ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Decided to take the day in simulator after yesterday`s violation of my plan. Of course, I might have traded differently if I traded live, but this day ended in the red as well.
I left profits on the table and all my stops were triggered. I`m considering if I should consider going back to scalping for 0,5-0,75 points instead of looking for 2 points + winners. Scalping with trend and ride the rare big winner when I`m lucky.
The only thing about scalping is that I`m not comfortable trading with anything less than a 1 point stop at best, preferrably a 1,5 point stop. That gives a poor risk/reward, but if I can maintain a high accuracy, it could be a winning strategy.
I have made much money scalping with more size in the past, but the idea of using wide stops to take small profits does not gel well with me. On the other hand, taking many small profits with size and making money does make sense.
I think I`ll stay in sim for a while and reassess things.
Unfortunately, I am.
I left profits on the table and all my stops were triggered. I`m considering if I should consider going back to scalping for 0,5-0,75 points instead of looking for 2 points + winners. Scalping with trend and ride the rare big winner when I`m lucky.
The only thing about scalping is that I`m not comfortable trading with anything less than a 1 point stop at best, preferrably a 1,5 point stop. That gives a poor risk/reward, but if I can maintain a high accuracy, it could be a winning strategy.
I have made much money scalping with more size in the past, but the idea of using wide stops to take small profits does not gel well with me. On the other hand, taking many small profits with size and making money does make sense.
I think I`ll stay in sim for a while and reassess things.
Unfortunately, I am.
LF,
In my opinion, in order of tradeability... (less chop)
1. Globex (night session)
2. RTH .. Morning
3. RTH .. Afternoon ... (Root Canals frequently more pleasurable)
Having #3 as your only time to trade AFTER work stress is a bummer. Trading the hardest instrument at it's worst period.. Maybe you can at least watch the early part of the Globex? I have found some very sweet trades that persist, unlike the barb-wire the afternoon frequently is.
I personally like afternoon trading but maybe its because I wake up late.
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