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Yes I do scale in when going long. I avoid it when going short

If we get a nice close, I should be able to bank a nice profit. Shut down the MES strat for now. Took a 31K loss. Now trying to revenge trade myself to financial freedom.

I apologize to everyone. I deviated from the plan. The 56 shares was not the bot autotrading. But autotrading is back in full gear now! I think I have another new years resolution…

Now I can sleep. Want to keep my average size less than one mini contract

Hi mervyn, I am afraid of the leverage offered on a full contract. Even more than 10 MNQ contracts gets me wondering, "Am I trading too big"? I have no business holding 56 contracts. I just pray that the trading gods show mercy on me when markets open. I'll trade the short side using 1 ES or NQ...

Hi nooby_mcnoob, my recent 60k draw down in December was about 4 times I estimate I would have experienced trading “conservatively” to average $1,000 a day. So yeah, the DD would have still been about 15-20K. I am getting better at recognizing when markets are breaking down for real, and...

I estimate I need to average $28,000 in profit a month to make 100% on the account. That is my goal for 2022.

$24,873 in profits for December 2021. My goal is to make at least $1000/day, which has seemed achievable to me without taking huge positions. I thought the last day of the year would rally, so I got careless and overloaded on MNQ contracts. Now I am down 9k on 56 contracts of MNQ. I wanted to...

10 yr ready to pop

TYH not looking good at the moment:

Man, what caused that spike:

Hi, I won’t deny that my exits and even entries are changed by me at times. I often try to guess where the market is headed and resize my trades accordingly. The automation is for execution, since I can’t monitor markets closely due to job(s). The automation is also to hopefully keep me from...

Here are my current standings after market rebound. I added a couple fields to show my current draw down below my High Water Mark in $$ and %. Tradestation will recalculate my average price (to my disadvantage) sometime after midnight if I hold a position overnight, so I am not actually down by...

I agree I over levered this time around. I think people underestimate the buying power they need even trading micros, unless they use tight stops. I want to keep the powder dry when market tanks 10%ish like it averages a couple times a year by my estimates. Hence, buying power reserves.

Hey Oversight, you're absolutely right! I was just thinking of you when I told myself, "Never take a loss".

Currently taking a drubbing from the market. I am currently down 11.3% (-$38,000) from my high-water mark of $341,164. I regret going for accelerated gains by allowing for greater position sizing. Once I get back on my feet, I will scale it back to half the size I currently allow going forward...

I turned strategy back on and will let it make the trades for me again. One reason for automating things is because I work 60 hours and week, so can’t be in front of the screen. It also keeps me from getting out of control with my entries, by controlling position sizing better than I can. I am...

Nice mervyn, been following your calls, and you've been spot on!

Took the money and ran!