Took out a loan to transition to full-time trading. 24 years old.

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Old Oct 17, 2017, 10:09pm   #481
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Unjustified varied bet sizing is what shafted you . Just keep risk linear
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Old Oct 17, 2017, 10:15pm   #482
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Don't get me wrong I think discretionary traders should always have a sliding scale of risk: scale your risk to the conviction in the trade .

Imo that should still be small like from 1-3% , not like risk 50 quid one trade then 320 then next .

You also have to try work out your trade frequency . Are you taking 50 trades a day and maybe expect to lose 10 of those ? Probably makes sense to risk much less per trade in those circumstances so expected drawdown isn't huge .

Or are you a position trader taking 10 trades a year , maybe expecting to lose 3-4 ? Best to risk more per trade .
And so on etc
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Old Oct 17, 2017, 10:17pm   #483
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Wabu you should go back to demo . Plus I recommend you work out your theoretical gain/loss if you stuck to a flat risk per trade . That would eliminate your problems
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Old Oct 17, 2017, 11:24pm   #484
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Originally Posted by Kaeso View Post
25 yrs experience as a trader and yet you seem to have just picked a random thread to post a wanted ad for a trading partner ???
Originally Posted by Cyberraul Click the image to open in full size.
Hi, My name is Ray , you din't say what vehicles your are looking to trade, I trade mostly futures and have been doing so for 25 years ! It a very exciting but demanding field
How much time do you have available, would you be willing to take turns watching the mkt during evening hours . ET ?


He gave himself away with that line.

Last edited by David Knight; Oct 17, 2017 at 11:30pm.
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Old Oct 20, 2017, 7:23pm   #485
 
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Originally Posted by David Knight View Post
Originally Posted by Cyberraul Click the image to open in full size.
Hi, My name is Ray , you din't say what vehicles your are looking to trade, I trade mostly futures and have been doing so for 25 years ! It a very exciting but demanding field
How much time do you have available, would you be willing to take turns watching the mkt during evening hours . ET ?


He gave himself away with that line.

how was this line such a giveaway? i just thought the whole message was daft e.g. posted in a random thread
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Old Oct 21, 2017, 8:29pm   #486
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Honestly, if my trading experience, i dont understand what kind of maths doing here...

No one should trading if acurancy is nor more than 80%...
Only my opinion....

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Old Oct 22, 2017, 12:24pm   #487
 
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Originally Posted by RachasfromPortugal View Post
Honestly, if my trading experience, i dont understand what kind of maths doing here...

No one should trading if acurancy is nor more than 80%...
Only my opinion....

I seem to be following you around today. I'm not harassing you honestly!!!. That's my opinion. Although you are sharing many strong opinions back and within a very short time frame - ie, 15 posts within 24 hours - so it's not surprising you are getting responses. Some may argue that you are looking for subs and is why the somewhat heavy self promotion and youtube links. Of course I wouldn't say that, it's just other peoples opinions - in my opinion. #think I've overused that word for today.



Accuracy being over 80% as you put it is not necessary - and not normal. I know many traders - and when i use the term traders, I mean traders - that have ratio's well below 50% and still make money consistently.

Lee
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Thanks! The following members like this post: Kaeso
Old Oct 25, 2017, 4:08pm   #488
 
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Originally Posted by RachasfromPortugal View Post
Honestly, if my trading experience, i dont understand what kind of maths doing here...

No one should trading if acurancy is nor more than 80%...
Only my opinion....

This is not possible in the real world, unless you are doing HFT ...
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