Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Given that 95% of traders fail, In reality, it would be very likely that both of those traders are not profitable, no matter how much superior one thinks his approach is over the other one.
if it was not for your eating habits, that video could have been the start of a bromance. Favorite line...a custom indicator simulator...or three tick better renko. Laughed so hard that I've spotted my drawers.
But to go contra your video game analogy, I am certain that Wii bass fishing has helped me catch bigger fish.
I think it is really hard for people who want to use un realistic leverage because they do not understand that it is un realistic. For me, I have a lower margin broker because I think it is hard for a broker to set risk per client , per contract.
I have my own standards based on my style per contract. For the TF, I keep it at 30% of overnight for day trading. For other things like the Bobl or Euro , I use 50% of overnight and for the Yen , I use 25%. That is based on live, not SIM trading with my style of trading.
There is no way I would expect a broker to put in tons of different risk parameters just for me.
I would like to see the customer portal have the capability to set custom risk parameters per contract, as well as daily loss limits (something people are asking for more and more often). It seems this is not something that should be too difficult to automate and allow the client to setup.
These kinds of limits are not just available, but required at Crossland (whether you want them or not).
I think everyone knows about the daily loss limits, but there are a couple of others, too:
You must pre-define which contracts you will trade, and the maximum number of them you can carry at any given time.
You can change your settings at any time by email, but your data feed will reject any orders outside of your pre-defined parameters until it is updated.
The "maximum-allowable-contracts" parameter can be set differently for different markets (3 for CL, 7 for ES, 2 GC, etc. . .), and is unrelated to the amount of margin you have in your account. If you set it at 3, it will reject an order for 4, no matter what you have in your account.
Though it's not quite customizeable in the sense of "I want 30% of Initial here, 40% there," in reality it is - because you know how much you have in your account, & simple math will tell you that if you want 30%, then set your max-contracts to "3" (or some such thing).
