prochargedmopar wrote:aliassmith wrote:
Wonder how he does that when he only needs 24 points a day.
I doubt I can do that in 1 day.
Think of it like this: EDIT: says he only needs 24 points a WEEK!
He has a "large" account that he can use $400 per point with.
24 points is $9600 per week. That pays the bills.
He can WAIT for a good setup he is pretty sure will go the 24 easily.
NOW, the rest of the week?
The other morning he did a silent zoom where he marked up about 950 points in trades over a few hr period.
Then right when he came on stream he said oh look, the last entry went 150. LOL (1100 total)
Now imagine taking a $800 account and trading $10 per point daily for FUN.
It use to be $600 but they have raised the margin requirements to something like $615 per $10 contract.
So with a 17 point cushion on the first scalp of the day it's all gravy after that. (as long as the first one is a win, LOL).
100 points is $1k, but if make 40, up it to $15, etc. You get my drift.
So the way he does it is to continually raise lot size within reason as the day goes on.
At the end of the day. Cash out.
Next day $800 and start again.
This is for "fun" and to keep skills on point. Could make an xtra $5k a day on accident with an $800 risk. LOL
AFter a few weeks or months of doing that $800 would be looking like 80 cents to me. hahahahahaahah
