Hi MM - Yup, I've tried many things for the past 10+ years (full & part-time) and this is what's working for me now. I've blown 3 accounts, as part of my education.
I'm 7+ years into this and have started to see *monthly* profitability but I lose almost as much as I win and still have a few losing weeks.
I very much recognize what seems to be your basic style (6 tick stop, 5-6 tick target, adjusted for any change in the situation). Very similar money management at my end...the idea of failed patterns are similar too! Feel free to check out my last video if you're interested: https://www.youtube.com/watch?v=Cv_IIuIbL1E
I still have some emotional/mental challenges with trading more than 1 contract. With just 1, this obstacle is mostly removed. Not sure if my decision-making would be the same if I were trading 3, 5 or 10 at a time. Thanks for the link.
++4_22_2014.jpg "ES chart 4/22/14")
Hi PT,
ReplyDeleteUnless I've missed something, are you seriously saying you haven't had a losing day since October?!?
Hi MM - Yup, I've tried many things for the past 10+ years (full & part-time) and this is what's working for me now. I've blown 3 accounts, as part of my education.
ReplyDeleteThat's pretty amazing!
ReplyDeleteI'm 7+ years into this and have started to see *monthly* profitability but I lose almost as much as I win and still have a few losing weeks.
I very much recognize what seems to be your basic style (6 tick stop, 5-6 tick target, adjusted for any change in the situation). Very similar money management at my end...the idea of failed patterns are similar too! Feel free to check out my last video if you're interested:
https://www.youtube.com/watch?v=Cv_IIuIbL1E
I still have some emotional/mental challenges with trading more than 1 contract. With just 1, this obstacle is mostly removed. Not sure if my decision-making would be the same if I were trading 3, 5 or 10 at a time. Thanks for the link.
ReplyDelete