I think you are being sarcastic about my $50 intra-day drawdown. I wish that could always be the max extent of the DD, LOL!!!
How big are the spreads on the micros? MYM is micro Dow, right? Is there more liquidity on the Micro ES?
The spread on the MYM (micro dow) and MNQ are very similar to the NQ and YM. I saw 3 to 5 ticks today between the bid and ask. Normally it is 1. I will check out the MES, because I see that the ES appears normal with 1 tick. Great thinking!
The action today continued to be volcanic: Hot, smokey, smelly, flowing downhill, destructive, unpredictable, and ultimately explosive. Today I was down and up and down and finally ended up about $50 I think. (I will know late tonight.) I am still on one micro contract per trade because of volatility. It was an NFP and Coronavirus day, and I should have just stayed away...! (But we traders are a mysterious bunch.) By the way, here is a great coronavirus tracker from Johns Hopkins. https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 As of this writing, 260 have been infected in the USA and 14 have died. I forgot to enter the final tally from yesterday: $103.64. This brought the total as of yesterday's close to $4,097. This allows me to trade with 8 micros at a time now. I still need to market to calm down first before I attempt such a feat though....
Your position size management is good during the Corona-virus market conditions. I wouldn't go to 8 micros...slow and steady has been working well for you. Thus, don't mess with something if it has not broken. wrbtrader
I shit you not, I made over 250k last week alone, with friday being my biggest loss ever. Lost almost 146k, not the way I wanted to end the week, but when you have a plague like this, risk is my type of strategy.
Roughly calculating, you double the account after 1.5 months (32 or 33 trading days), in this rate, you can reach from $2000 to one million in about 1 year and 2 months. Compounding with ES is feasible to that level in terms of size.
WOW, congrats on the gain!!! Did you end with week with a net of 104k or 250k? Either way, you rock. Personally, that kind of volatility would fry my brain. But I respect a lot of different styles.