aliassmith wrote:Pro,
You might never slay your inner demons fully. Looks like you can put points on the board well. I do have a solution to your issue. It was something MightyOne mentioned and I also see Nick Shawn on youtube do it. I believe IgazI says the same in a way.
Lets say you start with $600 to trade micro NQ (MNQ).
You basically trade with your ballz out risking it all.
Your goal is to double it.
Remove 40% of the account and start again.
I watch your posts but I don't know your ratio of blown to double ups.
If the ratio is good then this could be your solution.
Start with:
$600 then
$700
$800
$1000
$1200
$1500
etc.
If you blow up 1 out of 5 times, then you are golden.
Been thinking about that for a long time. Well over a year.
I "rarely" blow an acct. On relative terms. lol
One last week and one this weekend on BTC.
Like, the first frigging trade Fri after close then was good the entire rest of the weekend. hahahahha
I can 50% an acct pretty easy in the AM.
BUT it needs to be able to go from 2 micros to 6 and in an emergency up to 12 so not sure what size act is required.
I'm getting a lot better taking the big stones instead of impulse chase.
All the trades I took today only added 2 times and then took profit shortly there after. Both would have easily hit original tp without much drawdown.
My plan is to double. remove. double remove.
Larger acct. more lots
Dbl remove dbl remove.
Larger acct more lots
Continue until my lot size compared to acct size makes losses a laughing matter. (increased acct size but slowing lot size increases)
Dave used $600 to make $1k every day Hanko YM and Oil.
Do that a few times and blowing a $600 acct be a laugher.
Pretty soon trading $1k then $2k then $5k base and it's still a "laugher". when blown.
Who knows what's going to happen though.
5 pips n dip, May just start using a stop.
hahahahah
