Edward,
I greatly appreciate your advice and accept it. I see from many of your posts that you truly know how to trade. So I will use monte carlo runs to decide risk level to never risk a 25% drawdown.
But you're right I do suffer from small accountitis!
To compensate for that, I'm using 10 minute bars as you see above to offer more trading opportunities with less risk per trade!!!
So hopefully, I can cure the small accountitis soon.
Sincerely,
Wayne
Buy Zone on Hour Bars?
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- eudamonia
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Wayne,
Just trying to help you avoid some of the pain I've been through. To give you an idea the first trade I took was in Corn. I had a $5k account and traded 8 lots (yes on this small account. Needless to say my original trade was a winner (worst possible thing that can happen to you). I was up $20k within the first three months. I was on top of the world. My ego was on fire. I was the GOD of trading. In 3 days the market reversed and put me back to nearly breakeven (yep up $20k in 3 months down $15k in 3 days). I never want to live with that much stress again
Yes if you keep your account alive you'll eventually get your small account up to a reasonable size.
Edward
Just trying to help you avoid some of the pain I've been through. To give you an idea the first trade I took was in Corn. I had a $5k account and traded 8 lots (yes on this small account. Needless to say my original trade was a winner (worst possible thing that can happen to you). I was up $20k within the first three months. I was on top of the world. My ego was on fire. I was the GOD of trading. In 3 days the market reversed and put me back to nearly breakeven (yep up $20k in 3 months down $15k in 3 days). I never want to live with that much stress again
Yes if you keep your account alive you'll eventually get your small account up to a reasonable size.
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
khalid wrote:I only BuyZone emini S&P, and since 5 March do not take greater than 3 ticks risk
Hi, Khalid
Could you share more details about trading BuyZone with emini S&P.
Which indicator(s) are you using?
Are you trading NY open or other hours?
What are S&P BuyZone parameters: BuyZone, SellZone,
target, stop-loss?
What is your entry trigger?
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