jthom

Boy you put a lot original thought in this reply. Thank it was the first time i'v ever heard this. Glad I read it. I changes everything. I guess my MD father would have to agree that trading is a lot like medical school and residency. Thanks ditto-head!!!

Frankly I don't see the point here. Are you selling something or what. The screen shots are impossible to interpret. And what's this cryptic "c=blah" stuff.

Everything seemed so obvious. So simple. I didn't need a year under my belt before I became profitable, shoot this is a piece of cake. All I have to do is take 50 contracts for a tick or two a day and I'll be a millionaire. Oops, forgot that I need a 100000 account to handle the margin draw down. Oops, didn't realize that the price has to move two ticks to make one tick. Oh well, I'll just start with one contract and go for 3 ticks with a 3 tick stop... that's a good RR ratio right? Shoot price always moves 3 ticks against me and then turns around and hits my target, too bad I got stopped out. Oh I know, I'll use a larger stop, say 6 ticks. First trade a winner - 3 ticks! Yeah I've got it all figured out, piece of cake. Oops, second trade hit my stop, oops third trade hit my stop. Hmmm, now I'm 9 ticks in the hole. Jeez, I'll need 3 winners in a row just to break even. Hmmm, may be I don't have this all figured yet.

Gosh, this brings back memories of when I first started down this road. I guess we all have to go through this process.