Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
In response to the criticism: This guy clearly has balls. I traded similarly before and of course sometimes I got smoked big time. But who cares if in the long runs all the profits from those good days together are higher than the occasional rip?
I agree he has balls of steels to do this live and he's killing it! and it gives me the excitement when I see him kill it. it's like that girl from deadpool 2, somehow always finds herself out of death's hand. haha. honestly though, if you're making money then keep rocking! I can't even do that with a one lot LOL. I apologize if I came off too harshly, but I think you got that girl's power LOL
I agree with you in absolute everything. I don't get too emotional as it seems, but I tend to write here about extreme feelings. For example, right now I started with 3 short trades with 3 contracts and I'm holding a bigger position with 15 contracts. The short trades were relatively "easy" (with "small" profits) and I don't fell like I want to talk about them.
I think everyone was even kind in the words so far (of course there's moderation here ) But my self criticism is hard too.
By the way, I always keep mental stop gains and loss, but they're a "fluid" concept (trying to be philosofical here ), so I'm always mentally adjusting them (I know, I know ... while I was writing this it sounded to me like cr@p too).
Trade how you want to trade. As long as your PNL curve is heading north, its working for you. If it is not heading in that direction, it would be wise to reduce the amount of exposure. Thats all I'm gonna say about that!
About 7 or 8 years ago, i heard about a crazy silver trader, trading at Infinity futures, got his account above $10 million in a year, when silver was dancing big. May be you should try to do that. Go Bruno!
I left the last lines I drew (as I've saide before, I'm always dinamically drawing/removing those lines). I use every time frame I fell comfortable to do my analysis (from daily to 1 minute). So many "dimensions" (or "degrees of freedom") that I use to trade come at a cost: high stress level. But not because I "trade" my PnL and/or my emotions. It's just stressful enough to analyze an ongoing market (and "against time").
From now on:
1) I'll wake up every trading day at the same time (I'll start trying 5-6am) and stablish a routine;
2) No more iphone/ipad trades;
3) I'll work with a protective stop order against "catastrophes" (far away "out of the money", of course). As every tick changes the market perspective for me, I don't feel comfortable with the regular process ("analysis->target + stop loss->wait->that's it");
4) 20 contracts maximum size (I think TD Ameritrade agrees with that too ), just because I like it and feel comfortable with a 200 bucks tick (up till now);
5) I've to grasp the concepts of the oil market ("WTF!!! How are you trading a derivative of something you don't even know about!!! Burn in hell, heretic creature !!!"). That is not to say I'll not follow the news, but I should have a general idea of what's going on. I'll search for a podcast, magazine etc specialized in the oil/energy market.
Good to know! I'm 62% (net) up since September 5 (now a 5 figures marging account). Maybe I should try 30 contracts soon to take advantage of this lucky trend . About 2.25M dollars in notional value do not scare me (ok, I'm just kidding... )