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Yes, as previously stated in past comments, it has been harder for me trading just 1 lot on a small account. Because you can't really scale out and book profits along the way which I find easier for mind and soul to put something in your pocket and be happy So overall that has been the hardest for me over the past month.
On you second question, yes I have been profitable but just barely and it's enough to pay bills and survive from it. However, it's not that I can just make 10-20k a month and don't worry about money as I'm still working on my patience to take out more out of the market. My issue has been and still is to look for larger profits and just stay in the trade much longer.
And yes most of the time when I'm profitable and reach my daily goal, I would then just stop trading and as the past has showed me when I was profitable for the day and then lose it all again to zero, then I did get very upset and start revenge trading, which then just leads to more losses. However, it also prevents me to turn a good day into an amazing day profit-wise. So it's always a trade off and I guess, it's also due to fear of losing and not being confident and aggressive enough.
Yes it is a live trading account with real money. I hope you can turn your FTP with topstep trader around and continue trading with them. Best of luck to you!!
Exactly, the goal was reaching 1k for the month with a 1k max risk. Of course, 1k on CL isn't really big and I'm not too fuzzed about it. However, it shows that CL might not be the right instrument for a tiny account as you can lose and win big. Hence, the account can quickly deteriorate.
yeah I prefer shorts overall as these moves are normally much faster and it's easier for my patience issue. Normally it's elevator down and steps up. Of course, that is a problem if we have slow grinding days up as I will start to look for reversals and we might don't see any and then I'm just wrong and get stopped out...
I see that you have 11 members following your CL efforts. Hopefully, we can get everyone engaged in the CL thread.
The CL Crude-analysis Thread
I will create an album of my ThinkOrSwim results for my trading plan. There is a lot of detail that may help others get some insight. Most of it paper trading but also several live trades generating over $6,500 in profits to then blow it by improperly dealing with personal issues.
How much did you lose on your bet ?
I think its less than you lose on worst day of month of July.
EGO, we all have egos, I think you wanted to prove that you can make money.
I also had good run 17 days without losing and up 32 % and then
3 days happened, month of July up only 7 %