20% per month trading half of the time with a 75% winrate and under 1% drawdown

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I do not feel confused at all? I have presented this thread in a concise organized manner.

20% monthly and I do not trade everyday. I am very conservative. I hope you make a lot of money today really I mean that. I would prefer 1 micro per 25k not $6,500.00.

I compare the micros to ETF's.

Good trading to you.

ES

tiddlywinks said:
Barring the omnipresent blackswan that can occur with modern equipment, software, and account keepers, bad days for me happen when volume and (therefore) range are minuscule, -OR- my day is filled with distractions causing me execution mishaps and failures. Today, none of those things are present.

Just trying to help an old-time ET'er who seems a bit lost and confused. A $6500 value account, day trading (no overnight holds) 1 micro-index contract, having a 7.5% max (daily)loss (that's almost 1000 tics on all the micro-contracts, except MES), and expecting only 20% monthly.
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You know following through with projects is so important. When I was a little boy I always had new toys as that was what my mother thought she should do to show her love.

I rush through things and never give them a chance including my trading experiments. I am 60 years old and I think its time I settle down...lol

This is the Trading sub-forum and I feel this thread is in the right place. I can always depend on the traders here at ET to get honest candid reflection. That's one of the reasons why I came back to ET but not the main one.

ES
 
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I figure those three lagging indicators that I snapshot their positions with simply give me a fast look at the trend. The indicators summarize a time segment for me. That's all...thats it.

Es
 
Moe importantly if I can decipher where the pressure is then I'm golden. I know traders that can just look at price action to see how its trading and tell where the pressure is and who is in control....no indicators not even charts. I am not one of those. I need snapshots of wiggly lagging lines near value areas or trend areas.
 
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I am convinced that if a coder would just track the OHLC in custom segments of time that he could spreadsheet repeating patterns within those segments and trade the best segments (they change)!

I am trading just one segment entering the "segment open" based on wiggly lines. I need to develop targets based on MAE and MFE along with exiting at the close whichever comes first.

What goes arounD comes around.

es

P.S. Would you believe me if I told you that there are 100% winrate segments. I have seen them. Do they consistently trade often and last long....no. Your job is to know when to trade and when not to trade. There are enough segments to keep a trader busy. Snap-Shotting moments and acting upon what you see is less interpretive and makes it easy to pull the trigger on the fly.
 
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The micros should be used for scaling. That is where their value is and can justify the heavier commission cost compared to the minis.

I do not know how to scale-trade this system. I would need more capital as I am very conservative.

ES
 
For those of you that are reading this and wondering what the he** is electric posting about? I will give you this...the use of support and resistance may be valid....but open your mind up to what I am posting about for the new meaning of Support and Resistance based on profitable segments and THEIR value areas, trend areas and support and resistance zones
 
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