Not sure what you are suggesting. 2% per day and 10 to 20 trades per day is not fast enough? I already get criticized for overtrading, LOL. (And my "edge" and I are already good friends, thanks.)
$2,000 to $200,000 in 2020 at 2.00% per day.
- Thread starter sstheo
- Start date
Not sure what you are suggesting. 2% per day and 10 to 20 trades per day is not fast enough? I already get criticized for overtrading, LOL. (And my "edge" and I are already good friends, thanks.)
For me, confidence in strategies increase with larger trade sample size. It's just a statistics thing.
I am treading new ground here with the increase in number of contracts, even if micros. So by definition I have a new variable and do need to test it.
But ironically, this is the very time I might need to slow down a bit so that I don't hit the guardrails as I fly up the windy mountain pass in my Austin-Healey bug-eyed Sprite. I am no Ferrari, and I am a light-weight, but "I got some skills." LOL
(My dad and I restored one just like this when I was a teenager.)
Turn up the volume!
HAHA, I actually watched this just last month! Incredible.
It is going slow today. With all the crazy action I am keeping to one contract per trade so far.
1. MNQ short was a bust -40 ticks.
2 through 5. MYM shorts.
+14 ticks
+23
+10
+7
(most recent first)
It is clear I need to wait until the end of the day to do this review though. I just missed a good short.
#1 was a short after the big push up on MNQ this morning. I did NOT wait for any red in my indicators, but just went for the "overbought" entry. FAIL.
Why didn't I hang on to #4 a bit longer? Because I am afraid of irrational bulls! I still have PTSD from the last 3 years. But I am working on it.
Still green, and up $7!!! LOL (after commissions ~$3)
1. MNQ short was a bust -40 ticks.
2 through 5. MYM shorts.
+14 ticks
+23
+10
+7
(most recent first)
It is clear I need to wait until the end of the day to do this review though. I just missed a good short.
#1 was a short after the big push up on MNQ this morning. I did NOT wait for any red in my indicators, but just went for the "overbought" entry. FAIL.
Why didn't I hang on to #4 a bit longer? Because I am afraid of irrational bulls! I still have PTSD from the last 3 years. But I am working on it.
Still green, and up $7!!! LOL (after commissions ~$3)
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The market has to regain the overnight lows at ES 3362, or we may just keep fading lower into the close. That is my LIS (line in the sand).
There are no clues being given here by the Cumulative Delta plot. So I am thinking balance (or reversionary) day.
Notice the beauty of the 200 SMA as dynamic resistance right before the last leg down on the ES. PERFECT reversal point. And then the 50 sma on the tiny pop at the end. Same effect.
There are no clues being given here by the Cumulative Delta plot. So I am thinking balance (or reversionary) day.
Notice the beauty of the 200 SMA as dynamic resistance right before the last leg down on the ES. PERFECT reversal point. And then the 50 sma on the tiny pop at the end. Same effect.
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Since the 10-day average daily range of about 30 on the ES (Daily ATR) has been achieved, I am NOT looking for more down today. But as long as my 200 SMA is red, then I will look for bounces to short.
The MNQ is down .35% for the day so far and the MYM is down .86% for the day, so I will primarily look for shorts on the MYM.
But it is so hard to short near the lows. Short squeezes can be so violent.
The MNQ is down .35% for the day so far and the MYM is down .86% for the day, so I will primarily look for shorts on the MYM.
But it is so hard to short near the lows. Short squeezes can be so violent.
Indeed, we got a good pop off the lows!
This short trade on the MYM was 9 ticks with just one contract. The 50 sma had rolled over, but I got out where I did because the 200 sma is providing strong support here (for now)
Rationale: We had a strong pop off the low, and this was the first sign of weakness.
Overall the market is down today, but the bulls are fighting back.
Here is my actual entry chart for same trade, using HA candles, a stop and reverse indicator and the 50 sma. A 14 period RSI is below.
This short trade on the MYM was 9 ticks with just one contract. The 50 sma had rolled over, but I got out where I did because the 200 sma is providing strong support here (for now)
Rationale: We had a strong pop off the low, and this was the first sign of weakness.
Overall the market is down today, but the bulls are fighting back.
Here is my actual entry chart for same trade, using HA candles, a stop and reverse indicator and the 50 sma. A 14 period RSI is below.