Problems countertrend trading the index futures

I’ve had to cut my contracts in half when trading nq compared to ES due to the travel and volatility. I don’t remember ever having to do this in years past.


To some degree, it's due to the index value itself, 12000+.
A "measly" 1% move is 120 points, 480 ticks, $2400!
Truth is that's not measly at all, and certainly makes for good trading!
 
currently 2 MNQ = 1ES, based on the 5 day ATR.

upload_2020-9-1_12-21-51.png
 
currently 2 MNQ = 1ES, based on the 5 day ATR.

View attachment 238488

It is definitely getting scary up here in the nose-bleed section of NQ. And I got scared when we had that March drop, and I was looking at the 7K level and going, "Nope, cannot swing long it, this HAS to be it with the economy shutting down."

And look where we are now. #sad #covfefe
 
Back
Top