Sekiyo’s journal
- Thread starter Sekiyo
- Start date
I am back with TST.
No edge, limited profits, unlimited losses.
This is not a sustainable strategy.
I take a different approach now.
"Scalp" for ticks. 50:50 Risk Reward.
These are quick trades. I look at the ladder only.
Take my losses pretty quickly.
Never let them run and hope anymore.
It's a real killer.
Limited profit. Limited losses.
I've just found a pattern and exploit it.
Let's see if it's a profitable one with this TST combine.
Looks like I can get one point most of the time.
Maybe 2 times out of 3. Let's see.
I wasn't able to set the trade and forget.
I always had to move the SL or .. remove it.
If I can't accept the setup then I shouldn't trade.
This is a 50K combine.
So first step is 3K profit. 5 days min.
No edge, limited profits, unlimited losses.
This is not a sustainable strategy.
I take a different approach now.
"Scalp" for ticks. 50:50 Risk Reward.
These are quick trades. I look at the ladder only.
Take my losses pretty quickly.
Never let them run and hope anymore.
It's a real killer.
Limited profit. Limited losses.
I've just found a pattern and exploit it.
Let's see if it's a profitable one with this TST combine.
Looks like I can get one point most of the time.
Maybe 2 times out of 3. Let's see.
I wasn't able to set the trade and forget.
I always had to move the SL or .. remove it.
If I can't accept the setup then I shouldn't trade.
This is a 50K combine.
So first step is 3K profit. 5 days min.
Attachments
Last edited:
Here are some fills
*
Tiny trades.
1 or 2 points.
Today PnL:1682
It's a shame I have to lose 5K to learn lessons.
I am not able to quit. That's the worst part.
Hopefully one day I'll be profitable.
Otherwise I'll be broke forever.
Got to find another business one the side.
Should have had stayed with TST.
Instread of giving away 5K.
Would have been cheaper.
Lost 5K on crypto.
Then Lost 5K trading futures.
Total I am down about 20k gambling.
Sport betting .. Forex ... Futures ... Crypto ...
Next is going to be Options or Equity
lmao
Tiny trades.
1 or 2 points.
Today PnL:1682
It's a shame I have to lose 5K to learn lessons.
I am not able to quit. That's the worst part.
Hopefully one day I'll be profitable.
Otherwise I'll be broke forever.
Got to find another business one the side.
Should have had stayed with TST.
Instread of giving away 5K.
Would have been cheaper.
Lost 5K on crypto.
Then Lost 5K trading futures.
Total I am down about 20k gambling.
Sport betting .. Forex ... Futures ... Crypto ...
Next is going to be Options or Equity
lmao
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Top Step Trader.
It's paper trading until funded.
Yes I lost 95% of my 5K.
Thanks.
Is 1 or 2 points micro scalping ?
Average winning trade is currently 55$ net (> 1point)
Anyway. I am trading a pattern.
It either works or not.
Then I need cheap execution costs.
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Ok if your going to trade like that do 1 mes at let’s say 2950( if that’s were you want the initial buy(and a second one at 2948 ) avg 2949 and put a 3 pt stop on the combined 2 at 2945.Put a 5 pt gain at 2954 ( avg of the 2) . I’m telling you have to give yourself at least a 3 pt stop to account for giggle . But again your entry’s must be very accurate ( if your entry’s aren’t somewhat accurate then nothing works ) . If you only get filled on 1 at 2950 put a stop at 2947 . Become 100% mechanical and have no emotion . It’s your only shot at succeeding . Good Luck
I understand.
My entries are accurate.
I buy a tiny 1 point range breakout.
Most signal give 1 point minimum upside.
On the downside I don't need more than 2pts SL.
But if I go with 2pts + TP then I'll certainly lose most of the time.
I might try to protect my gains with a +1 point SL when price is in the money.
I usually break even when price goes 1 pt against me.
I take my loss when it goes 2 points against me.
It's a reversal pattern.
If I take it within the trend I can get more points I believe.
But I really don't want to have to care about the trend.
Might trade 2 contracts, Take 1 point and let the other contract run.
Then move SL from -2 to -1 then to break even depending on PA
What I can try is to trail the SL -1 point behind the last price.
When price reach +1 it move TP to break even.
Then 2 -> 1, 3-> 2 and so on.
Let's see.
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I’ll be interested to see how that goes . Jiggle alone of 2 pts is going to take you out of 20% min of your trades . I wish you luck . I’ve never seen anyone make money over time doing that with such tight stops . You’d have been destroyed in March with stops in f 2 pts . You wouldn’t have even taken your finger off the buy button and been stopped . There were 5 pt jiggles in 1 second
Got to see how the pattern evolve.
If it does survive in different environement,
Then I just have to scale the TP, SL with the volatility.
In current conditions,
A 2 points SL is just fine.
I just follow the market.
There is also the volatility of volatility.
The market can make +8 points without counter trending 1 single point.
But on the next move, the price can also stay within a 1 point range.
Sometimes the volatility is peculiarly low, that's when I get in.
There is contraction and expension through the day.