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Mighty's Plunge with TST/5 lot Combine


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 Mightynorsman 
Albany, New York, USA & sometimes Central Florida
 
Experience: Intermediate
Platform: Tradovate+Jigsaw, TOS
Broker: Tradovate/CQG, TOS/Pony Express
Trading: Energies, Indexes, Grains
Posts: 162 since Mar 2016
Thanks Given: 551
Thanks Received: 363


rleplae View Post
What instruments will you trade ?
What is your edge ?

Knowing your weak points, recognising them, actively working on them, is a already have of the cure
to address the issue I think.

I agree very much so. I will mostly be trading CL but possibly ES ZC and ZS.

In wanting to answer what my edge is I think I would have to say right now part of it is my avoidance of large losses. It sounds profound to say my edge is to not take a large loss but by seeing the value of that in a small sample of my trading it has taken me from being a trader that blows up any account I may have grown, to becoming a trader that watches small wins pile up. In reality it is just the Risk to Reward issue, except I guess I always struggled to define it before hand. After seeing what wins were possible in my "strategy" I focus on keeping my risk proportionate to the profits I have been able to take. Basically coming at it from the back end instead of the front end.

This is probably just more wording but it encapsulates what I'm trying to say - I cannot control how much the market rewards me, but I can control what I would allow the market to take from me. Therefore if my wins are averaging a certain amount I must keep risk proportionate to that.


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