Jump to content

Members Introductions & Meetups

Know each other and plan in-person meetings.

167 topics in this forum

  1. San Diego Meetup

    • 12 replies
    • 2,282 views
  2. Toronto Meetup Aug 16 1 2 3

    • 32 replies
    • 4,405 views
    • 1 reply
    • 631 views
  3. coaching

    • 0 replies
    • 609 views
  4. BBT Intro

    • 0 replies
    • 464 views
    • 15 replies
    • 3,018 views
  5. Quebec traders

    • 3 replies
    • 1,315 views
    • 35 replies
    • 5,740 views
  6. New to the community!

    • 8 replies
    • 1,447 views
    • 1 reply
    • 624 views
    • 4 replies
    • 1,025 views
    • 1 reply
    • 673 views
    • 5 replies
    • 1,088 views
    • 2 replies
    • 999 views
  7. Beginners Group

    • 6 replies
    • 1,639 views
  • RECENT POSTS

    • You're right. On paper only as BP decreases when volatility increases. In March 20, I got a margin call, so I understood it very well. Today, I'm focusing on risk per trade only. 6X is just a confortable margin to forget that you have a BP to deal with (under "normal market cconditions", we do agree).  PCT just reminds me that this detail also exists and it is fine. I quite agree with you regarding the goal of PCT, I'm here for this exact reason : process and consistency. I'm not looking for a seat at the end of the bootcamp and I don't care if I reach the 10K goal or not. I just want to be consistently profitable at the end of the bootcamp as I'm currently in the breakeven zone since 2 years now.  
    • in IB you have 6X BP just on paper as margin requirements apply. you will never be able to utilize the full BP for all stocks and especially for short positions so these limits exist everywhere and we need to learn to live with them. the goal of PCT camp is to show consistency and process, not big numbers
    • Yes  @peterB. I do agree. Honnestly, I don't care about the profit target. The rules are clear. I just want to learn and improve. The starting point was that 1% risk / trade commonly seemed to be an acceptable ratio in the real life. As I'm growing, I'm more willing to take less and less risk, even in my real trades. Currently, I'm thinking about 0.5 to .8% / trade. And here at PCT, I was thinking even lower, around 0.3% ($300) just to be able to make a lot of errors and progress. Now, the Buying Power comes in to play in PCT and I didn't see it (That is the reason of my question). In IB, I currently have around  a 6X buying power. It never restricted me to have 2 or 3, 1% risk trades on at the same time, so I didn't think of this detail anymore.  
    • just lower your risk and you are gonna be fine with 100k BP you have 2 months to reach the profit target
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.