And just like that, there we are. 3900 and then some intraday. What a difference a day makes. Why do you think I am currently in a heavy swing mode? The market moves are too large (for me) to sit there and worry about stops! Monday my MNQ was down 1400 points. Today it was, at one point, down like 750 points. As it sits now, it is down like 950. Combines were designed years ago back when the markets didn't move. Now they do, in a big way.
I am glad you’ve found how to handle this market. Swing trading is definitely the way to go or at least watch the 4 hours chart and seat tight till there is something to do on the lower level. I can’t swing with TST as the positions must be closed for maintenance time. Thanks for the insights.
I believe TST offers the micro combine, which allows for ON holds. Or maybe it is not them, the other place? That's kinda' why I was egging you on about the MES. If TST is really the place that allows you to trade the micro combine, and allows overnight holds in that combine, why would they not allow it on the 150K mini combine when using micro products? *shrugs* You'll have to dig a little into that.
Yes this is nonsense but I am not going to blame TST for my failure because I knew what to expect ! I believe they do offer a swing account (micro account) but here are my combine's rules: Make sense to trade MES for Swing trading during period of high volatility.
For trend following I use MA slope as direction indicator and only enter with that direction. This may sound obvious but one can be misled by higher frequency variations and mistake them for the (new) trend and having a rule for choosing the direction of the entries saves you time and eliminates guessing. In the meantime, be careful with the daily/weekly loss limits. They are tight.
thanks buddy. I definitely try not to fight the trend. Even though there are reactions of reactions. I try not to miss the big picture for the “noise”. I’ve simplified such as buy support in uptrend, Sell resistance in dowtrend. Let’s see ! Trying to squeeze the reward to risk, Cut short loss and let profits ride. Found some nice spots, But had not the balls to hold, Some 10:1 reward to risk lmao (overnight).
Wish you luck. But if you don't want to have weekly loss limits, try our 150K Practice Session. It's faster, it's 7% cheaper and you don't have weekly loss limits even at step 2 (Qualifying Session). By the way, Step 2 of our Trader's Recruitment Program is always free for your first month!
You have daily loss limits, with outrageous scaling ideas and outrageous trailing drawdowns. Please stay out of journal threads geared to your competition? Oy! $250 maximum limit on a daily on your small account. That's FIVE POINTS ON THE ES. FIVE (5) points on the ES. FIVE POINTS.
Every prop firm has dalily loss limits and trailing drawdowns. How are our limits worse than anyone else's?