Do you have the data, on how many in % of your loosing trades were short / long ? If not, - try recording that. Record each trade in journal/excel/notepad. After a while, you may find some interesting results in that data. e.g maybe 70% of your losing trades, comes from being short, then solution is simple - stop going short, no matter how tempting that is (it's like smoking, one simply, has to quit) Also search for patterns among biggest winners / loosers. Search for winners and repeat, identify losers and cut them off. Move to a larger time frame. Less uncertainty/volatility.
Damn, hit my daily loss limit, I was so eager to trade. Should've manged the trades better, I moved SL to BE for the only trade that shouldn't use BE. As a result, every trade ended up with the worst result. 3 trades, two losses, one triggered BE order. PL: -36 Current Balance: $274
May I ask you why did you decide to go long at 9:50:10 and why a (large) stop at 9:51:02 was triggered? Do you use a DOM and / or what kind of chart?
Why do you think oil etf specially leverage ETF like UCO can be a longterm hold in the current oil situation? The "roll yield" would eat away all the upside movement. Are you just joking or is there something I don't understand?
The following is a 100 tick chart that I use (ES instead of MES). I hope that will make sense to you. The arrows are your entry and exit on this ES chart. Best!
I became very impatient again since yesterday, I have made 2 trades after I opened my trading software 10 minutes ago. Yesterday would be a disastrous day like before If I didn't have a daily loss limit on the server side. Yesterday's loss did a number on me, if I traded tiny scalpers, those 3 trades would end up in green in stead of hitting the loss limit. I decided to only trade tiny scalpers for a while. I would trade multi contracts if I want to go after bigger profit. I also need to train myself to get out as soon as the market goes against me. Patience, patient and patience! It would be a success if I don't lose!
Tiny scalp your loss. Not your profit. Don’t counter trend. Don’t be impatient. You better scalp into strength. Buy trendy break out.