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Search: Posts Made By: monpere
Forum: Psychology and Money Management June 23rd, 2011, 04:53 PM
Replies: 125
Views: 36,375
Posted By monpere
You said "Thats level 1 just a gut feeling. level...

You said "Thats level 1 just a gut feeling. level two are risky trades...". I'm not even gonna tackle these, I will let your fellow discretionary traders offer their comment on these.

I will...
Forum: Psychology and Money Management June 23rd, 2011, 03:39 PM
Replies: 125
Views: 36,375
Posted By monpere
On the psychological aspect, whatever script,...

On the psychological aspect, whatever script, mantra, or ritual that works for various people, I think they should use it.

A couple of other comments. First, if a trader has trades he rates 3...
Forum: Psychology and Money Management March 8th, 2011, 09:16 AM
Replies: 125
Views: 36,375
Posted By monpere
There is no way you can trade, and not have...

There is no way you can trade, and not have losing trades. There are no systems that don't have losing trades. There are 2 key success factors to trading, 'Win Percentage' and 'Sharpe Ratio'. a...
Forum: Psychology and Money Management December 17th, 2010, 04:40 PM
Replies: 125
Views: 36,375
Posted By monpere
I think that quote is referring to those few with...

I think that quote is referring to those few with some special inexplicable talent, who can innately make judgment calls on the market and be correct most of the time. For the rest of us, as long as...
Forum: Psychology and Money Management December 13th, 2010, 06:45 PM
Replies: 125
Views: 36,375
Posted By monpere
There are some interesting mini/micro futures...

There are some interesting mini/micro futures contracts like Gold: YG at $3.32 per tick, Mini Russell 1000: RF at 5$ per tick.
Forum: Psychology and Money Management December 13th, 2010, 06:02 PM
Replies: 125
Views: 36,375
Posted By monpere
Both.. Hahaaaaaaa!

Both.. Hahaaaaaaa!
Forum: Psychology and Money Management December 13th, 2010, 10:50 AM
Replies: 125
Views: 36,375
Posted By monpere
Trading Live vs Sim to Shagging vs Wanking...

Trading Live vs Sim to Shagging vs Wanking analogy... I love it ;)
Forum: Psychology and Money Management December 12th, 2010, 03:49 PM
Replies: 125
Views: 36,375
Posted By monpere
Agreed. I had the same issue, so I started...

Agreed. I had the same issue, so I started trading the YM, NQ, and 6B as well, and still do. The other thing I did, I initially tested my method with the ETF equivalent of the futures contracts. ...
Forum: Psychology and Money Management December 12th, 2010, 03:36 PM
Replies: 125
Views: 36,375
Posted By monpere
I use a 4 Range chart. I enter at the close of a...

I use a 4 Range chart. I enter at the close of a bar. My stop goes 1 tick behind my entry bar (which is actually 5 ticks, but gets moved to 4 ticks once I I get 1 tick profit in the direction of the...
Forum: Psychology and Money Management December 11th, 2010, 10:59 PM
Replies: 125
Views: 36,375
Posted By monpere
IMHO, I think if NQ. YM, and 6B are working for...

IMHO, I think if NQ. YM, and 6B are working for you, then continue trading them, and just add more contracts, to increase your profits. Don't assume that the method that you are using on these...
Forum: Psychology and Money Management December 7th, 2010, 09:13 AM
Replies: 125
Views: 36,375
Posted By monpere
I tried out the CL today with my YM strategy. ...

I tried out the CL today with my YM strategy. Started trading 8:00am EST, reached my daily goal with 4 winners by 9:08am !!! ;) Looks promising! Have to try this beast out some more and see. I...
Forum: Psychology and Money Management December 6th, 2010, 10:04 AM
Replies: 125
Views: 36,375
Posted By monpere
I have a small account, so I need to trade...

I have a small account, so I need to trade cheaply, hence I chose the YM, and trade 1 contract. I generally reach my daily goal by noon, and then switch to sim. Because of my personality, I have...
Forum: Psychology and Money Management December 4th, 2010, 12:13 PM
Replies: 125
Views: 36,375
Posted By monpere
I had the same ah-ha moment, when I got the...

I had the same ah-ha moment, when I got the gumption to change my trading plan to go from a 1:1 reward/risk ratio to 3:1. My struggling, barely break even methodology turned profitable overnight. ...
Showing results 1 to 13 of 13

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