Ten-thousand in Education and still not profitable! | Trading Reviews and Vendors

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Ten-thousand in Education and still not profitable!

  #70 (permalink)

Bala, PA, USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
monpere's Avatar
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,321 received

researcher247 View Post
Hi Monpere,

That sounds very nice. I am not asking you for the market(s) you trade or the setups; but if you would be so kind to briefly reply if your r:r (risk/reward) is 1:2 does that mean that every win is 2 for your risk of 1?

I have always found (and maybe I am doing it wrong or not as efficient as some) that I MUST begin to use trade management when my trade gets at least 60% or more (approximately) to my target; in effect when I do my profit factor I never get the 2 shekels for every 1 shekel of risk.

For scalping I have never been aware of not getting alot of scratches and smaller wins and smaller losses along with my full initial full target wins and initial full stop losses.

I trade all in, all out, fixed risk, fixed target. Every trade will give me +6 ticks, -3 ticks, or break even. I don't do discretionary trade management. My only trade management is that my ATM takes care of my break even stop movement. My trades generally last an average of 90 seconds, so there is actually little time for trade management. I am a scalper, some would say micro scalper, because I cannot stay in a trade more then 3 minutes, or I get ants in my pants. Once I click the mouse and enter a trade, I walk away until I hear the trade has exited, because if I stay and watch it, I will want to mess with it.

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