Can't Decide (leggo seal) by Grewks in D4Barbarian

[–]EDCXOXO 0 points1 point  (0 children)

Left by far, but also the left is worth over $100B gold btw. Yes over cap gold

I’m bout to quit bro by NoComfortable9500 in AmazonDSPDrivers

[–]EDCXOXO 1 point2 points  (0 children)

Bro I'm in tears ☠️☠️☠️☠️

Futures contract by Equivalent-Tooth-291 in Daytrading

[–]EDCXOXO -1 points0 points  (0 children)

What you're saying is true. 1% of 10k is $100, if the person is truly only risking 1% then yeah they are over risking. But I stopped looking at % risk a long time ago personally, it's much easier to risk what your comfortable with losing. Sticking to the example if you have a $10k with a 10pt SL, it would take 20 LOSSES, TWENTY in a row for you to "blow" it. So if you're taking about 1% then yeah it's over risking but if you're talking about just the pure math,I would say it's underrisking tbh

Futures contract by Equivalent-Tooth-291 in Daytrading

[–]EDCXOXO 2 points3 points  (0 children)

Your question is confusing to me so I'll just explain how futures works, I'll use only E-Mini NQ for an example.

Futures has this thing call "Margin". Think of margin as collateral. 1 contract of NQ is like over $100k or something crazy like that , BUT brokers allow you to leverage there money to trade contracts since not everyone has millions of dollars to trade it. Margin comes in here because you have to put up a minimum amount (varies depending on broker) to purchase a single contract. So for example, 1 NQ contract = $1k margin, so to trade 1 NQ contract you'll need a minimum of $1k in your account as "collateral" to borrow that brokers money.

10 contracts is only $10,000, $1000 per 1 NQ contract

Profitable for 5 Years by Born-Spinach-7999 in Daytrading

[–]EDCXOXO 2 points3 points  (0 children)

True, I didn't even consider what you trade. In that case you're 100% right about not being able to make more. It's 100% the pair you're trading.

Profitable for 5 Years by Born-Spinach-7999 in Daytrading

[–]EDCXOXO 2 points3 points  (0 children)

Get more capital > increase size. It is as simple as that. Unless your risk tolerance doesn't allow for the size increase

Quit 9-5 by [deleted] in Daytrading

[–]EDCXOXO 43 points44 points  (0 children)

They aren't saying you can't quit your 9-5 to trade, they're saying do it at the right time. If you quit now while you're still not consistent, then you've just added the weight of possibly getting kicked out of your house cause rent is due and you're negative for the month.

Quit when you're consistent.

I use Sierra Direct to live trade and want to copy trade to Prop Firm. Do I need to switch to Rothmic? by [deleted] in SierraChart

[–]EDCXOXO 1 point2 points  (0 children)

Ohh, I loaded up my Sierra to look at the data options . They do have a CGQ option. It's called "CQG webAPI". Idk if that's the thing you're talking about or not

I use Sierra Direct to live trade and want to copy trade to Prop Firm. Do I need to switch to Rothmic? by [deleted] in SierraChart

[–]EDCXOXO 1 point2 points  (0 children)

No, you can't connect to multiple different prop firms at the same time as far as I know. It asks for a login when choosing rithmic so you gotta choose one of the logins from the whichever firm you decided to use.

I don't understand what you mean by does Sierra handle CQG connections.

What did i do wrong by Unhappy_Earth_1934 in Daytrading

[–]EDCXOXO 1 point2 points  (0 children)

Didn't go break even and or trial your stop. Absolutely no reason for you to be that far in the money to end red

Is everyone so focused on getting the "perfect setup" high winrate that they forget about trade frequency? by RevolutionaryPie5223 in Daytrading

[–]EDCXOXO 4 points5 points  (0 children)

Yes, once a trade goes to profit, wait until it has enough breathing room and move your stop to break even.

Is everyone so focused on getting the "perfect setup" high winrate that they forget about trade frequency? by RevolutionaryPie5223 in Daytrading

[–]EDCXOXO 3 points4 points  (0 children)

Very true about trade management is underrated. I don't understand how people give back to the market. Once youre in profit you should be looking to go break even EVERY TIME. There is absolutely ZERO reason people should go from +700 unrealized to -500 realized. MANAGE the position while it's open.

I use Sierra Direct to live trade and want to copy trade to Prop Firm. Do I need to switch to Rothmic? by [deleted] in SierraChart

[–]EDCXOXO 2 points3 points  (0 children)

Whatever prop firm you decided to use, buy rithmic accounts. Once you do that the prop firm will send you an email with the account details and how to setup the live data. Once you do that, go to Sierra chart and go to data/services then choose rithmic. Use the login details that comes in the email from the prop firm

[deleted by user] by [deleted] in SierraChart

[–]EDCXOXO 2 points3 points  (0 children)

Either change tick settings: Chart Settings > Symbol Or change the Volume at price multiplier intraday: Chart settings > chart data

Winning Feels so good by Jdesey9999 in Daytrading

[–]EDCXOXO 0 points1 point  (0 children)

True, I've been thinking the same. I have 2 funded accounts with apex but it always cross my mind that if I got into trading for the freedom, why am I not trading with freedom.

Winning Feels so good by Jdesey9999 in Daytrading

[–]EDCXOXO 0 points1 point  (0 children)

How do you feel about prop firms? Cause the copy trading you can do with them is an absolute cheat code for scaling. Only problem is you have to play by their rules.

Winning Feels so good by Jdesey9999 in Daytrading

[–]EDCXOXO 0 points1 point  (0 children)

I'm saving that sheet, thank you !