ES Using PA $1500 Sim Account
- Thread starter Crashed
- Start date
Glad you finally posted something! +3pt for the day. Not bad.
scalping a specific setup. 1point target for every trade until i have more "money".
Thanks! Hopefully I can keep it up so I can go live. Still on a sim as of now
How about posting a cumulative profit/loss starting from today so we can see if you are successful or not?
How big are your stops?
1tick under/over my signal bar. At biggest 8ticks
Not good at all to be risking up to 8 ticks to get 4 ticks, even for scalpers don't do this. Cause if you have one loss, you going to need to do three trades to get to a little better than even when you throw in fees. If you doing breakouts, you can wait for confirmation of the breakout then retrace lower till you risking 4 ticks. If you going to risk 8 ticks, you should be targeting no less than 8 ticks, so your recovery is closer to 50%.
Entries are good but targets are too thin. Figure the maximum favorable excursion over a period of time to get a better idea of how much meat on the bone.