$286 left

[Overnight]

If you're messing around with single lots of micros - obviously you've got no reason to worry?

By the way - I've had slippage on MES and have experienced times where I'm not instantly filled with limit orders on 5-lots. And this have been on a regular day.

Pretty much never happened on the full ES contract.

https://www.elitetrader.com/et/threads/nq-liquidity.340961/

https://www.elitetrader.com/et/threads/nq-jumping-around-is-it-ib-feed.341401/



It's not my statement, but one that's been repeated by many on this site over the years. I've never done a detailed comparison myself as I've had no interest to do so, but I've taken brief looks and I don't see a huge advantage with the NQ for my trading.

It can move further at times though - in both directions.

I suppose that is correct. I've never tried to trade 50-100 contracts on the NQ, because I do not have enough money for the proper risk management of $500,000 to $1,000,000 to pull that sort of move, in a market when it ranges 200 points per day.

 

[formikatrading]

Wow! Hurricane. I can tell just by your negative self-talk how much you're struggling.

Wow, I really didn't expect too many replies. I'm glad my failure make you guys happy...just joking.

I have an excel file that recorded my P&L since day one - 4.5 years ago. It really hurts to think about all that money I have lost, and all the time I have wasted. I burned accounts faster and faster. My first one is the most successful one, from 26K to 22K, then back to 29K. One day I had my biggest loss - 9K+, after that I keep losing, big and small...I hate the PDT rule, because of it I need to fund 26K account, because of it after my account dropped below 25K, I turned to future, future options...

I stopped trading for 6 months, I swore not to trade ever again. The worst part of trading is that I neglected my real job, as a result, as a desperate move, I funded my last (current) account with loan.

I wish I've never started trading in the first place, life was good, really good before that.

Unfortunately I'm the most impatient person, I lack self-discipline more than anyone in the world, I always thought it's the psychology part that made me lose, recently I realized it's not, not understanding the market is the real perpetrator.

I think I get the trading thing, I kinda know how the market develops, I become calm and patient. It's a bit late though, I have to use very tight stop loss, with the current volatility it's hard. I have a 10% loss limit setup on the server side, if I lose $30, I can't open new positions.

Anyway, let's forget about the past.

My biggest problem: I don't know when to stop, if I make 10, I want to make 20; if I make 20, I want to make 50.

It's even harder for me to accept loss, if I'm at a loss, I will trade until the last minute. Countless small loss days were turned into big ones.

Why is it so hard to call it a day, win or lose?

$271 as of now.

 

[old coot]

I enjoyed this exercise and the honesty of the poster. Sooner or later, he'll be back on the trail.
You like to think you can start with $500 bucks, and double that to a thousand, then double the thousand, and so on. A hundred points of ES will double the account size, and you can look at charts and see a hundred points a week SHOULD be a piece of cake. (Does not include commissions) So, by doubling your money every week, you'll make a million in 11 weeks. Something always goes wrong though, and if you think real hard about it, it's you that goes wrong. You may want to keep looking for the Holy Grail of indicators, but it won't matter if you find it, the problem is going to be in overcoming your own instincts. Once you cancel that stop, or make one more trade than your plan calls for, or make an entry from boredom...it all goes out the window. Good luck to our Mr. Hurricane, and I hope he learns to objectively see his own flaws.