Micro E-mini Madness (2% per day)

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

ES
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Average loss/to average win is the second most important metric. Keep a high win rate and average win bigger than average loss and all things seem to work out. I can also pay attention to MAE and MFE as a method to fine tune my strategy along with SL placement under different market such as more or less volitility..often there are more than one Logical PA point to place a SL. Depending on what the market is doing to me in terms of dynamic movements in previous completed trades during the session I may choose the smaller PA SL or the larger PA SL on the next trade.

So...Mae and Mfe can help me see what the market is doing to me on previous trades before it goes my way and I exit with a winner.

To answer your question if it was me: If I had a 71% win rate I would have no trouble trading up to 10 micro’s preferably averaged down into the position with a 6,500 account but I have to know what I am doing and can cut loses when I need to and am not afraid to double up and reverse when I get the direction wrong. Not every trader can do this. Especially, if mama is looking over the shoulder. LOl. Now this is not trading advice but only my opinion on the matter.
 
I was about to say with a 71% win rate you'd be fine to trade a $500 micro account - as long as you kept your drawdown in check. This is similar to $6500 for the 10 micros of volpri.
 
If my last 34 trades (1-contract trades) had a 70.59% winrate and an average loss of $106.15 and an average win of $106.31 after commish how many contracts would you trade with $6,500.00? no trades were held into the next session (all RTH).

Es
 
If I had $6,500 I would trade 1 NQ or 1 YM contract. Maybe 2. With those stats you should be able to easily scale up to 2 or 3 contracts at $10,000 - and then you are off to the races.
 
So now you see why I trade 1 contract? I place 1 RT per day and a high winrate is required and cannot be overcome with money management. At 2k per month it will take 2 months to get to 10K. I have booked a drawdown of $329.86 with 3 consecutive loss days (not intraday). Going live soon, but I do not know if I will start the Journal right away. I would rather read yours!



sstheo said:
If I had $6,500 I would trade 1 NQ or 1 YM contract. Maybe 2. With those stats you should be able to easily scale up to 2 or 3 contracts at $10,000 - and then you are off to the races.
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ElectricSavant said:
So now you see why I trade 1 contract? I place 1 RT per day and a high winrate is required and cannot be overcome with money management. At 2k per month it will take 2 months to get to 10K. I have booked a drawdown of $329.86 with 3 consecutive loss days (not intraday). Going live soon, but I do not know if I will start the Journal right away. I would rather read yours!
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2 months is nothing. You have a great win rate and system with just one trade per day. You are making $100 per trading day with one contract and making $2000 per month. Some people don't make this amount of money working 40 hours per week. Be patient.

Alternatively, I believe you can take these stats and trade 2 contracts safely and make $200 per day and make $4000 per month.

In either case, simply try to continue making $100 per day per contract. Change nothing but the number of contracts. Add one contract per $5000 in your account.

Starting with one contract and adding another with each additional $5000 in your account, you will reach $50,000 in 128 trading days, or just over 6 months.

Starting with two contracts and adding another with each additional $5000 in your account gives you $50,000 in 94 trading days or about 4 1/2 months.
 
However...I can do "revenge trading" and increase after a loss by 1 contract and increase the Avg Loss/Avg Win to $152.55/$180.58 then reset back to 1-contract until the next string.
 
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All this sim trading is delectable by the posters other than the OP. ES especially. They should TRY the real for once in their life.

ES is acting the maroon.
 
I think the thread is going nowhere at the moment..those serious about trading will lose interest very quickly..as I said recently..a lot of "talk"..and it means absolutely nothing!!!

once you start seeing silly GIFs and the likes..look out..only one way from there on out!!!!!
 
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