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Thanks Osorico, your posts are spot on! I am making some changes as of today.

Sorry, I can't answer that for obvious reasons.

You are correct about the commission Pekelo, however what killed me was excessive loss on ER2. My net gain on ES was 305 which is 6 points after commissions.

I'm very upset about today. After being up 240 in the morning I lost everything and then some in the afternoon. I got my a** handed to me on ER2. I should have listened to previous posters that recommended to stay away from it. Today, I traded NQ for the first time. Even though I made a bit...

Traded awful and made several mistakes on the ES. I really need a positive day to get my confidence back. Products traded: ES, ER2 Contracts: 27 Opening balance: 1,113 Closing balance: 977 Net P/L: -136 Discipline: 4

Sorry dandxg, I misunderstood your post. Yes, you're right. Starting balance to open an account is higher. My account was initially funded with a much higher balance. I basically blew the account and decided to do the experiment with 1,100 instead of a higher amount.

Bad day. Everything went wrong as soon as the market opened. ER2 was totally out of whack the first 5 min, enough for me to get whipsawed a couple of times and blow my max daily stop loss. To make matters worse, I didn't stop trading right away and the end result is as follows: Product...

There are plenty of brokers offering $500 margin or less. Forex? No thanks, no edge there whatsoever for retail scalping. Doesn't the fact that almost all FX brokers offer "no commission" trading sound a bit fishy?

Hmm, are you a mind reader ammo? I couldn't have said it better myself...

It was just a general statement, nothing personal against you, econdude. I think I've seen another post similar to yours. Sorry I picked your post for a quote :) .

Couple of problems that come to mind - pressing harder when nothing is working, eventually leading to digging a big hole or revenge trading after a sudden, unexpected loss. Another issue involves a following scenario: After being up a decent amount on the day with lunch time doldrums...

I keep my charts nice and simple, 5 and 2 min candles with volume bars.

I was considering posting P/L screenshots to avoid nagging posts like the one above, however, the purpose of this journal is first and foremost to help me overcome some of my problems that prevented me from succeeding in the past. Doing this is a major PIA as it is, even without capturing daily...

Combination of DOM reading and charts.

F9, the purpose of having a scale 1-5 is to rate myself regarding following my rules, not my consistency or profitability. As far as profit targets, I was answering the following question: I said that I don't use "fixed" profit targets or stops. I didn't say I didn't have profit targets. I...

Please go back to my post #3 and read my comment I made about how the day went. If you are an experienced trader (as the amount of posts under your handle suggests) then you'll understand.

Thanks for encouraging words! I suggest you change your handle to itcan'tbedone. :)

No fixed profit targets or stop losses. Different setups dictate different size stops. My stops are always mental. For example, if my setup suggests 1 point profit target on the ER2 my stop would be 3-5 ticks. If my profit target is only 3-5 ticks then my stop will be only 1-2 ticks. That said...

Thanks for the suggestion Bbox! I am researching brokers with competitive commissions since my style would definitely benefit from lower transaction fees. I estimate that will do about 1500 contracts per month.

First you say that I don't understand the ES. Then you are telling me that I might succeed. Very interesting observation fearless! Would you mind explaining how did you come to the conclusion that I don't understand the ES?