It’s all about dynamic expectancies. Aka. Magnitude and Frequency over Time. Everything else is mostly garbage. If you can’t measure it and process it. Does your inputs affect the expectancy ? Does it tells you something about likelihoods ? Does it tells you something about magnitudes ? Can you process these inputs to get an expectancy ? If the answers are likely NO then it’s useless. NOISE ! PA tells you something about both. Some stuff tell you “You better do this or that” But you can’t measure it so don’t trust them. They ain’t accountable, precise, enough. Others just please to be looked at. Hey ! Look at me I am gorgeous Measures and processes. Get that expectancy, Optimal bet size. Trash the bad, the good. Keep the best and make the most of it. #Price dependence and volatility.
Made a deposit with Revolut but @AMP_Global US don’t accept money coming from it ... I don’t know how long it will take for the money to come back then to get there ...
i like how most of your posts are telling people how they got lucky or how you try and put them down as you do what??? nothing.. just looking for a few more prime examples of how insecure you are with your self and your demo account.
4yrs later … I am going to give it another try. This time with the 150k (4,500DD) account. It’s nice they dropped the 2steps for only one. Still we need to 3x the bankroll to validate. Goal is 20 days x $450 avg = $9,000 target. Max risk per day is gonna be 450$ (10%) Goal per day is gonna be 900$ (20%) I used to blow up because I didn’t manage risk properly. Hopefully, this being fixed, I’ll be able to successfully pass it. I ditched PnF charts for those wondering. It’s too much hassle. The simpler the better. Now I just use a 1min chart maxed out, With a 200sma just for the fun of it. I’ll probably trade NQ, CL and GC. With 1 or 2 contracts. Sorted by Dollar Amount (Average Daily Range) NQ (Nasdaq-100 E-mini): $4,000 - $6,000 ES (S&P 500 E-mini): $2,500 - $3,500 CL (Crude Oil Futures): $2,000 - $3,000 GC (Gold Futures): $2,000 - $3,000 ZN (10-Year Treasury Note): $250 - $400 I’ll keep you updated.
If you use TopstepX, you can set a personal hard daily loss limit which locks out your account when your loss limit hits. You can also use the lock-out functionality to lock out your account for the day. I recommend both. This sounds too uncertain. You need confidence in what you're doing, i.e., I will trade NQ, CL and GC. Don't spread yourself thin, though. Lazer focus on one instrument may be better. Also, don't be afraid to use micro contracts and scale into positions. 1-Minute chart is probably fine for execution, but don't forget the higher timeframes for direction and bias/trend.
I’ll use SierraChart but these are really neat features. Got to check if SC provide similar functionalities. You’re damn right, the plan better be simple and solid ! Thank you for the great advices. As usual