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Overnight, I am lost about what you are referring to - "the scale of the problem." Please explain again. I think we are actually closer to agreeing than you think, but first check these out: Below is the YM on 8/28 at 9:02 am NY time. Time and sales confirms that the high on this candle is...

The current advertiser in this section of ET is E2Trade. They have a two month program. I have not tried it, but the two months out the gate seems like they have things set up with the bigger picture in mind. I agree that all of us think "I am the exception" and we jump in. Who doesn't...

I just read a great article by one of the owners of Maverick Trading here in Utah. https://mavericktrading.com/what-is-proprietary-trading/ I see lots of similarities between prop firms of old and "Funding Companies" of today. The same problem of "combine mills" happened in the 1990's with...

ES, I appreciate your comments and interest. Glad you find my comments worthwhile. Indeed I am trying to simplify. And indeed trading and explaining discretionary trading can seem contradictory. I am primarily a scalper who is trying hard to pick up the ability to stay in trades longer...

It appears so. But I don't know if you can have them open at the same time. There may be some issue with registration in that case.

I agree with you (with a minor adjustment). As I stated previously, if I feel the market is changing, I will "get out immediately." This is how I trade on the E-minis. But on the micros the spread and the fees mean certain destruction for scalpers. So I am taking a more relaxed approach. I...

This stat is from my previous trading with NQ and YM. But it is probably wrong now. In my scalping, my average loss (including scratches) is about $100 and my average wins is about $50. Hence 2:1 risk:reward. On the Micros, I am allowing myself two big adjustments because of the increased...

I agree with the problem of changing daily range (volatility). I have thought about adjustments to my stop based on daily ATR (i.e. "My stop will be 20% of the previous session's daily ATR"), and I may still do it, but I really want to keep it simple. I have tended to over-complicate things...

Good observation. Fortunately, as listed in my posted rules, I will not be holding through the close, because I will be done trading by 11:30 New York time. And with my $20 max stop per contract, and 5% max loss for the day, I should be good.

As strongly alluded to in my introduction, my motivation is to help others as I help myself. Writing about and reporting on my trading truly helps ME. The accountability is so good. Too hard to cheat. (If no one is watching I take too big of risks when I just "know" what the market is going...

I love it! Thanks for digging this up.

I traded with only 1 micro contract the first 3 days and a maximum of 2 yesterday. I actually didn't like trading with 2. So yes, I need more wiggle room inside my head! I will probably stay with 1 all next week.

I started this week and this account with my micro stop at 40 ticks ($20) on both the MNQ and MYM. The market is just moving too fast for anything else in my opinion unless you are going to hover over the "flatten" trigger. But what kind of life is that? I am trying to reduce my stress, LOL...

I would love to use a platform that has these built in. I use Multicharts, but I am not married to it. AMP will actually let me use several different platforms for free: MT5, Sierra, CQG Trader, Market Delta, Rithmic, Volfix, and Zlan. Anybody know if any of these have MAE and MFE analysis...

Some people use volume analysis extensively. But my reliance on it is secondary to the price action. It is only a confirmation tool for me. And I rarely if ever look at the actual numbers during the day, it is just a very fast visual cue on a 10 to 15 tick range bar - red or green? Red or...

I am not sure if you are trading the tanking Euro or Futures in one of the most volatile US index range conditions ever, but there has been some craziness in the market for sure. As long as the Tweeter in Chief occupies 1600 Pennsylvania Avenue, then hold on to your cash. "Risk Adjusted...

I think I see what you are saying about $50 vs $500. But remember, I am trying to train my brain to be more relaxed about the $500 little by little as my account grows. If my max daily loss is 5% then I should not be in the realm of a $500 draw down until I grow my account to $10,000. Along...

Well said that the trading must not be forced. We must take what the market will give us. I personally think the market will give me more than 2% per day. While I think I can get the 3.8% I did on Thursday on many days, I am also HAPPY with Wednesday's .02%. Why? Because it was net...

I finished my first week on my new Micro account with Amp: https://www.elitetrader.com/et/threads/micro-e-mini-madness-2-per-day.335221/

Week 1 results: $70 gain. I am $19 below the 2% daily goal of $1089. I am off to a great start. From AMP's report for the day, showing the last 4 days: I am off a dollar here and there, but it will all work out. I will try to catch up to the $1089 I should have been at today, and...