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Glad I took that big loss yesterday, as market continued lower today. I scaled back in lower and then noticing a strong bounce off of lows of 15750 on NQ, and 4600 on ES, I decided to override system and continue holding for tomorrow's action with Powell speaking. I believe today’s action was to...

Hi NoahA, the strategy doesn't look for trend or whether trade is going against me. That is just what the brain perceives when it sees the trades on the chart. Some trades may occur with the observable trend too. It actually does better trading the "noise".

Hi John, I am selling into strength, even when taking a loss. I do vary the exits though. Like after the sizable drop today, I am going for a longer hold which will still likely exit within a few hours to a day or so. Its not that I must vary the exit, I am just trying to optimize net profit.

Ok, so bot took exited all earlier trades from today, including my unfortunate adds. 9K realized loss on the day. I am back in strategy mode now to return to the mission statement of this journal, of no manual long entries. It is more fun to watch trades occurring anyway than to sit on mounting...

Well, the overnight session went well for me, making about $700. Then market tanked at the open. I took a 4K loss late morning. When I was aware of what happened, I revenge traded and got back in with excessive size, thinking a V bottom was imminent, which didn't pan out. Currently down about...

Hi Snuskpelle, I typically keep it under 1X, but 2X to 4X is within reason for me. 100% cash going into tonight's session, I have my max position allowed set to a minimum (<1X leverage). This is the bit of discretion I allow in my system, cautiously altering the contracts traded. Although, I...

I don't want to hold a full size position in futures all the time. The volatility would be too much for me. I want to get in and get back to cash with a quick profit if possible. I don't have a finance background (I work in allied health care). So all the number crunching is a bit overwhelming...

Well, I did take some losses, but was doing well before and after that time frame. Currently at new equity highs. Hurray.

Do you mean calculate a correlation coefficient? That would be a good idea. I have a PNL vs SP500 posted on the first page. I know I have benefitted from using leverage from futures and being able to trade outside US session, but that could wipe me out too.

I'll just say they didn't look good. But fortunately, those periods were the exception. I just have to avoid a blow up and trade through them. I mostly care how I compare to straight buy and hold on the SP500 which is why I keep that chart updated daily. All that matters to me is real life results.

Hi toon, I was trading MYM, M2K, MES, and MNQ. If you are curious about the excessively volatility on my %profit vs SP500 chart during that time frame, it was chiefly due to excess risk taking in M2K which I dropped from trading. Also likely prompted me to start this journal to have some...

2008 period peak to valley for both MNQ and MES would be (51,430) total. I suppose the smaller contract size was helping reduce the drawdown in 2008.

And for MNQ max drawdown would be (33,997). So trading both contract, the total would be close to 58K DD.

Here is ES around 2020, using my current max position size. So for MES, everything would be 1/10th. Max. Drawdown peak to valley then would be (23,657). Sure, it would be a hiccup but not account blowing on 300K account.

Yeah, it hurts to take the loss. But you need to LOVE to take the loss. To keep things in perspective, I remind myself my strategy will get me back in within short order.

Hi SimpleMeLike, thanks for checking in. I have enjoyed reading your replies to other posters. They are always thoughtful and inspiring. I see you are from the Lone Star State too!

Hi easymon1, Yes, I scale in, but the number of tranches is limited. It can be varied as an input, as well as the contracts per tranche. I may vary it depending on market conditions. If market looks toppy to me, I will trade smaller (like now). And more aggressive if market has dropped...

Hi NoahA, Long only. I do some short discretionary trading, to catch short term market tops. Also, I will discretionarily trade the ES short sometimes while long the MES. Basically, trading against myself. As you can see in my profit chart, there is considerable volatility during the end of...

Here is where I monitor my positions other than the actual chart. Exposure is defined as (AccountEquity-Purchasingpower)/AccountEquity;. When it gets to 100% it is margin call time! If the leverage total field of MNQ and MES is 1.0, that means 1X leverage is being used. I calculate that I can...