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Just got the report from AMP. After commissions on 6 trades, the net gain for the day is $12.54.

Thanks. So MNQ is +$16 and MES is -$43.75. Actually, as reported last night, I am going to stick to MYM and MNQ for now. And most of the time it seems like the MNQ moves twice as fast dollar-wise as the MYM.

Just to be fully transparent, the actual reason for the ban was because the moderator accused me of advertising my free chat room and then banned me with no warning. When I asked "Why?" he seemed to begin to channel Nostradamus, and he claimed that my secret plan from the beginning was to fill...

Final trade of the day. One more short on YM for 13 ticks. The 40 tick stop was not hit. We were far enough away from the 200 sma that a short at the late afternoon stall seemed appropriate. The target was the 200 sma and the uptrend line from the lows. Total for the day before...

Indeed, we got a good pop off the lows! This short trade on the MYM was 9 ticks with just one contract. The 50 sma had rolled over, but I got out where I did because the 200 sma is providing strong support here (for now) Rationale: We had a strong pop off the low, and this was the first sign...

Since the 10-day average daily range of about 30 on the ES (Daily ATR) has been achieved, I am NOT looking for more down today. But as long as my 200 SMA is red, then I will look for bounces to short. The MNQ is down .35% for the day so far and the MYM is down .86% for the day, so I will...

The market has to regain the overnight lows at ES 3362, or we may just keep fading lower into the close. That is my LIS (line in the sand). There are no clues being given here by the Cumulative Delta plot. So I am thinking balance (or reversionary) day. Notice the beauty of the 200 SMA as...

I was right on the direction near the first trade of the day, just a bit early. I need to be more patient!

It is going slow today. With all the crazy action I am keeping to one contract per trade so far. 1. MNQ short was a bust -40 ticks. 2 through 5. MYM shorts. +14 ticks +23 +10 +7 (most recent first) It is clear I need to wait until the end of the day to do this review though...

HAHA, I actually watched this just last month! Incredible.

I am treading new ground here with the increase in number of contracts, even if micros. So by definition I have a new variable and do need to test it. But ironically, this is the very time I might need to slow down a bit so that I don't hit the guardrails as I fly up the windy mountain pass...

Not sure what you are suggesting. 2% per day and 10 to 20 trades per day is not fast enough? I already get criticized for overtrading, LOL. (And my "edge" and I are already good friends, thanks.)

@Seaweed Thanks so much for taking the generous time to write both posts and sharing some wisdom. Indeed my original intention was to do nothing but slowly increase my position size. And you have helped me break the tie on the big issue that has arisen regarding scaling and number of...

I think the $10k is the right thing to do. That puts me at 20 micros (max). I am hating the commissions, but it feels safer to me because I can trade with just 5 or 10 at a time and build up still vs. a mostly binary 1 or 2 E-minis.

What happens is I will enter just one trade on the MNQ (for example) when I see that the market is weak, and the MNQ is the weakest of the 4 instruments. If the market continues to drop, I may add one on the MYM. If it drops further, I may add one of the MES. In this way, I am not averaging...

1) I do think the psychology is the biggest factor. Trading so that your max loss day is no more than 1/25th of your total account balance is a HUGE deal that I am only beginning to understand. 4% loss on the day keeps you alive! Until you can so "Oh well" at a loss, then you are trading too...

Hi @traider, was this question for me? If so, my answer is "No Way! Those guys are all like gods. But I can be a dang good low-risk scalper."

I can see what you are saying about the 2% goal potentially causing problems. Fortunately, as you can see, I have no problems just (1) not trading on a given day or (2) just scaling back considerably and walking away early. The 2% is a guide, not a minimum. I would be thrilled with 1% per day...

Thanks. Well, I don't want to get worn out for sure. And I can see how it could happen! I feel tired today from "trading" and I didn't execute a single trade, LOL. Except for just one or two in the last 4 weeks, I have felt like most people have truly been interested in seeing if I can...

How is leverage determined in your example?