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I want show why trade #1 was the biggest error in judgement as opposed to trade #3 when both of them were adding to losings positions. I will do this by showing 15, 30, 60 min chart. Remember, in previous posts in this thread I have advocated an occasional look at higher TF not to necessary...

Oct 18, 2019 trades in MES. I ended the day with $172.50 profit in MES but because of some errors in judgement I could have ended BE. I want to highlight the mistakes. We learn from our mistakes or we are supposed to anyways. I took three trades and made 4 mistakes. Bad day for me even though I...

The way I trade I start getting concerned if I can’t maintain at least a 70% win rate. At a 60% win rate it is hard to make money because I am going for small profits over and over.

It can be looked at as scaling in however, it IS adding to a losing position. I will add long in a range generally all the way to the bottom and even somewhat through the bottom i.e. on the other side of the bottom but I don’t like to add much further than that and had rather just hold my...

I could, I suppose. Since averaging down seems to cause earthquakes.

I thought I was annotating every entry and exit. Where did I miss some?

No I am not using order flow at all for my trading decisions. The chart tells me openhigh/low of the bar and the speed at which they are made. safer shorting because it was a bear channel. Nothing to do with order flow. Yes I look at 15 and thirty min charts and it does have something to do...

That seems to be pretty obvious you have not looked at a chart in years. And whatever you gonna shoot are you just full of it? LOL. Getting away from the arctic circle may help?

@qlai May I ask what you see as the difference from scaling in and averaging down is or do you see them as one and the same and the terminology is just a play on semantics? What is the core issue in both?

You are free to believe what you want. But you might want to trade the concepts on at least a SIM before declaring them to be a hoax. PS I am sure ET would love to see a few of your trades???? Now may I ask why would I go to all the trouble and time to mark up a chart then type up and explain...

Have you read and studied my other posts on PA range identification..etc in this thread? I invite you to do so. You might find your answer there.

I didn't blow it big. I ended the day up around $172.50 in MES but because of some mistakes I failed to make more. The opportunity was there for much more. In that sense I made a mistake or two. I will post the charts later on sometime today I hope.

Much boils down to one's def of scalping. My definition is 1 to 8 points in the ES. Trading off charts not DOM scalping. More points in YM and NQ. I don't scalp with the DOM. I just place my bracket orders using the DOM. That is all. For me it is just an order placement or order adjustment tool...

With a small account IMO a trader is better to pay the higher commissions to trade multiple contracts in the micro minis such as MES. I know to trade 10 MES is gonna cost more in commissions than 1 ES, however, MES facilitates averaging down in spite of the higher comm rate. This may be that...

Bingo and that is why our leaders will not deal with or solve the illegal problem. Somebody has to make money to pay into the system to keep older Americans getting those monthly checks. Politicians “know” it will be their upending if SS ..medicare..etc stops. Politicians raided the social...

Man that is a big daily stop loss 4000. And trading 4, 8, 10 emini? That is too big too fast. IMO.

Fixed stops don’t work well over the long haul. I use PA stop and takes into account volatility.

I thought you did fantastic and I watched your thread. Too bad you are stopping but I understand. Other things to do. Bigger things to do. In trading one has to be focused. Almost all my mistakes trading are made when I lose my focus. Happy trading the emini's. Do come back and let us know how...

I did take another trade but then had to leave to install a hitch on the motorhome but left the exit PT order and when I just got back minutes before the market closed I saw it had executed. I made at least 2 mistakes today I wish to highlight. I ended up making $$$ but it was pitiful. Should...

Crawled my carcass out of bed real late today. Got some coffee down and looked at MES. Decided to take some trades. Took two trades averaging down on both. One was a good trade the other not so good but has a good lesson to learn. We traders eventually learn more from our mistakes than our...