The CL/NQ experiment

do I read clear : you entered :

- 2 trades of 1 unit at 94.6
- 4 trades of 1 unit at 94.7
- 2 trades of 1 unit at 94.4
- 3 trades of 1 unit at 94.3
- 3 trades of 1 unit at...
- 3 trades of 1 unit at...
- 3 trades of 1 unit at ...

?
 
Quote from NoDoji:

Two experienced futures traders independently told me to learn to be consistently profitable trading a single contract. They said if I couldn't find a way to profit trading one lot, I should not even consider more than one.
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I am trying to think of an analogy to trading single or multiple contracts in other fields.
The first thing that popped into my head was working with power tools vs manual tools.
It used to be that one had to be trained on manual tools b4 they could move to the power tools.
Another thing would be slide rules and calculators. I don't think that today many people know what is a slide rule, let alone how to use one.
Since I used the word bullets, in the army one does not start his/her training with a machine gun. This is the closest analogy to yours with learning to trade with 1 contract.
Nevertheless, trading is stressful enough and if multiple contracts traded makes it easier, then so be it.

Gabe
 
Quote from AAAintheBeltway:

OP, Just so I don't have to go through 30 pages looking for it, do you spell out your entry/exit rules anywhere?
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Sorry but I have not written about my rules in this thread yet.

Gabe
 
Quote from NoDoji:

experienced futures traders independently told me to learn to be consistently profitable trading a single contract. They said if I couldn't find a way to profit trading one lot, I should not even consider more than one.
More...

I think all in all out psychologically damages rear view mirror traders (greedy?) which most of us are as well as suggesting we know the future (it will stop here!), Especially those that don't have a continuation setup.

I really hope you can describe how you do on trend days as you must surely either be leaving a lot on the table or buying highs/selling lows.
 
Quote from smallStops:

do I read clear : you entered :

- 2 trades of 1 unit at 94.6
- 4 trades of 1 unit at 94.7
.........
More...
I rarely enter trades of 1 contracts.
I use Ninja Trader and it splits the trades up.
If you want to know the exact distribution you'll have to look at the entry times (down to the second)
In reality I had 10 trades even though it shows as 21 trades.

Gabe
 
Quote from Rashid_G.:

I really hope you can describe how you do on trend days as you must surely either be leaving a lot on the table or buying highs/selling lows.
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I do leave a lot on the table.
I am re-evaluating my strategy and next week I will implement some changes.
Overall I believe I have a strategy with an edge and the problem is the part of my body that lies in between my ears.

Gabe
 
Quote from Gabe2004:
...
Overall I believe I have a strategy with an edge and the problem is the part of my body that lies in between my ears.
Gabe
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you are bluntly self-honest.
 
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