this is driving me nuts! ES ES ES

Quote from Lawrence Chan:

Try to sort out your old trades using historical charts, you will find that there are trades that you can take 3 to 5 pts instead of 1.5 to 2 pts.

Now, the question is - can you figure out why that sometimes your setup can take 3 to 5 pts while the other ones cannot.

You can then improve your performance by not trading the lower reward potential ones.

Yes - you will remove some good trades, but the overall effect should improve your bottomline.
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very well said.
 
Quote from traderkay:

In ES trading I enter on break of bar in my direction (give up .25), then if stop is hit I exit also on break of bar (in opposite direction), that's another .25. So automatically 0.5 points is added to all of my losses!! And my gains are like 1p, 1.5p, 2. 0.5 is like 25-50% of my average gain!!! Just to enter and exit I lose .5 point!!! What should I do? Do you guys know what I'm talking about? Anyone else ever thought along same lines? Am I insane?
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You might be if you trading like this . It makes no sense to do what you are doing. Ask yourself a question : " how does it work for me ? "
And if answer is negative, change your method .
Walter
 
Quote from traderkay:

In ES trading I enter on break of bar in my direction (give up .25), then if stop is hit I exit also on break of bar (in opposite direction), that's another .25. So automatically 0.5 points is added to all of my losses!! And my gains are like 1p, 1.5p, 2. 0.5 is like 25-50% of my average gain!!! Just to enter and exit I lose .5 point!!! What should I do? Do you guys know what I'm talking about? Anyone else ever thought along same lines? Am I insane?
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traderkay, I am amazed (to say the least) that after nearly 2 and 1/2 years on this forum that you are still attempting to trade the ES in this manner. Well, that's your choice.

As for your dilemma, there's no escaping the math of it, giving up half your expected gain on the spread is one TOUGH way to make, especially when you're essentially trading noise; although there's a bevy of marketing firms (and fellow ES dreamers) that do their level best to convince you that you're not.
 
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