Trading e-minis with $1k starting capital

Excluding the ES Journal and the AHG thread --- there are precious few exchanges of actual 'nuts and bolts' of the trades people make here - and the why's and wherefores

a dissapointing aspect of ET



Quote from IndexScalper:

You are right, I'm not doing as well as I would like. That is the whole point of this journal, to try to get ideas from experienced traders like yourself to help me overcome some of my issues. I appreciate your input and thanks for following this journal.
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True - the basis here is scalping - not position trading


Quote from fearless9:

mgabrief.
You misunderstand me.

I have a stop figure of 3 tics in mind, after all we are not discussing position trading on this thread.

In fact, what the heart of this thread is, and how far posters can stray, remains the fascination.

If you do not care for volatility then seemly get rid if it.
Volatility at one frame is trend on another.

regards
f9
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Quote from mgabriel01:

True - the basis here is scalping - not position trading
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Did you understand my last paragraph.
It holds the key to low stress scalping

regards
f9
 
Yeap
I understand your point and it is well taken
I am not scalping --- dont yet have the 'tools in the toolbox' to work that timeframe
but its certainly an interesting discussion

Quote from fearless9:

Did you understand my last paragraph.
It holds the key to low stress scalping

regards
f9
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Quote from fearless9:

[However, if the plot involves becoming a terrific paper tiger, keenly following the candles after they have been and gone and then giving ETers the benefit of hindsight, I would say that the strategy is based on a dream.

regards
f9
The OP believes he has an edge, yet has trouble following his strategy with confidence. Separating his own execution from that of his strategy and critically examining both may help him. Yes of course it's hindsight, as is all self-review, and it's tedious as hell. But it might just help him either to follow his strategy without fail, or to discover where he might need to refine his strategy further.
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bottom line is you hhave to learn to trade what the market is giving for that day. Some days is not a position trading day. The market will be too much up and down. Somedays will be a trending day and with a couple of trades you make some good gains.

You have too learn that or the market will teach you that the expensive way :(

I couldn't help but notice this on one of the best trending days last week we have had in a while and he made way too many turns. That tells me he needs to "paper trade" and learn the different market days. Once he does that he can trade with 1k and have success.
 
Made some mistakes today and it's reflected in my P/L which should have been much higher. I "experimented" during last night's session and the outcome was not good (-200).
This morning I traded much better but missed 2 setups by a tick and cut one of my big winners short.
Added new rule: No trading after hours (only premarket).

Products traded: ES, ER2
Contracts: 31
Opening balance: 1204
Closing balance: 1228
Net P/L: 24
Discipline: 4
 
Quote from IndexScalper:

Made some mistakes today and it's reflected in my P/L which should have been much higher. I "experimented" during last night's session and the outcome was not good (-200).
This morning I traded much better but missed 2 setups by a tick and cut one of my big winners short.
Added new rule: No trading after hours (only premarket).

Products traded: ES, ER2
Contracts: 31
Opening balance: 1204
Closing balance: 1228
Net P/L: 24
Discipline: 4
More...

You only trade 1 contract per trade so 31 contracts = 31 trades ?
 
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