I think this will hurt you even worse. You are going to turing into a nervous jittery amateur!
I remember Bolimomo in one of my posts saying that " avge 10 Pts per trade unless you got stopped out, you are scalping!" "you are not intra-day swing trading". Try to ride the trend at least 25-40Pts per trade. I am still not there yet. my avge $ per trade is still looking like a scalper... But I can tell you the whole idea of getting in and take 1 Pts profit then out is very wrong. You will say, no I am going to protect my account. But by doing so is not protecting your account.
We are trading one contract, so we have to hold and stayed with some pullbacks. We have to learn to see the price get through the S/R level. We have to watch the profit turned into b/e or stopped out for a meaningless profit. Especially in a first leg move. All these excise are for us to trade 2 contracts.
When you have 2 contracts, you will be out one at first major S level. Then scale the other on when move is approaching the end or move doesn't go on your way. Then you would at least get something.-really protect your profits.
lately a lot of my trades. I watched it turning profits to tiny profit, b/e and losses. But most of time, it's because it's not the best entry or the setup isn't strong enough. Sometimes the direction is right, but I was scared of getting back in... That's probably why my PnL is so poor now. I hold postion not long enough, sometimes stopped out and didn't get back in. But you just learn from all these situations. And you know how ES usually react. At least that's what I am thinking I am getting now. But getting in and out for whatever 1 tick or 2 ticks, what are you learning? It's a gambler's behavior, you do not want that...
This is so true. If you need to do it in SIM. Don't hesitate to do that! I still strong believe lots of nervous and anxieties are due to lack of trading the setups you are really confident with and lack of screentimes. It's like any new job. 6 mon in the job and 1 year in the job, you know the difference.
We got to make sure we have enough fund to keep us in the game.
If I say, "get used to it, dude", would you be mad at me?
"When you lose, you doubt yourself. When you win, you are thinking of you are approaching your goal tomorrow. " I was pretty much about the same too. But now I learned to think everyday's result as random outcome. I focus on the trades. the chart, entry and exit. good trades, bad trades. Daily PnL doesn't mean anything. If my account get hurts to the level I don't allow. I stop. I go back to SIM.
There would be less emotions involved if you just focus on your setups and trades and stop setting up a deadline for yourself. Take it easy. Look at a bigger picture!
Take rest of week off if you still think of the losses... Next week everything will be very clear!
And remember to remind me when I have those "depressing days"...
