First hour of ES price action, point by point ... Pts Cml 4; 4 -2; 2 3; 5 -7; -2 3; 1 -3; -2 2; 0 -3; -3 2; -1 -3; -4 1; -3 -2; -5 3; -2 -1; -3 1; -2 -3; -5 3; -2 -2; -4 5; 1 -1; 0 1; 1 -3; -2 1; -1 -1; -2 2; 0 -2; -2 5; 3 Sold at the three points reaction after the 7 points down move but I got out +1 when the price moved 2 points “against” me after the 3 points continuation.
Only good trade was the first one (Sold 3910) but I covered way to early. Lots of bad trade but I've still managed to make money ....
It’s all about tape reading. It tells you when to buy and sell. Wait for the psychological moments, Start small then double down on buy signals. Then one day the hardest thing is going to manage slippage. "The best time to close a trade is when you should be reversing your position" I am 1k and 2 days away from step 1 success. Hopefully I make it and without re-billing. Learn from your failures. Unfortunately it’s 5 contracts max, ES or MES ... Would have loved to trade more than 5 MES. Keep it elegant. Goal is to make 10K from TST then move to AMP + Sierra Chart Risk max 2% per day to make 2% in average. BS planning. But the ultimate goal is to sharpen my craft. To become better @ Tape Reading.
Lost 400£ overnight. Then made it back even though the action was boring, +2 -1 +2 -1 +2 -1 ... to finally lose big on the last break. Took big losses. Little gains ... -861$
Uhu... Did a reset once again. Guess I will never learn. Last try. Traded CL mainly. It moved really great today. Added on breakout, respected the local reactions. Then I've switched to ES, Done some trade but I still can't get it. Too much false break out on the lower level. Sometimes it moves just well (holds level) but it's not the norm.
Daily loss limit by 1$ Gave up 1800$ in two days. Was 50.2K but yeah I did exceed the daily loss limit.
"It’s all about tape reading. It tells you when to buy and sell. Wait for the psychological moments, Start small then double down on buy signals. Then one day the hardest thing is going to manage slippage." Proverbs 16:18 "Pride goeth before destruction, and an haughty spirit before a fall." You've been taught a lesson. Learn from it and try again.