That's why you'll never be a great trader -- You're doing it for the money...not for the love of the game. Imagine if Michael Jordan, Mike Tyson, David Beckham, Joe Montana, Lebron James, etc etc (and singers and actors and business people too)... all quit after a few years...and just retired quietly...with their couple of millions only...this world would be all...just...Topsy Turvy
so far they did not give it away to anyone,but they gave away very crucial thing “Over a million times day, we’re not making money,” Cifu said at an industry conference in June. “But when you add up the volume of instruments that we trade, the tens of thousands of strategies that we trade in all the different marketplaces, it’s simply the law of large numbers, and, as a result, yes, we are profitable every day.” if it was me i would not say this,here he gives away very real framework how this looks like they hired this guy and i am sure he is big part of their success https://www.linkedin.com/pub/rosen-kralev/9/7b7/b24
No Risk/Reward Ratio. I do not use stops because I do not like taking losses. I do occasionally take losses due to wrong button pushing or reading something wrong and I get out quick because I did not mean to jump in, other than that, no stops. My profits are a mental game, I still sell myself short by not holding long enough for larger gains. That would be the next step in the evolution of my trading.
This is perhaps the most dangerous strategy in the world. You are betting a small return with ALL of your capital. This is no different as betting ALL your money in 35 numbers (out of 37 numbers which include zero) in roulette and try to make a tiny profit, and praying the last two number won't hit you. Believe me, it will hit you eventually. Good luck for your trading
That's what people have told me here before. Believe me, I have found something close to the Holy Grail for trading. I have been blessed and feel extremely lucky to find this. So far, I refuse to lose and it's been two months now. Obviously, what I'm seeing and using to trade and what you're doing are a completely different set of parameters and instruments. If I sat down and told you what I look for when I trade, you would be surprised and say "huh? what's that?" The only issue now is that I don't let my profits run. It's still a mental game, I don't like to be in the market for long and don't like the stress of it. I still cut profits short.