@Deez Your reaction is fair.
But here is my input and a clue to your answer. I have been trading for 13 years and still haven't been able to crack the $10k profit mark. I am NOT a consistently profitable trader (CPT). See the date I registered on ET here? Jan 1, 2009. 11 years ago...
Great question.
Same reason I prefer NQ and YM over the ES. It's all about the granularity: For approximately the same average daily range dollar-wise (NQ bigger and YM about the same), the NQ and YM have MORE TICKS. Therefore, I have more opportunities to enter and exit.
This also means...
I use Multicharts. Not sure why the charts look ancient to you. I also have a brand new free SierraCharts installation through AMP but have not yet set anything up. I wanted to try SC for the ability to do VWAP bands. I want to try those after I have seen several other traders use them...
I love your "plateau" withdrawal plan. Thanks for posting your candid remarks about your big drawdown. I am confident you will learn from it and keep marching higher.
I know it is off-topic, but I also trade FX. And I have an account with ZuluTrade that is also very public. I share this only to show you the kind of discipline I am trying to have. With this FX account I am only trading ONE position at a time and have a crazy tight 20 pip stop. So far so...
Keeping the "open mind" idea going, I tried more longs today off the bottom of this market swoon, and I got over 2% growth again today. The irony, of course, is that it was the biggest down day in 3 weeks. So clearly I am not so much a "bear" as I am a "contrarian," LOL.
I am feeling great...
Just finished this LONG trade on MYM. If you read my last post you will understand how hard this was for me to put on. LOL. But it worked and I got $6.50 (like $65 on YM).
Bullish rationale: After a big drop, especially in this bullish environment, I look for retracements. And we were...
Here are my MYM trades from yesterday and my thinking. I will regularly post trades that I think are interesting or representative of the day, but because of work, I don't have time to do this every day or for all my charts (currently MES, MNQ, M2k, and MYM).
Trades 1 & 2. Market rolling...
Daily Report.
I had a good day today with the big swings. Up $127. At 2.4% average, I am finally on track again after a couple mediocre days.
Here is the official daily report from AMP:
And now that I have some data, I will share my spreadsheet and graph:
I want to stay above the 1%...
This adds a ton of credibility to your journal. No one can disbelieve you now. Obviously you don't need to post every day, but sometimes. The trolls won't be able to speak because their jaws will be on the floor. LOL.
Just got the AMP statement. My "net" day was far from great at $5, but at least it was above $0.
If it were an E-mini it would be $50. Yes! That is how I will console myself. ;)
Here is one the best descriptions of market emotions I have seen. Study it well and learn the pattern. Identify your weakest "fakeout" spots and try to overcome. The sharp down and the sharp up are fairly consistent at least a couple times a week it seems.
HAHAHA. The 2's have it this year for sure. I am also hoping you have BIG goals this year. Join me in trying to grow a given % per day starting with micros? .02%, .2%, 2%??? Happy Birthday!
I see you said you won't go up to 78 again. But lets assume you go to 50. That is like 5 regular E-minis. If you are not scaling in or scaling out, then please consider just doing 5 E-mini's (or fewer) per trade. Why? Because the fees are only 1/2 as much!!! Also, it should be easier for...
Great start to the journal. And AMAZING trading, however you are doing it. With your performance, it is time for you to prepare for some hedge funds to call you, LOL.
As @bluejack says, please pick a trade or two and share the entries and exits?