ES Journal Archive (2009 - 2010)

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Quote from Laissez Faire:

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.
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LF, I'd be careful not to let a few down days or frustrating times where profits all turn to b/e cause you to change a style that works in the long run. Trading ES is about trading levels, trend, S/R, channels. There are much better instruments for scalping, IMHO.
 
Quote from Laissez Faire:

Unfortunately, I am [trading after work[
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I asked because I've been there and it really sucks (maybe I should have clarified that's why I asked). Arm yourself with patience. Not only as Rashid mentions you're tired/stressed and trading a suboptimal time of the day, but you start trading with a "job" mentality (at least I did a bit) that you don't get paid to warm your seat and that if you're not putting on trades, you're wasting your time. This led me to a lot of overtrading as in...

I`m considering if I should consider going back to scalping for 0,5-0,75 points instead of looking for 2 points + winners. [
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Nodoji has given you some very good advice regarding this. :)
 
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