Van i agree 100% . Sometimes the best trade is no trade .There's no bravado in this game. Each person has to look at there account daily and face the truth. I've actually started trading the mes in 5 lots giving myself much more latitudes in stops and using more aggressive scaling techniques with wider ranges so not to get sopped out .
ES Journal - 2019/2020
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Yeah, I really like your post yesterday about that.
I have three feeds going on three different machines and not one of them looks like an orderly market these days.
My five minute charts look normal, and then you realize that the ATR is 10 to 14 points and there is nothing normal about that lol
To think a week or so ago I was still getting in with limit orders at support with no more than a 6 ticks stop.
Since then there is no support and I'm not using stops - just market in/market out using my eyes and my gut.
To think a week or so ago I was still getting in with limit orders at support with no more than a 6 ticks stop.
Since then there is no support and I'm not using stops - just market in/market out using my eyes and my gut.
Zen
Yep, any noobs or journeymen need to just watch this PA, It's not an environment to participate in unless you are fast, good, experienced and disciplined. I got gutted in 2000 trying to trade that. Thought I knew what I was doing...ugh.
I used to trade with a woman by the name of Victoria Pearson. She was an associate of Raschke. She used to say "support and resistance were meant to be broken". When the bear comes out of his cave and hungry, support becomes very tenuous.
I have 10x'd my average weekly profits while trading about 20% average size. I don't know what a one lot trader does. I guess reduce to one micro. Or now that so many brokers have $0 commission stock trades just trade an odd lot of SPY.
Zero commissions rules!
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