2k to 20k

[virtusa]

To accumulate 5 points per day is delusional,

Depends on how good your system is. In a 70 points daily range it is possible to catch 5 points consistently.
But it can take years before you will reach that point, and most will even never reach that point.

The main reason is that anybody who has 500 bucks can daytrade. No knowledge is required to open an account and trade. You should just be able to read and write. That declares the main reason of the high failures. At least 80% of people who try to daytrade should never make any attempt as they are not qualified.

You cannot compare the MES/ES anymore with what they did 5 years ago. Markets have completelly changed. Volatility is hugely increased making MA not work anymore at all.

 

[Sekiyo]

Talking and trading are 2 different worlds,
Trading forward and backward are 2 different worlds.

 

[Sekiyo]

Alright …
Next time is to post my PnL
Since then I wish you good trading !

 

[virtusa]

View attachment 302799

I use a similar excel for many years already. It has more options and includes commissions, slippage and other things that should give you a more accurate result.
I will attach the excel in this post. Interested people can then check if the excel would be interesting or not for them.

Some information about the cells in the excel:

• A6: starting date
• B6: account size
• C6: number of points profit. Can be chnged from 0 to …
• D6: withdrawal. If Y then the amounts that are withdrawn from the account are included in the calculations. If N then they are ommited.
• C8: from what account size the trades will be done in ES instead of MES.
• B12: point value in dollars
• B13: commission + fees
• B14: maximum number of contracts traded in 1 position
• B15: stop in points
• B16: risk in dollars
• B17: risk in % on account
• B18: margin per contract
• B19: slippage in points per RT (so slippage in and slippage out)

ONLY YELLOW CELLS WITH RED NUMBERS CAN BE CHANGED

Column L: the amounts that are withdrawn from the account

The arrows in C2:C4 increase or decrease the points in C8 by 0.25 each time

Column N: the real risk on the account size as the number of contracts are rounded to the closest integer

 

[Sekiyo]

Yo, Basically made my first trade.
It's more of a scratch but ok to begin with LMAO

Basically traded the reversal on the 5min,
Bought the breakout @ 62.25 on the 1min
Even though I'd have liked a tighter base ...
By that I mean a little pullback on the 1 min below 62.5

Here we went "straight" through it, from the bottom of the base,
Then the price staled for 3min just above, little candles, not much conviction.
I didn't like that slow price action therefore I closed the trade.
Risk was 5 points maximum at daily low.

Sold 63.25

Anyway ... Going to sleep.
See you tomorrow.

 

[Sekiyo]

Paid a lot of commissions on MES today,
Didn't make much money.

Didn’t trade the full session,
Came for 11.30 am (Exchange time)
Waited one full hour before to pull the trigger.
MES was in a range, bought the breakout
Then it made a lower low to shoot up 20pts …

Took some trade here and there.
Basically got chopped up.

Then I made about 9 points on the MES 2nd leg up.
Was actually down 18$ because of the commissions.

Eventually scalped some 6J overnight,
Made tiny little gains. Very sketchy trades.

From yesterday's PnL I am up a little 0.62%

 

[schizo]

Lately, this quote has been on my mind a lot :

There is an old saying in gambling,
That when you sit down at the poker table,
Expecting to take everyone else's money,
Of all the players sitting around you,
If within five minutes,
You can't tell who the sucker is,
Then chances are,
The sucker is you.

 

[Overnight]

Lately, this quote has been on my mind a lot :

There is an old saying in gambling,
That when you sit down at the poker table,
Expecting to take everyone else's money,
Of all the players sitting around you,
If within five minutes,
You can't tell who the sucker is,
Then chances are,
The sucker is you.

The market isn't a poker table. The moment you realize that, that is the moment you stop being a dumbass using stupid over-used aphorisms to excuse your shitty trading.

 

[schizo]

The market isn't a poker table. The moment you realize that, that is the moment you stop being a dumbass using stupid over-used aphorisms to excuse your shitty trading.

Having a bad hair day? Oh wait, you don't have any hair. As far as shitty trading goes, hmm, I have no further comment.

 

[Overnight]

Having a bad hair day? Oh wait, you don't have any hair. As far as shitty trading goes, hmm, I have no further comment.

*BELCH*