Hello. This topic touched me, because I was in the same dilemma.
In the meanwhile in able to make profits consistently. Mostly I do scalp e-mini for 1-2 handles. My risk is never greater than 1/1.5. Win ratio is about 85-90%. I only master very few setups. I learned to be patient till these setups appears.
Here my biggest mistakes did in the past which killed my account almost several times : had to wide stops. Wide stops are ok for low probability trades. But then, go for at least a profit which is twice your initial risk trail your stops to swing lows/highs. This kind of trades are mostly swing trades and have 40-60win ratio.
Always set physical stops below/above your signal/trade bar.
I did add contracts to average up/down. Don't do it as long your not confident with the trade you entered.
I got influenced from very decent traders. Even they are way better traders than me, we have different targets, risk tolerance and so on. So, stick to your own rules and better avoid trading rooms / forums.
My target was, make everyday at least 2 points. That's enough for a living. I reached that and even more.
There are some days, I don't see decent setups. No problems. Don't trade . Other days offer plenty of setups.
I prefer to trade trading ranges and reversals.
Every time I loose more than I should, I didn't follow my rules. Take care and merry Christmas.
In the meanwhile in able to make profits consistently. Mostly I do scalp e-mini for 1-2 handles. My risk is never greater than 1/1.5. Win ratio is about 85-90%. I only master very few setups. I learned to be patient till these setups appears.
Here my biggest mistakes did in the past which killed my account almost several times : had to wide stops. Wide stops are ok for low probability trades. But then, go for at least a profit which is twice your initial risk trail your stops to swing lows/highs. This kind of trades are mostly swing trades and have 40-60win ratio.
Always set physical stops below/above your signal/trade bar.
I did add contracts to average up/down. Don't do it as long your not confident with the trade you entered.
I got influenced from very decent traders. Even they are way better traders than me, we have different targets, risk tolerance and so on. So, stick to your own rules and better avoid trading rooms / forums.
My target was, make everyday at least 2 points. That's enough for a living. I reached that and even more.
There are some days, I don't see decent setups. No problems. Don't trade . Other days offer plenty of setups.
I prefer to trade trading ranges and reversals.
Every time I loose more than I should, I didn't follow my rules. Take care and merry Christmas.
