You're gonna' want a bit more in your journal than that. Like...What? You enter here, you exit there. Yes...And? How many contracts did you do it with on that particular trade? So you gained a point. WTF. HOW MANY CONTRACTS? Spice your journal up, man. Give DETAILS! That is all we ask. You gained 1.25 points. So the fuck what?
1 contract - I will post charts next round of trades and my methodology around them. And you guys can grill me
I presume you are not doing high frequency trading. You should do some maths. ES can easily move 50 points / day You should attempt to catch a quarter of that ie about 12.5 points. If you plan to catch just 1 point, you have to go to your drawing board, and revamp your trade plan. But some people think that they could earn just a point per trade, and increase the lot size to a few thousand lots.
Avg Trade Time: 59sec Might not beat an algorithm but still HFT Congrats @DOMDOM do you trade based on Dom ?
All When I first began trading in March I used it. Now not so much, I trade based on 2000 ticks,1 min, 5 min and 15. I may explore the DOM again as it seemed to really fit my style of trading. I felt that was my biggest edge when I began. However, the group I was apart of was so negative and put my strategy down. I was really good at reading how the prices were moving in the DOM. For me its the same way the prices move with candles. I am not sure that can even be a strategy or edge.