I kinda feel like there is more packed into this single post, than most of FinTwit combined. Definitely gives you a lot to think about...
Peter Brandt
Peter Brandt21 tuntia sitten
What does a real futures market trading account look like? I can only explain my own Real markets with my own real money on real exchanges Seven figure real money account balance I collect T-Bill interest on 60% of acct balance Trade about 40 different global futures contracts ranging from precious metals to grains to softs to interest rates to stock indexes Avg of 2 to 3 new trades per week -- that's it Hold trades overnight - sometimes for many weeks All trades based on chart construction Losers are liquidated within days Winners are allowed to run 100% my own trading rules Hold up to 7 or so individual trades at any one time No restrictions on how I trade, how often I must trade, how many winning days I must have, etc etc. Those rules are BS optimized so that 95% of retail traders lose money No restriction on max loss per day or max drawdown, although I seldom have DDs >3-4% I own all my own losses and gains I do NOT day trade -- day trading is a losing proposition I am a swing trader - not interested in tops or bottoms, just chunks in the middle Hold positions over weekends and into report All orders entered as GTC between 4PM to 5PM Central Profits taken at targets Max risk per trade is 80 basis points (8/10th of 1% of total nominal capital)
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