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Search: Posts Made By: monpere

Forum: Psychology and Money Management

December 16th, 2011, 05:51 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

I've used the nyse tick for intraday scalping,...

I've used the nyse tick for intraday scalping, taking divergence signals on or shortly after the tick reaches +/-800. Works pretty well, but you have to be comfortable going counter trend, because...

Forum: Psychology and Money Management

December 14th, 2011, 07:16 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

I can't comment on the post you were answering,...

I can't comment on the post you were answering, since I did not quite understand it, and I did not see any price action in the attached pictures, so I'm not entirely sure what the poster was trying...

Forum: Psychology and Money Management

December 7th, 2011, 04:04 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

I can't comment on what works for specific...

I can't comment on what works for specific individuals, but overall, for the majority of traders, feeling sick to your stomach when you take a trade is not the sign of a good entry or a bad entry. ...

Forum: Psychology and Money Management

August 22nd, 2011, 04:39 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

A rigid system is no different then a...

A rigid system is no different then a discretionary system, if the markets should change over time. The same way you would adjust your discretionary approach, is the same way you would adjust your...

Forum: Psychology and Money Management

August 21st, 2011, 10:13 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

Nothing I can think of, other then his...

Nothing I can think of, other then his psychological risk profile. To double, triple your income, you have to double, triple your risk, etc. Can he psychologically handle that. Other then that, I...

Forum: Psychology and Money Management

August 9th, 2011, 05:15 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

Yeah... too bad they happen once every 9 months. ...

Yeah... too bad they happen once every 9 months. It was actually a dream week. I hope your strategies don't rely on these kind of days to be profitable ;)

Forum: Psychology and Money Management

August 8th, 2011, 09:00 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

This is a pointless discussion. Nobody in their...

This is a pointless discussion. Nobody in their right mind is going to try to make a living from any business with $5k investment, with no other primary source of income, when their monthly expenses...

Forum: Psychology and Money Management

August 8th, 2011, 03:47 AM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

I think most people with a $5k account are not...

I think most people with a $5k account are not full time traders. I don't think they just quit their job and expect to make a living trading with a $5k account. I believe the great majority of...

Forum: Psychology and Money Management

August 7th, 2011, 02:43 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

The moral of the story is: Risk Capital...."Don't...

The moral of the story is: Risk Capital...."Don't be trading your rent money."

Forum: Psychology and Money Management

August 7th, 2011, 12:39 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

I think undercapitalizaiton is the most common...

I think undercapitalizaiton is the most common problem for most failed traders, but not for the sake of undercapitaliztion itself, but rather because they do not yet have a profitable method, nor do...

Forum: Psychology and Money Management

August 6th, 2011, 08:05 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

How would you describe you style of trading? As...

How would you describe you style of trading? As a veteran in this business, it's good to know what approaches can stand the test of time.

Forum: Psychology and Money Management

July 23rd, 2011, 03:00 PM

Replies: 628

Primary source of income: how many have made it?

Views: 194,812

Posted By monpere

Yes, it's great that the poster is making...

Yes, it's great that the poster is making money... but how exactly does that help you? Will looking at those statements help you win your next 5 trades?

Showing results 1 to 12 of 12

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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