quote} Yes bro, Same strategy can be done with NYSE, but bigger stops and different strats need to work on them. No plan to fund 4 or 5 digit accounts this year. I just need to focus on finding few more strategies, test them to find an edge if I ever will. 10k next year, if all goes well 25 more the year after that's all I can afford in this life. If I fail after all these years, at least I want to fail better aka do the right things still fail. No regrets. Until then just practise and dreamIgnored