I don't trade huge amounts, I only get to substantial positions when I'm averaging up and the trend is to die for. Don't bother with hedging. When I used to trade the YM I would hedge with ES but since I switched to CME I've had absolutely no problems. Anek
I, It's all in the journal. As far as time based charts, I don't like them except for an anchor reference. For trendline breaks you must examine the previous swings, please read all of my work, it's all in here. Anek
just for the record today I traded 1 contract trying to use the scalp method explained by Piscuy (or what I think I have understood of it) with my exit rules , since he didnt explain that part yet This is the result: 38 trades = $167.20 commissions gross profit $660 net profit $492.8 I was able to let some trades run , 3 trades made respectively + 11.75, +9 and +13.5 . Gross point 33, as you can see letting those 3 trades run made the whole difference. I'm very stressed and I'm too tired to post my charts (sorry), It's been mentally painful to be disciplined, and I'm paying the toll right now. See ya tomm. edit the trades were 38 not 33 , the number is now correct
Mark, Sounds like Piscuy's typical daily performance except for the car size. Very prudent of you to start a new method with minimal car size, which reminds me, why so stressed when trading 1 NQ considering you have moderate trading experience. Anek
Heh, yes, the stress was not caused by the car size, but I've been extremely focused the whole day trying to execute the trades exactly as explainded by Piscuy. As you can see I didn't post today to keep my concentration at its max. I hope tomorrow will be more relaxed. Going to bed now, I've finished all my energies, shees.
It's a new method, give yourself a pad on the back for making money on the first day. It's like going to your first day of school and making love to your new hot looking teacher Anek
We can go over some of your trades. What time frame are you trading? That is extremely important since the lower the time frame the more trades it will generate. Just so you know, This is one of my trading methods. I trade what I am able to see, I take the opportunities as they come. In combination with other price patterns they give you the earliest entries. For example, a double top or bottom that is forming. I am glad that you made some profits today, it was the first day. The stress issue will diminish with time as you get comfortable with the time frame and the trading style. Congratulations, job well done. P. P.S: Now you know that it works. The question that remains is if your comfortable trading it or not?