John Carter's Setups: Legit or Lame?

[TRex]

	Quote:	Reaver
	Oh I am sure it can be profitable. Of that, I am sure, or else so many people wouldn't do that instead of trade. Why wouldn't one just trade on a larger scale and double their income instead of making peanuts (relative to their supposed trading profits)? If the market is so large where it doesn't matter how many people trade the same way as you, then why not just double/triple/quadruple your trade sizes and go buy an island or helicopter or something with your newfound wealth? Surely with the amount of money you could make from doubling or tripling your income since you already trade so well as to teach others, could even go into something as weak as a CD at 4-5%, (much less trading a few CEF's on the side) and the interest would be plenty as passive income....

One reason not to increase your size is that you don't want to increase your risk tolerance. Personally, the thought of trading much more than 32 ES contracts is uncomfortable.

[Reaver]

I guess its relative to your account size.......to some, trading 3-4 contracts is too much risk...but if I were some big shot treader..I probably wouldn't really be too worried about 32 contracts.....

Risk tolerance is based on the size of your account right?

[TRex]

	Quote:	Reaver
	I guess its relative to your account size.......to some, trading 3-4 contracts is too much risk...but if I were some big shot treader..I probably wouldn't really be too worried about 32 contracts..... Risk tolerance is based on the size of your account right?

My risk tolerance is based on a psychological comfort level that I don't want to exceed, not on the size of my liquidity, net worth or size of account.

I'm not looking to buy a helicopter and a villa on an exclusive island so there is no need to press the contract size and thus the risk with a commenserate rise in anxiety. So I guess that puts me out of the big shot trader league, but I'm not complaining.

A successful trader can make a very good living consistently winning 2 points per day on 32 contracts.

Anyway, we're getting off topic here so if you care to continue the dialogue, email or pm me.

[Reaver]

No I have heard about all I'd care to at this point. Thanks for the offer though.