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    How important is the win percentage?

    As an example. 4 scalps this morning all winners. market going no where. All long scalps. Except the last on was an averaged down scalp.
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    How important is the win percentage?

    Glad it works for you. I do the opposite on all fronts. I scale in (average down) into losers, take quick profits, and maintain a high win rate. But then I am a scalper. Win rate is very important, especially important, to a scalper of 1 to 8 points in say, the ES.
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    How important is the win percentage?

    It is very important. http://systemtradersuccess.com/important-performance-measure-trading-strategies/
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    I took 9 or 10 scalps today. (Don’t feel well today so I will later count them and make some comments) I do know I had 1 loss. So I had a high win rate and ended the day profitable. Will post a chart tonight of all trades. I am thinking that I am going to take a few weeks break from this...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    May 1 2020 Trade 1 Price in a range gap down opening. Price at the bottom of the range. Fade BO attempt. Average down long. Again once it is giving me a profit on my first entry or at least helping pay comm I exit. Winner.
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    Lost money after DTN IQFeed "Free Trial"

    They ain't gonna reimburse you. As far as they are concerned they gave back your 444.00 and they probably figure it isn’t their fault where your bank is at. And I imagine they figure you will take no legal action over such a small amount.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Source: Yvan Byeajee
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Final tally after trade 13 is $365.00 - 162.62 in commissions so I net 202.38 for the day. 13 trades 3 losers 10 winners Right at a 77% win rate. Lower than I like and my losses were too big and unnecessary. It was all on me. I know better. Just failed to execute properly. It burns me up. I'm...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Trade 12 on 4-30-2020 Profitable Trade 13 - Profitable The PB of the successful BO continues so I start fading it again averaging down long as price trades back into the range. I then exit that long averaged down trade on bar 14:45 at that red triangle as price trades back up and thru my first...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Trade 10 4-30-2020 Profitable Trade 11 Profitable I took a 3 contract long scalp on bar 14:25 and exited with a profit on the next bar 14:30 (one of the red triangles on that bar is my exit. Since this was a successful BO of the top of the range I then enter long again 3 contracts on bar 14:30...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Trade 8 on 4-30-2020 winner Trade 9 winner By now I am getting really pissed about making all these stupid mistakes. I short 10 contracts and cover with a profit getting back some of my losses. Then for trade 9 I draw back in a range box (I think that is when I drew it) and immediately go long...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Trade 7 on 4-30-2020 LOSS After my losing exit on trade 6 and then on the same bar my immediate reversal to long on bar 11:55. I then averaged down long twice more on bar 12:00. So my total position is now long 7 contracts on bar 12:00. Price moves in my favor over the next three bars and...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Trade 6 on 4-30-2020 Loss. I started shorting on bar 11:35 and averaging down by bar 11:40 I had a 4 lot position. I finally exited it on bar 11:55 on that first green triangle (there are three there on that bar as I reversed and went long too at that point. Here I made that same mistake I made...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Trade 5 on 4-30-2020 Profitable. I abandon the trading range box. It is no longer useful. I now draw in bear channel lines. My fifth trade is I short on bar 11:25 in the top 1/3 of the channel an average down after my initial entry with a second short entry. SL is going to be up to 6 points...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    4-30-2020 Fourth trade: Profitable Short entry on that 11:05 bar. Averaged down on the previous short entry on the 11:10 bar. Then exited the entire position two bars later at the 11:20 bar once price traded thru my first entry. So far so good. This is a technique that I don't think I have...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Here are the second trade and third trades for 4-30-2020 Trade 2 a loser. Trade 3 profitable Second trade: Look at that 10:45 big bear bar that broke out of the bottom of the range. I started going just above the bottom of the range. So far so good and according to how I trade ranges. Initial...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Made mistakes today trading. Dug a hole and had to climb out. Made it out and minutes before the close ended with a profit. I think I am going to just show these trades as they happened. I took snapshots as I took them and the day progressed. Here is the first trade. RTH's 5 min chart 4-30-2020...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    ROFLMAO. THAT IS HILARIOUS. ABSOLUTELY my mistake. I typed it wrong. I had a rough day today. Could not get my brain to think right. Could not judge the market right today. Trying to type my explanation to you and simplemelikes and trade and making mistakes. One after the other. I know better...
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Your welcome. I have no idea why you weren't getting alerted.
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    Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

    Ok good thanks for your opinions, both Trading_jean and Simplemelike. Glad to seeing you are thinking it through and chiming in. Your right TRading_jean my first 2 trades were long scalps at the bottom of a bull channel. That immediately puts odds in my favor to be going long in the bottom 1/3...
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