Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM

Trade 8 on 4-30-2020 winner
Trade 9 winner
By now I am getting really pissed about making all these stupid mistakes. I short 10 contracts and cover with a profit getting back some of my losses.

Then for trade 9 I draw back in a range box (I think that is when I drew it) and immediately go long in the lower part of the sideways range on bar 13:50. I then average down adding more contracts on the same bar (look for the green triangle entries on that bear 13:50 bar. So now I am loaded up and exit with a good profit on bar 14:05 with a good profit, I am back in the money. I played this trade 9 right.
13-RTH MES 5 min exit double up 10 con ave.jpg
 
Trade 10 4-30-2020 Profitable
Trade 11 Profitable

I took a 3 contract long scalp on bar 14:25 and exited with a profit on the next bar 14:30 (one of the red triangles on that bar is my exit. Since this was a successful BO of the top of the range I then enter long again 3 contracts on bar 14:30 fading what was looking like was gonna be a 1 bar PB . But it started back up on the same bar and I exit at one of the red triangles on the same 14:30 bar. Again, this is the new tactic introduced earlier.

So I am now back in the money and not quite as pissed at myself. But I still want to end the day with a profit after all commissions are deducted for these contracts I have traded thus far. So I continue trading. I don't want to end with just above a BE day.
14-RTH MES 5 min exit 2 straight scalps 3 contracs each $162.50.jpg
 
Trade 12 on 4-30-2020 Profitable
Trade 13 - Profitable
The PB of the successful BO continues so I start fading it again averaging down long as price trades back into the range. I then exit that long averaged down trade on bar 14:45 at that red triangle as price trades back up and thru my first long entry. I did good this time. Feeling better now. I am back in the groove. The session is almost ove but I take one more trade.

I take a long straight scalp on bar 14:50 adding to my profits. I think it was 5 contracts.


15-RTH MES 5 min staright scalp 5 con exit $365.00.jpg
 
Final tally after trade 13 is $365.00 - 162.62 in commissions so I net 202.38 for the day.

13 trades
3 losers
10 winners

Right at a 77% win rate. Lower than I like and my losses were too big and unnecessary. It was all on me. I know better. Just failed to execute properly. It burns me up. I'm still bothered by it as I type hours later. It was not the market. It was me! I accept total responsibility for the losses and the size of the losses. But that doesn't make me feel any better about it. I ended up doing what I needed to do, just too late to keep my losses smaller.
EOD session chart 365.00 net 202.38.jpg
 
Last edited:
May 1 2020
Trade 1 Price in a range gap down opening. Price at the bottom of the range. Fade BO attempt. Average down long. Again once it is giving me a profit on my first entry or at least helping pay comm I exit. Winner.
1-RTH 2ave 15.jpg
 
I took 9 or 10 scalps today. (Don’t feel well today so I will later count them and make some comments) I do know I had 1 loss. So I had a high win rate and ended the day profitable. Will post a chart tonight of all trades.

I am thinking that I am going to take a few weeks break from this journal. I am tired. It does take up alot of my energies thinking through why I took trades and trying to explain it in terms that a newbie could understand what I am talking about and be able to follow along. I try to be detailed where folks can print the stuff out and think through the concepts. I miss alot of trading opportunities taking snapshots and typing up explanations. Many times that makes it look like I exited too early and should have let profits run whereas, in reality, I would have exited where I did but would have entered again on the same bar or next bar or two at an even better price, thus compounding. But could not do so for typing up an explanation of the previous trade. I trade manually so it is like spinning several plates at the same time. My brain needs a break. See, I don’t think thru all this stuff in detail when trading live as I operate mainly on instinct, second nature, and my executions are without a lot of thinking. That is, I do not have to expend alot of energy thinking about it because the concepts are already ingrained in my sub-concious. But to explain it,.... well it takes alot of time and energy.

I will post todays trades later on one chart that includes the entire session. I will try to include a few more details like SL’s, PT’s, initial risks, AR and R:R as most traders seem deeply interested in that. I have a very simplified way do doing this stuff live so I don’t mathematically sit down and calculate these things before and after trades. I just know where I am in at and where I need to get out for a profit that generally is enough to at least pay the commissions on my first entry (if averaged down trade) and profit on my other entries. Many times it is a good profit on all the entries.

Hope you had a great day today.

volpri
 
Enjoy the break in case you indeed take it Volpri. Thanks for your journal so far, really interesting to read a fellow trader's day and compare it with your own. Especially is that other trader is a lot more experienced.

Don't forget to come back!

P.S. I did not forget about that post I was going to make, but will probably do so over the weekend.
 
Volpri,
Seeing how much time and energy you put into your posts is extremely rare and I think you should be using your time and energy more wisely.
I think your posts are genuine and from the heart but your methods as great as they are for you will not be the same for anyone else. What you see out of the market is what you see and what I see is what I see.
My point is sharing intimate details that most likely took you years to acquire shouldnt just be posted to the masses because they lose their value which is your value. I only say this from the standpoint of your audience will let you down everytime and the really smart ones well they just might start going popo on your pb. Kidding but look man. just post your p&l everyday and quit the charts n lengthy explanations.
If you are a successful trader then act like one and mind your business because there are only so many contracts and once you size up if ever you will wish you could delete these posts that go to google. anyway you dont have the holy grail but you are making money and trading a lot which is good.
i have appreciated your posts you only owe yourself self respect not anyone here telling you to be more clear on your charts. Lastly keep up the great work if you are profitable you are part if the 5% club and there is a process to keeping it this way.
 
Volpri,

Based on your posts from the last couple of days I had some questions and remarks.
To make sure I am not referring to things you explained several times earlier I started reading your journal from the start over the weekend. Well, reading... it became rather studying almost instantly. Amazing how much detailed posts you keep here in this journal.

Instead of asking you why you would ever go short in an uptrend channel and more similar questions I will use your break to try and catch up with what was posted earlier. I have a feeling my initial questions will be answered and I will have dozens of new ones ;-)

Enjoy your break and take care!
 
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