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30 contributions to 5-Minute Futures
The biggest mistake i see futures traders making
When I first started algotrading futures I'd watch my algos And I noticed that they'd trade about 5 times a week But sometimes algos would buy at the top, and go short at the bottom. I'd think to myself: "Man, these algos get in at the EXACT wrong time. I can trade better than THAT." So I'd load up a chart on the side, and when I saw an algo take a bad trade... I'd reverse the position. "wow I just avoided a -$1k loss by overriding the algos." I kept at it, glued to the screen for hours every day. Scalping little wins here and there. +$50, +$100 per win I kept my losses small, and as soon as I saw money on the table...I'd take it. "I'll never go broke by taking profits" I'd say to myself. This scalping style of trading was so time consuming though. I'd be out and about, and instead of being present with my friends and family...I'd be checking the markets on my phone. But by the end of the week, my 20+ hours of work had paid off. I had out performed the algos by +$2k! At 40 hours a week, thats $16k/mo! I can be a full time trader! I continued at this for months, but after 6 months of grinding away...I noticed that for some reason My account wasn't growing as fast as if I had just left the algos alone. But then I looked at the commissions & fees... My trade count: 6677 Algos trade count: 50 At $3 commission per trade, I had lost -$20k in FEES ALONE. My stomach dropped like a stone. All that hard work, 1000s of hours I sacrificed. All to just break even. No, actually I lost money because the algos were up on the year had I left them alone. I was kicking myself. How could I be so stupid. You see, scalping made sense to me when I was working as an employee in corporate America. I was used to a steady paycheck biweekly. But trading doesn't work this way. Its simple statistics. Most of the returns come from outlier days. I was seduced by the high win rates of scalping. But in reality, scalping strategies cost 100x more in fees. The win rate was a vanity metric, I didn't care about have a high win rate anymore..
1 like β€’ 22d
@Kevin Gong interested also in swing algo
FREE copy of Hormozi's new book ($100M Money Models)
I have 199 FREE QR codes to give away for Hormozi's new Money Models book, so if you need one comment below "Me" and I'll DM it to you. Prioritizing clients first, first come first serve for all members of 5-Min Futures! Happy Money Models Launch Day & Birthday Weekend to Alex Hormozi :) P.S. Free Money Models Audiobook here PSS. Free Money Models Course here πŸ‘‰(must own a skool community 1st)
FREE copy of Hormozi's new book ($100M Money Models)
1 like β€’ Aug 19
ME
$50k ➑️ $100k [Day 51]: $49,754 (-0.5% Total)
Total PNL: -$247 (-0.5%) Daily PNL: -$1,120 (-2.3%) Drop a πŸ”₯ if you're following the $50k to $100k journey!
$50k ➑️ $100k [Day 51]: $49,754 (-0.5% Total)
3 likes β€’ Feb 18
πŸ”₯
$50k ➑️ $100k [Day 45]: $52,840 (+5.7% Total)
Total PNL: +$2,840 (+5.7%) Daily PNL: +$791 (+1.5%) Drop a πŸ”₯ if you're following the $50k to $100k journey!
$50k ➑️ $100k [Day 45]: $52,840 (+5.7% Total)
3 likes β€’ Feb 10
πŸ”₯
$50k ➑️ $100k [Day 44]: $52,049 (+4.1% Total)
Total PNL: +$2,049 (+4.1%) Daily PNL: -$3,912 (-7.5%) Drop a πŸ”₯ if you're following the $50k to $100k journey!
$50k ➑️ $100k [Day 44]: $52,049 (+4.1% Total)
2 likes β€’ Feb 7
πŸ”₯
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Bonerjes Calvio
3
14points to level up
@bonerjes-calvio-4254
Ready to make my life easier

Active 6h ago
Joined Dec 9, 2024
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