Another ES Trading Journal

I am a pretty bad trader...been giving up 6-10 pts intraday everyday. The system can be improved, but at the expense of time during the day, which I cant afford. Oh well.

I am using nothing but excel...no charts, no technicals, nada. If i need to spend more time to improve the trades, then, i will probably use BB and stochastic indicators to determine exit and reentry points. I am using IB platform for execution.
 
Palindrome said:
I will never understand why someone would only trade 1 market. I trade ES and 10 other futures contracts. Some weeks there are zero quality trades to be made in ES in my opinion.

Why don't you pick 4 markets and trade 1 awesome setup that occurs 1 to 3 times per month per contract and make concrete money instead of your stupid ES journal.
More...

I can't understand why you are against someone trading one symbol, I suspect you more of a swing trader which is not intraday trader or in my case a scalper where I can have 40 to over 100 trades a day of less than 5% probability losing trades. Have you ever thought your definition of "concrete money" might be pocket change to someone else?

I find people like you to be rude and manners of a goat, form your own journal so we can pick it apart.
 
Handle123 said:
I can't understand why you are against someone trading one symbol, I suspect you more of a swing trader which is not intraday trader or in my case a scalper where I can have 40 to over 100 trades a day of less than 5% probability losing trades. Have you ever thought your definition of "concrete money" might be pocket change to someone else?

I find people like you to be rude and manners of a goat, form your own journal so we can pick it apart.
More...

Manners of a goat...roflmao
 
Palindrome said:
I will never understand why someone would only trade 1 market. I trade ES and 10 other futures contracts. Some weeks there are zero quality trades to be made in ES in my opinion.

Why don't you pick 4 markets and trade 1 awesome setup that occurs 1 to 3 times per month per contract and make concrete money instead of your stupid ES journal.
More...
Why knock the guy for trading just 1 market? Let him do his thing.

I may not disagree completely, I myself trade 8 different products, however, I specialize in CL and more than 90% of my activity is done trading the crude. If the OP chooses ES only, it may not be a bad thing, my guess is, he's most likely in the initial stage of his trading career (aka noob). This way he is not distracted and can remain focused. He may, however realize later on that he could actually benefit from watching multiple markets while trading the ES due to the correlation across different markets.
 
CLkiller said:
Why knock the guy for trading just 1 market? Let him do his thing.

I may not disagree completely, I myself trade 8 different products, however, I specialize in CL and more than 90% of my activity is done trading the crude. If the OP chooses ES only, it may not be a bad thing, my guess is, he's most likely in the initial stage of his trading career (aka noob). This way he is not distracted and can remain focused. He may, however realize later on that he could actually benefit from watching multiple markets while trading the ES due to the correlation across different markets.
More...
What if I already maxed out my trading capital with ES, its foolish to over trade. I am always trade NQ and YM as well, but if the correlation is strong, the result would likely to be the same.
 
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