I'm looking to grab 10 to 20 pt moves on NQ whereas before I've targeted more like 40 to 50 pt moves. Problem I'm facing is how do you accurately backtest a strategy that can have you out in a minute?
I use Thinkorswim where you can only go back 30 days on 1m candles, so when I backtest scalpy...
Always tough to get substantive convo going on here, I commend you for trying. Number one sign of a trend for me isn't new highs or new lows, those can lie too often and reverse on you fast. I look more for signs the trend is holding when tested: i.e. higher lows or lower highs. The thing I...
Yeah in my case, this wasn't really a live discretion problem. My trades are like 95% systematic at this point with just a couple minor forms of judgment I can apply in the moment. I think this was just an I'm not sized right to survive these wider springs problem. For now, I've just decided to...
Yep. I'm adjusting as we speak. Spent the weekend studying if I can tighten my stops. Looks like I can by about 20%. And I've got an initial balance condition for now that will halt all trading for the day if the first hour is above a certain amount.
Good advice, thanks. I'll look into that option for sure. My system is systematic enough now that I didn't worry about "tilt" as much as I normally would have, but it's funny how the market is like water. It can find the slightest crack. So what ended up happening from the pressure is mechanical...