Micro E-mini Madness (2% per day)

[Overnight]

Well I’ll be a piss ant. 40 grand to trade a micro es? I mean like it moves a buck .25 a tick and is mean reversion. Give me a break! If I can’t do better than that then best make haste and take to selling bubble gum on the street corner.

Are you missing his point? He is establishing a rule relative to the size of his account. So if his stop is based on the ATR and wished to risk only 1.5% of his account, he'd need, yes, $40,000.

You are doing the averaging-in thing though, so you have a different perspective.

 

[ElectricSavant]

Maybe volpri will share how he can trade the reversionary on MNQ...sorry don't mean to put you on the spot...well ok yes I did

I got so many charts open now...why not a few more.

ES

Well I’ll be a piss ant. 40 grand to trade a micro es? I mean like it moves a buck .25 a tick and is mean reversion. Give me a break! If I can’t do better than that then best make haste and take to selling bubble gum on the street corner.

 

[ElectricSavant]

What were your lowest moments?

https://www.investopedia.com/terms/b/blackswan.asp

Well I’ll be a piss ant. 40 grand to trade a micro es? I mean like it moves a buck .25 a tick and is mean reversion. Give me a break! If I can’t do better than that then best make haste and take to selling bubble gum on the street corner.

 

[volpri]

Are you missing his point? He is establishing a rule relative to the size of his account. So if his stop is based on the ATR and wished to risk only 1.5% of his account, he'd need, yes, $40,000.

You are doing the averaging-in thing though, so you have a different perspective.

Well ok...if that is the way he wants it. But is is a colossal waste of capital. Most important metric is win rate in trading. Then a trader doesn’t have to worry about that 1.5% of account size. That is another guru BS myth because they can’t teach a trader to win. Like Mr T. who is by nature a winner. No substitute for winning over and over.

I have pounded on the concepts before but seems like nobody wants to believe it. Maybe they will believe Mr H or ridicule him also.

http://systemtradersuccess.com/important-performance-measure-trading-strategies/

I ask why the sam hell would a body only risk 1.5% of their available capital? I think we all
know the real reason but won’t admit it. So we go to the theoretical... get out the calculators and try to prove by math that win rate is not important. Alas, the markets aren’t exact science as math.

NOTHING BEATS A HIGH WIN RATE OVER THE LOG HAUL.

It has capital preservation built in. It is strong psychology for a trader. It fills the account with $$$. It means many trips to Dillards for the wife. If mama ain’t happy nobody is happy!

Therefore, it behooves a trader to Get Him/Her a system, or discover a system, with a high win rate and utilize that darn capital sitting in his/her brokerage account.

 

[volpri]

What were your lowest moments?

https://www.investopedia.com/terms/b/blackswan.asp

Well I will put it this way. I have never blown a futures account and never ever had a margin call on a futures account. I use hard stops not mental and I use PA stops not monetary stops. I use initial SL and will morph to actual SL once the market moves and I am in. My PT is also initial and changes as the trade unfolds.

 

[ElectricSavant]

so you move your brackets on the chart...

Well I will put it this way. I have never blown a futures account and never ever had a margin call on a futures account. I use hard stops not mental and I use PA stops not monetary stops. I use initial SL and will morph to actual SL once the market moves and I am in. My PT is also initial and changes as the trade unfolds.

 

[sstheo]

Well I will put it this way. I have never blown a futures account and never ever had a margin call on a futures account. I use hard stops not mental and I use PA stops not monetary stops. I use initial SL and will morph to actual SL once the market moves and I am in. My PT is also initial and changes as the trade unfolds.

Congratulations. "Capital Preservation" is job #1 for the trader, any you have mastered this.

 

[volpri]

Maybe volpri will share how he can trade the reversionary on MNQ...sorry don't mean to put you on the spot...well ok yes I did

I got so many charts open now...why not a few more.

ES

Look the NQ often ...very often leads the ES. And it tends to be more directional. If I get the NQ, YM and ES moving in tandem chances are good I will be profitable in the direction of the move trading the ES. For at least a good scalp. I define a min scalp as 1 point. Good is 3 to 4 ES points. Very good is 8 ES points. Utilize that capital and I can trade 20 contracts straight out or averaged in and guess what? Mama might get a trip to Dillards.

But understand that tandem movement also needs to be viewed in terms of the larger context and the more immediate context such as price patterns (wedges..BO’s...Ranges..triangles..PB’s etc..) plus individual bars...and dynamic PA..i.e. slow or swoosh....ad nauseam.

 

[volpri]

so you move your brackets on the chart...

On nearly EVERY TRADE.

 

[ElectricSavant]

volpri,

If my winrate is 70.59% can I trade 1 MNQ per $6,500.00? What about my average loss to average win ratio? What about consecutive loss strings?

ES

Well I will put it this way. I have never blown a futures account and never ever had a margin call on a futures account. I use hard stops not mental and I use PA stops not monetary stops. I use initial SL and will morph to actual SL once the market moves and I am in. My PT is also initial and changes as the trade unfolds.