My job is holding me back

Discussion in 'Trading' started by Jdesey, Dec 26, 2022.

  1. Businessman

    Businessman

    Forget it, he is just making up his own definitions.
    Exponential growth to him means only a high compounding rate, eg 100% per year, a lower compounding rate like 10% a year is not exponential growth in his eyes.
     
    Last edited: Dec 27, 2022
    #161     Dec 27, 2022
    newwurldmn and taowave like this.
  2. taowave

    taowave

    Sun,this is where i think you are a bit off,or not very clear

     
    #162     Dec 27, 2022
  3. SunTrader

    SunTrader

    Exponential - "(of an increase) becoming more and more rapid".

    Rapid being the key word.
     
    #163     Dec 27, 2022
  4. taowave

    taowave

    Oh boy....

     
    #164     Dec 27, 2022
    Zwaen likes this.

  5. I agree. I was giving conservative numbers. In the end I don't care if it ends up I can only catch 20 points of NQ net per day consistently, that's still enough. As you said at that point just a matter of sizing.

    But via my backtesting and forward testing, catching 50 per day is a conservative number. If that changes over time so be it, but it's difficult to be net negative on the day given what I am doing and my relative tighter stops.
     
    #165     Dec 27, 2022
  6. How many pts today?
     
    #166     Dec 27, 2022

  7. 66.5 net my personal trading, did not trade with my team today. good but i am trading smaller size so mentally it's easier.
     
    #167     Dec 27, 2022
    taowave likes this.
  8. Screw the team! Good Job!
     
    #168     Dec 27, 2022
    taowave likes this.

  9. ****, this was actually a nice and sweet comment. I guess it's because the world is likely to end soon, so what the f does it matter right.
     
    #169     Dec 27, 2022
  10. Nine_Ender

    Nine_Ender

    Your quest for large rapid returns seems more based on impatience then a realistic trading plan. I'm not saying you won't be profitable, but the numbers you are pushing are unsustainable for a 50K account. And apparently in your case it's more your vision of what will occur then something you've actually done beyond an extremely short run ( if that ). Sure, if you succeed, let us know. The problem is we don't need to know about a get rich scheme based on projections. You should understand there is no free lunch and fast money always involves high risk with sometimes stealth drawdowns that you cannot see coming.

    The mistake here is to aim too big too fast with limited resources. That can lead to high risk decisions if some difficulties occur trying to keep up. If you have 50K, the goal should be to get to 70K/80K/100K without a severe drawdown with no set time table. Maybe you have this all figured out, probably you don't ( see the projections ). But OP and most traders need to have a realistic idea on what is possible and likely.
     
    #170     Dec 27, 2022
    Real Money, comagnum and taowave like this.