No offense
@sstheo , but I have to call it the way I see it, and it sounds to me like you had a bit of a crash in your account. You can talk all you want about how you have less time to post, how your mentor is saying you're distracted, etc., but if you made $500 instead of your typical $100, you would be in here sharing this. (ie. you would be sharing a success if it happened, instead of switching gears which is what happens after a failure)
There never really was any point, in my humble opinion, to you sharing long posts. Those cute little screen captures of the largest drops took a while to assemble, but it really has nothing to do with how you trade. All you had to do in this journal, and all I ever thought your intentions were, was to share your trades and the growth of your account. This just requires a chart upload along with a screen capture of your account balance or whatever you were willing to share. It was supposed to be as simple as making an average of 20 ticks per day, just as an example, and then trading 2, 3, 4, 5, 6, etc. contracts based on the account going up every $500.
The way I read what you wrote, its as if you're explaining that even higher internet speeds and wider stops couldn't stop the carnage to your PnL. Heck, even switching instruments is now on your radar because of the huge volatility. Mind you though, I do completely agree with this. The NQ was moving 10 points in 1 second. The only way to combat this was to literally increase the stop to 30 or 40 points and trade only 1 contract. (but it sounds like your 40 tick stop, 10 NQ points, just wasn't enough, and it clearly wasn't)
I bet you got frustrated by the stop-outs after the violent moves, probably right after entry (it was happening to me as well). And so now because of this, you're saying you're going to be posting less because you need more focus, and switching instruments, and blah blah blah, but really, its just probably because of a horrible day with many small losses that added up.
When I look at the 1 minute chart, it really doesn't look much different than any other day if I don't focus on the price scale.
View attachment 220811
But when I add in just one piece of information, like my lines indicating every 50 points, its clear how huge these moves were.
View attachment 220812
If we consider the NQ has a range of roughly 100 points each day, give or take, but now see a range of 400 or so, I think this means we have to increase stops by a factor of 4, and reduce size by 4, and then we get some equivalency. Of course its easy for me to say all this in hindsight, but that chart above really doesn't much different than this next one I picked at random that looks almost similar in terms of how it moves up from the open, and down to the open again, and then back up.
View attachment 220813
But when we look at those same 50 point lines, it becomes obvious what the difference is.
View attachment 220814
Anyway, I guess what I'm saying is that I wish I'm wrong and I wish that you didn't have a horrible day, but I feel like if I read between the lines, there is quite a bit more to the story. And now you're going about changing everything yet again, and the goal of this journal is completely lost. I really wanted to see you succeed and think you can, but simplification is key. There is no need to make long posts, but just sharing how the day turned out is really all a journal needs.
