Aliassmith Beats a "Dead Horse"

[Yirbu]

Made 60 points on US30 since the US markets opened in 10 minutes. Maybe I should be one of those guys that trades the open and thats all.

Probably not since I actually like trading.

Lets say that the US30 is $4 per point on a $20,000 account. I made 1.2%.

Edit: After I wrote this +14 more.

Nice!
Only trading during US open would be a punishment for you as you, ha, ha.

I couldn't really trade today as I was driving my wife around because the public transport is on strike and she hasn't got a driving license. This was really testing my patience as I wanted to trade my new account.
Did a couple of test trades with reduced risk parameters as you suggested and then took a little over 1%.
As I am also the cook today I guess that was my trading day.

1% is good enough for day 1 as time is on my side

Was you a taxi today also or did you hit -5%?

Ha, ha....Nooo not -5%...I did trade half a day but lost my 1% and wasn't able to make it back so I am back at BE.
Today I will see if London has some opportunities.
I don't have a very good track record of trading on NFP day so I might skip if price is not moving the way I like it.

[aliassmith]

Nice!
Only trading during US open would be a punishment for you as you, ha, ha.

I couldn't really trade today as I was driving my wife around because the public transport is on strike and she hasn't got a driving license. This was really testing my patience as I wanted to trade my new account.
Did a couple of test trades with reduced risk parameters as you suggested and then took a little over 1%.
As I am also the cook today I guess that was my trading day.

1% is good enough for day 1 as time is on my side

Was you a taxi today also or did you hit -5%?

Ha, ha....Nooo not -5%...I did trade half a day but lost my 1% and wasn't able to make it back so I am back at BE.
Today I will see if London has some opportunities.
I don't have a very good track record of trading on NFP day so I might skip if price is not moving the way I like it.

Thats good. If you can at least end your 30 days in profit thats a minor victory

[aliassmith]

Made 5 points. The market is slow. I just noticed its going to be NFP so Ill take the day off.

I would have to throw my phone in the garbage disposal and toss my computer out the window to stop trading when I say I am. I loaned my ipad to my mom so that won't be an issue.

Up to 25 points today.

Ill try to stop again.

[aliassmith]

I tried trading a trial on E8funding today because I was thinking to do a "real" trial this week.
It all looked good and they have a very slick looking dashboard but because I had some losses I was watching everything as a hawk.
The first part of London everything was fine but the second part I started to get connection issues.
Nothing is moving and eventually you find out the connection is gone...
During and after London lunch it happened so often I started to freestyle trading because I didn't want to trade with them and eventually I blew the trial account (by €5,-).
Unfortunately the account locks up so I can't try again tomorrow.

Make sure you set your phone up with mt4/ mt5 depending on what you use. Then whatever prop account you are using needs to be setup on the phone as a back up to your internet. I had to use it before when my power went out or my internet went out.
An ipad with data is also a nice backup.

[Yirbu]

I tried trading a trial on E8funding today because I was thinking to do a "real" trial this week.
It all looked good and they have a very slick looking dashboard but because I had some losses I was watching everything as a hawk.
The first part of London everything was fine but the second part I started to get connection issues.
Nothing is moving and eventually you find out the connection is gone...
During and after London lunch it happened so often I started to freestyle trading because I didn't want to trade with them and eventually I blew the trial account (by €5,-).
Unfortunately the account locks up so I can't try again tomorrow.

Make sure you set your phone up with mt4/ mt5 depending on what you use. Then whatever prop account you are using needs to be setup on the phone as a back up to your internet. I had to use it before when my power went out or my internet went out.
An ipad with data is also a nice backup.

Thanks! That's a good tip.

[aliassmith]

I traded US30 the last 3 days since Yirbu was considering it.

I made 232 points scalping. Nothing stellar but its good enough.

So the trial is $20,000. To stay out of trouble I like $4/point.
That makes $928 which is 4.6%. Another 3 to 5 days phase 1 is complete.

Yes 1% a day is more than enough to pass both phases and maintain a live account. 250 US30 points a week.

Balancing your daily Drawdown and gains are crucial to success.

[Yirbu]

Yes, you do have the skillset. So far I have 1.5% loss today.
It's all about trying to get the right skillset

Nothing is moving so it's better for me to wait until after NFP or Monday instead of collecting more losses.

[aliassmith]

Yes, you do have the skillset. So far I have 1.5% loss today.
It's all about trying to get the right skillset

Nothing is moving so it's better for me to wait until after NFP or Monday instead of collecting more losses.

Knowing what to do is one thing. Execution is another. Practice, reflect, practice, refeclt, repeat.

[IgazI]

I traded US30 the last 3 days since Yirbu was considering it.

I made 232 points scalping. Nothing stellar but its good enough.

So the trial is $20,000. To stay out of trouble I like $4/point.
That makes $928 which is 4.6%. Another 3 to 5 days phase 1 is complete.

Yes 1% a day is more than enough to pass both phases and maintain a live account. 250 US30 points a week.

Balancing your daily Drawdown and gains are crucial to success.

Personally I would just allocate risk specifically to the US30, 100 points, and then work within the confines of that risk:

I would make 20 points equal to $100 and record the P&L as the number of twenties that I have to risk:

Using you as an example, I start with 5 twenties and I gain 11 & 3/5 so I have 11.6 twenties to stack.

If I take a stab at $240 per twenty then I have 4.833 twenties and if that feels like enough then LET'S GO!

[aliassmith]

Made 5 points. The market is slow. I just noticed its going to be NFP so Ill take the day off.

I would have to throw my phone in the garbage disposal and toss my computer out the window to stop trading when I say I am. I loaned my ipad to my mom so that won't be an issue.

Up to 25 points today.

Ill try to stop again.

Ended up at 101 points. The day seemed to shape up.