There are some people who are gifted from the beginning and get trading right from beginning, I am not one of those people. I have found that those who are like me require to learn programming to back test. "ES" has put me ignore, which is fine as my opinion of him is that he is incompetent to be successful as he simply going about how to trade just plain wrong imho. I like ES to be successful, but I think he is taking wrong paths. And yes, I have spoken to him on phone. It is one thing to have 1 to 1 risk to reward in these contests but another to have stops way beyond profits, people not going to be too happy to even offer monies to trade for them especially if drawdowns exceed possible profits.
Having emotions you WILL lose, this is a highly competitive way of life. Now back testing has limits, it gives you probabilities of likelihood and the limits you set will be violated and sometimes way beyond your imagination of never happening, but what it does show if it can be profitable. More questions you ask of your back testing, you get more answers.
No one is going to give you a dime to manage if your stops are too much as a beginner, you lose huge and take weeks to months of excellent trading to get back to breakeven, I know this as it happened to me for years when I averaged down too many levels. Companies more willing to allow you to trade for them when drawdowns are low and smooth equity curve.
Trading is having enough experience when not to take otherwise good signals, if you can drop two losing trades each day, this alone would make many traders profitable on the day. You have to, have to, have to be better at chart reading, yes I know many who don't do charting and do well, but if they did know charting, it make them better. Can you imagine going from one side of ocean to other side in a country you never been in and without roadmap and don't speak the language? Charting is a roadmap.
It far better to design methods where you making three times more than risk, so even if you are correct on 40% of trades, you will be profitable for the day. In scalping you need to be nailing 95% profitable. When you not done scalping for few years prior, can not imagine doing here after several weeks of practice.
If I didn't care about ES, I never being posting, think of me whatever you will. I been down the same path ES been on, I have experienced pain and suffering, and like a phenix, one must rise from the ashes.
