20 /30 profitable Dow Dax weekly 100 ticks profit

Jumped the gun :Impatient .

Took a 10 tick risk and entered early .Top two trades for long .Exit 1.2340

Here I am focusing on limiting risk and protecting capital.That is all I do.

After learning here.Very good advice.

http://www.trade2win.com/boards/psy...08-professionals-vs-amateurs.html#post1278670

I thought it was worth repeating a quote (from John Carter maybe ?) in view of all the discussion lately on 100% and all that. Here it is:

Professionals focus on limiting risk and protecting their capital. Amateurs focus on how much money they can make. Professionals always take money from amateurs.

good trading

jon
 
Whats the spread at that time of day?

on options 3 , on cash 1 on dax

on dow 4 + 2 on cash

Concentrate on how much you can make , profitable businessmen know others have to make money.If broker makes 6 and I make 20 I am happy , after losses if broker make 12 and I make 20 I am still happy.

Broker spreads avoidance does not always give greener grass results.
 
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closed trade +20 , so -6 cumulative for week.

Had two losing trades today -40 = -46

Managed to pick two non system trades on Dow to make up for that.

not always able to explain , but there were system dow opportunities to earn 20 which I missed , due to body fatigue.
 

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open trades

non system got side tracked from system.A dow butterfly

A leopard never loses its spots.Concentrating on this method would have give +40 today less 2 losses on dax , so b/e
 

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long dax 12283.8 long 12340 put for 60

risk 4 ticks

Professionals manage risk
 

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Had two losing trades today -40 = -46 this week

.

long dax 12283.8 long 12340 put for 60

risk 4 ticks

Professionals manage risk
Update

Closed last trade for +20 , so net for this week is -26 on this method

there are 2 other trades open , they could lose - 40

Most traders are not prepared for losing , they can't handle losses , so they lose more.

I also have a weekly call option open

I listen to youtube videos between trades.

 

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long dax 12283.8 long 12340 put for 60

risk 4 ticks

Professionals manage risk

I can't be bothered to explain to you but surely you can work out at some stage on your own how that method of trading is so so bad.

You have a calculator or even a pad and pencil.
 
I can't be bothered to explain to you but surely you can work out at some stage on your own how that method of trading is so so bad.

You have a calculator or even a pad and pencil.

:LOL::LOL::LOL::LOL::LOL:

I know exactly how you trade your emotions , I will leave that to geniuses and professional forum traders .

A professional can see forum amateurs trading their emotions in the ftse amateurs thread.

http://www.trade2win.com/boards/indices/120172-anyone-scalping-ftse-futures-10359.html#post2939222

I don't trade emotions , you do.
 
I opened another trade 4 ticks risk .the last one made +20

So risk reward = 1 to 5.
 

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Here please teach me Nick

Open trades and closed trades
 

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there 5 incl spread maybe 6 ticks

If I have nothing to do one day I will explain the error here for you.

Surely you need to think yourself tho, just once.

You took your position to go long presumably, so at what level does it need to hit for you to make money? I know the answer just trying to engage your mind here.
 
If I have nothing to do one day I will explain the error here for you.

Surely you need to think yourself tho, just once.

You took your position to go long presumably, so at what level does it need to hit for you to make money? I know the answer just trying to engage your mind here.

I know exactly what I am doing here !

It has to hit 12350 to make , probability is low .

At the money options I already have positions .If I buy at the money I pay 20 ticks , so if price goes to 12340 I will make 20 , risking 20 to 20 .

In my trade , if volatility breaks out , I will make 20 for 6 risk.

I have weekly calls at 12300 , that is open till friday.

You have risked few hundred ticks for your 4 positions , that makes you amateur
 
I know exactly what I am doing here !

It has to hit 12350 to make , probability is low .

At the money options I already have positions .If I buy at the money I pay 20 ticks , so if price goes to 12340 I will make 20 , risking 20 to 20 .

In my trade , if volatility breaks out , I will make 20 for 6 risk.

I have weekly calls at 12300 , that is open till friday.

You have risked few hundred ticks for your 4 positions , that makes you amateur

You showed two trades and said they were related, so can you explain just that, what you had for breakfast and weekly is not relevant here. Just explain the payoff's on the trade you used as your 5/1 and lets start from that.

I think you will struggle to make it coherent and worthwhile but I will help you out if you make the effort.
 
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