Plan the trades, and trade the plan. Sign up a few times if needed. If you fail them all, you lack a viable plan.
Earn 2 Trade the gauntlet
- Thread starter caacapital
- Start date
I am doing what many traders do not have the courage to do. Everybody is anonymous here. Can you imagine what these people can do to ones head? I have combated it with ignore.
I need honest critique from those that I respect. It is so helpful. I will do the same for you as I do for my trading partner.
We all have something to give...new, old, failing and successful.
ES
I need honest critique from those that I respect. It is so helpful. I will do the same for you as I do for my trading partner.
We all have something to give...new, old, failing and successful.
ES
As I trade the order flow in the DOM.,..I am starting to see stuff that I had not seen before. Traders...do not give up on the DOM. I believe that I can trade from it like my trading partner can soon...I am already using it heavily in the ZB.
It's just that ES....it is so rotational in a tight range it is impossible to trade it the way that I want. The impulses wave back to BE before you can even bank a profit...there is not enough push into a zone to endure its pullback games...
ES
It's just that ES....it is so rotational in a tight range it is impossible to trade it the way that I want. The impulses wave back to BE before you can even bank a profit...there is not enough push into a zone to endure its pullback games...
ES
Well its not for lack of trying...
My trading methodology has not changed a bit. I have the same charts and I enter on the same signals. My trade management has increased with size only. I keep a journal for a reason to analyze. What good would it do if I were to not react to it?
The market is ever-changing. So am I.
ElectricChameleonSavant
My trading methodology has not changed a bit. I have the same charts and I enter on the same signals. My trade management has increased with size only. I keep a journal for a reason to analyze. What good would it do if I were to not react to it?
The market is ever-changing. So am I.
ElectricChameleonSavant
I have traded the ES 10 years ago for a fund. I was required to scale in and scale out. I have and am replaying data and testing in SIM every day.
"Scaling in" and "scaling out" is nothing new to me and I can always just enter with 2 contracts and exit with 2 contracts without scaling and get the profit. Scaling is just so much better.
My changes are not a reaction to the microloss of my first week. I am not trying to recover from a scratch that does not even require a Band-Aid. I want to bank more profit thats all...
From the first day I change the number of contracts that I traded...I could be in both the ES and the ZB...when I wasn't that gave me an extra contract to double up on one of the instruments...So sometimes I would trade with one contract only when I thought the trend was nearing exhaustion. Trading a static one contract goes against my trade sizing methodology. I have always preached in ET that balance should not dictate your trade size, but the set-up itself should.
ES
"Scaling in" and "scaling out" is nothing new to me and I can always just enter with 2 contracts and exit with 2 contracts without scaling and get the profit. Scaling is just so much better.
My changes are not a reaction to the microloss of my first week. I am not trying to recover from a scratch that does not even require a Band-Aid. I want to bank more profit thats all...
From the first day I change the number of contracts that I traded...I could be in both the ES and the ZB...when I wasn't that gave me an extra contract to double up on one of the instruments...So sometimes I would trade with one contract only when I thought the trend was nearing exhaustion. Trading a static one contract goes against my trade sizing methodology. I have always preached in ET that balance should not dictate your trade size, but the set-up itself should.
ES
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Damn straight.
Cool. Stick to what you know and the trading vehicle you know.
If you had no quantifiable edge in ES I don't know why you opted to play with it the first week. I'm not trying to start an argument here, it's just that line of action you took makes no sense.
One of the first things you would have in your trading plan would be the trading vehicle.
You are only a week down and $165 in the hole, which is absolutely nothing in the scheme of things, but it appears to be causing you unnecessary tension.
Go back to the bonds and start afresh like you said.
Good luck
Illini trader, I don't know if I'm a detractor but I suggest you read my above reply.
The trading vehicle choice and its associated characterics are an important of the trade plan.
It would be part of your trading plan that you submit to earn2trade if you wish to receive the best funding offer.
TRS,
I need to practice more in the ES. When Funded I might even trade the NQ. The trading methodology is not different and is not flawed. It is the discretionary trader that is flawed. There is a quantifiable edge in the ES with this system that I am trading. My trading partner makes a living with it on the ES.
It is very hard to trade the bonds like I do...they move like mollasses in January. It is nice to have something to trade during the hold in the ZB to stay awake. (I am embarassed to post how I lost $167.00 last week...don't ask)
ES
I need to practice more in the ES. When Funded I might even trade the NQ. The trading methodology is not different and is not flawed. It is the discretionary trader that is flawed. There is a quantifiable edge in the ES with this system that I am trading. My trading partner makes a living with it on the ES.
It is very hard to trade the bonds like I do...they move like mollasses in January. It is nice to have something to trade during the hold in the ZB to stay awake. (I am embarassed to post how I lost $167.00 last week...don't ask)
ES