TraderEX -ES e-mini-One Tick Warriors Unite-Tradovate

lol..then I can learn some real bad habits to later break! I need a drink...and a smoke...and a toke...and some pills...cya

ElectricWheresMyNeedleSavant

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P.S. It has taken me years to learn discipllne. Discretionary trading is tough. I am neither profitable in Discretionary or Systematic...so what the hell...take my money.

TraderEX said:
Practice one trade per 5 minute candle. You will get better. 3 and out is a money management plan. You are not there yet. You need screen experience. You do not need to money manage sim money!
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Risk more to make more ticks, but going for one tick is stressful to me, I rather lose a bit on reversals and shoot for 3 ticks, add one at minus two ticks when you do have low losing percentages.
 
ElectricSavant said:
I need to get past losing. I get three losses each day and I am out...I have invested hundreds of hours in this...some people have it and some don't...

ElectricWasNeverGoodAtBaseballSavant
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Depends on how you "invested" it, it's a matter of finding it not having it.Some well meaning advice, rather than looking for the next guru sliding through town with the "secret sauce" and wasting time on meaningless dialogues....PUT IN MORE CHART TIME. You have to watch endless hours of price development without expectation or prejudice. Patterns well begin to emerge over time that you can test and build a trade plan around. We all see things differently and have different personal qualities..you have to find YOUR way.
 
Thanks Handle..that makes sense to me...no need to print this out..
ES

Handle123 said:
Risk more to make more ticks, but going for one tick is stressful to me, I rather lose a bit on reversals and shoot for 3 ticks, add one at minus two ticks when you do have low losing percentages.
More...
 
ElectricSavant said:
I need to get past losing. I get three losses each day and I am out...I have invested hundreds of hours in this...some people have it and some don't...

ElectricWasNeverGoodAtBaseballSavant
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10,000 hours to be an expert. NOT hundreds
 
ElectricSavant said:
all my trading days I have been told Discipline Grasshopper...now I am geing told to loosen up...
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Discipline over a losing strategy, now I'm confused. Is your discipline providing consistent results? Yes you lose constantly. I would say you have mastered discipline. Loved caradine as kane.
 
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@ElectricSavant Check out 2/3 minute Bund, it has all the S/R you need to understand charting, you see where price settles on support and resistance, trendlines work well and best of all risk is tight so you can have a risk to reward of better than inverse when scalping, you can stay in trades a bit longer, whereas scalping high action and being in seconds is not for most people. Learn patterns of ends of trends so you stop taking those trend trades that ending up losing, when you see failures to make new highs/lows, pretty good indication of possible reversal. It better I think, of having a slower definition of trend like ABC where the "C" forming comes back to test extremes but often fails at 50%, so often times get couple day trades after this. People often think many trades come there after, but risk often goes up and reward goes down. ES is herky jerky much of the time.

But as @speedo mentions, how you spend your time is huge, study study charting and risk management, instead of entries is most of important, but still personal choices.

And when you sim, have to be profitable 18/20 days, you have to be able to compete well and proving to self gives you confidence, but saves tons of money than winging it.
 
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