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The 22 Days: A Price Action Trader shares his Journey
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The 22 Days: A Price Action Trader shares his Journey

  #151 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
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Learn to not be 1. risk averse and 2. loss averse

Which is not the same as risk taker and taking loss after loss.

However, I am happy with the baby steps, report card below:

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  #152 (permalink)
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Perhaps it is best to attempt a $30,000 combine. Because in the above combine though the limit was 15 lots I actually limited myself to 3 in every trade. Having a huge buffer or margin of error seemed to set me free to execute. Let me see if I can 'forget' about the $500 Daily Loss Limit in the $30,000 one and produce the same results as above.

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  #153 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
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iqgod View Post
Perhaps it is best to attempt a $30,000 combine. Because in the above combine though the limit was 15 lots I actually limited myself to 3 in every trade. Having a huge buffer or margin of error seemed to set me free to execute. Let me see if I can 'forget' about the $500 Daily Loss Limit in the $30,000 one and produce the same results as above.

Well done on your Combine!

I think the 30K Combine is probably better than the big 150K, especially if you are trading 3 contracts anyway. The hurdles for the 150 are just much higher, and in the end it won't make that great a difference if your goal is getting funded -- if you succeed at one level, they let you move up.

I have noticed a lot of people having more trouble with the 150K, including me!

I just found this thread and I look forward to your next campaign.

Bob.

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