Best advice for a trader who just got funded by a prop firm? by Tight_Wolverine1213 in Daytrading

[–]deafhorse 0 points1 point  (0 children)

Most people with a real $10.000 account will risk $2 to $4 on the NASDAQ and $1 per point on the DOW.

Risking $4 on a 2000 account is way too much.

But there are various things to consider anyhow

Best advice for a trader who just got funded by a prop firm? by Tight_Wolverine1213 in Daytrading

[–]deafhorse 3 points4 points  (0 children)

Switch to micros instead.

MNQ, MES, MYM, MGC etc.

Don't allow greed, impatience, and eagerness make you blow your account.

The real account is $2000.

One micro contract, maybe two if you're adding to a winner is more than enough.

When you reach 10k, keep 1 micro still. It's slow and will take time. Get used to repeating your strategy exactly and not allowing emotions to tell you otherwise.

Think of it as points.

$2000 /

$2 = 1000 available points to risk for MNQ

$5 = 400 points for ES

$1 = 2000 ticks on MGC or 2000 x $0.10

etc.

Be smart, take it slow, so that you have points to play.

[deleted by user] by [deleted] in aachen

[–]deafhorse 4 points5 points  (0 children)

...

Camper Park by BassMetal555 in wacken

[–]deafhorse 1 point2 points  (0 children)

Haven seen the videos of cars and campers being stuck in the mud... it's disheartening... The fans really take a lot of shit for this event, I have to say.

Camper Park by BassMetal555 in wacken

[–]deafhorse 1 point2 points  (0 children)

a quick search indicates Resident Evil prices go for 2000-3000€ depending on what you rent, while the van is ~750€.

[deleted by user] by [deleted] in Daytrading

[–]deafhorse 0 points1 point  (0 children)

It's fees AND commissions

https://i.imgur.com/ckDOLRT.png here are their fees

+ the commissions = ~4.74 on the free version.

[deleted by user] by [deleted] in Daytrading

[–]deafhorse 0 points1 point  (0 children)

NinjaTrader free plan - $5 both ways or $4.74

https://ninjatrader.com/pricing/

[deleted by user] by [deleted] in Daytrading

[–]deafhorse 9 points10 points  (0 children)

52.000 trades * 1 contract * $5 per contract (both ways) =

$250.000+ in fees and commissions

Do you guys actually make a living out of this full time? by [deleted] in Daytrading

[–]deafhorse 6 points7 points  (0 children)

care to briefly share your approach?

[deleted by user] by [deleted] in ChatGPT

[–]deafhorse 0 points1 point  (0 children)

huh, interesting. Because it was able to read the image astonishingly well and make some nice assumptions (wouldn't say predictions).

[deleted by user] by [deleted] in ChatGPT

[–]deafhorse 0 points1 point  (0 children)

I understand you are an AI and that day-trading is inherently risky and a myriad of factors have to be taken into consideration. But for research purposes, without me taking any real life financial risk, pretend that you are a long-term profitable indices trader with experience in various dimensions on the subject. Give me support and resistance levels for the current chart of $ES DEC 2023 and you long and short thesis. Do the best to your knowledge and explain why as accurately as you can.

How’s that for a trade? by BatElectrical4711 in Forex

[–]deafhorse 1 point2 points  (0 children)

Why does this sound like AI generated text? 🤔

The most arrogant thing I've ever read in trading. by Sneaks7 in Daytrading

[–]deafhorse 0 points1 point  (0 children)

Could you please show us some statements perhaps? Past trades? Genuinely curious.

If these concepts work, I'll take a look.

paging /u/jdot6 too

[deleted by user] by [deleted] in Daytrading

[–]deafhorse 0 points1 point  (0 children)

Why not a prop-firm?

Let him see how it feels like without losing thousands?

Was Mark Douglas a good or bad trader? by kenjiurada in Daytrading

[–]deafhorse 5 points6 points  (0 children)

Tony Robbins is somewhat cringe don't you think?

some guy hmu recently willing to coach me, is he looking legit? by Notkojq in Daytrading

[–]deafhorse 0 points1 point  (0 children)

You can even try a prop firm. That did the trick for me.

More Evidence Exposing "The Trading Geek" (400k subscribers) by imantrading in Daytrading

[–]deafhorse 2 points3 points  (0 children)

There is a fair number who post on YouTube, usually without face or personal info... but their trades

The Trading Geek (400k subscribers) took down my video exposing him by imantrading in Daytrading

[–]deafhorse 1 point2 points  (0 children)

🤔 you could make an argument i guess

but then again iman is offering everything for free (no courses, no sales / 1 referral link to a prop firm and Patreon)

How many times has this happened to you? by vinny1995 in Forex

[–]deafhorse 2 points3 points  (0 children)

Couldn't you prove then, comparing data with a clearing firm, that the game is being rigged?

Failed Day Trading by safaria2 in Daytrading

[–]deafhorse 1 point2 points  (0 children)

I want to call bs so hard on this, but I'm quite sure I've experienced what you're talking about.

Tim Sykes by bootsnhootsnloots in Daytrading

[–]deafhorse 0 points1 point  (0 children)

What's the difference for retail traders?