General Trading Chat

[TracerBullet]

OK.. on trading... I am facing a small problem & I need your suggestions (esp. ST, doc Soduku, Dan).

Problem/Question: While trading I generally use a MM that is approx. 1.2Reward. While the risk is presently capped at 2000 per trade. Now I need to scale up and with the same RR, I want the risk to go up to 7000 a trade... this part is easy - all I need is to increase the trading capital... now the tricky part - how do I train the mind to accept profits that are 3 times my earlier norms? This is not letting the profits run - as that would directly impact RR, but more on trading with increased position size... any pointers?

But why track money at all? Maybe we can check it once a month/week but for live tracking is using points made per lot or something similar not enough? During trade you can just track the points in excel ( You can get live quotes using RTD / Link to Excel )

 

[niftychartreader]

Sudoku bro

:clap: :clap: :clap:

 

[PS Trader]

What is the time ECB news today? After market hours?

 

[TradeJoker]

Sudoku bro

:clap: :clap: :clap:

 

[sudoku1]

After a long silence you got enlightened ...

i always believe dat THERE IS light @ end of ALL tunnelS

 

[stock72]

i always believe dat THERE IS light @ end of ALL tunnelS

And the light should not be from the advancing train

 

[TradeJoker]

And the light should not be from the advancing train

 

[PS Trader]

What is the time ECB news today? After market hours?

It is around 7 p.m IST

 

[sudoku1]

And the light should not be from the advancing train

Let us TRAIN our minds 2 desire wat the situation demands.

 

[lemondew]

Tracer,

What you are saying is excellent. This is what I do to certain extent. But this is what I would want to be precise... May be you can help me.

What i do.

Eg As shown in image
I have bought 8800 CE @ 70 50
8600 PE @ 29.25 100

Now through link to excel at any point of time in fourth row I can see the total worth of my 1:2 ratio straddle at present. Here buy -128.5 points or -6425. Current position = 128.95 points or 6447.95. I can always know my profit loss of any position Straddle,strangle, debit spread and so on uptodate.

Now I would want a graph of my combined position of 128.95 points which though here is closely tied to vix but also is influenced by theta and other factors. So a graph of my combined position would be very handy. It will help in adding positions and I would know a support value of my combined position below which it doesnt go which need not be lowest value of vix for the day....

Can this data be streamed from my excel and a graph be drawn in amibroker of a combined position

Thanks and regards

But why track money at all? Maybe we can check it once a month/week but for live tracking is using points made per lot or something similar not enough? During trade you can just track the points in excel ( You can get live quotes using RTD / Link to Excel )