I am yet to master my psychology as far as trading ES is concerned. Also, have to master a few setups. So, henceforth I am going to trade ES only sim till: 1. I make money on at least 15 days out of 22 trading days in a month AND, 2. I make money consecutively for 3 months in a row. While in this sim period, I will take < 6 trades per day. My main focus would be to develop some systematic strategies - define some setups and trade only them. So, all my trades from next week on this journal will be sim trades. Have a nice weekend everyone!
If so I will eat my figurative hat! (edit: assumed you meant today only of course, hat not on the menu after 4:15!)
That's not much of a bet, how about this you wax his Lambo for next 3 months and pick up his dry cleaning? J/K
Couple modifications before I can start trading ES live again: 1. I must make money on at least 18 days out of 22 days in a month for 2 consecutive months AND 2. I must make money consecutively for 3 months in a row.
18 out of 22 ,pretty steep,how bout 7 out of ten,and losers will be smaller than gainers,and the shrink part be unconsious or don't have a conscience,so less or no thinking from the inside out, reacting to the whats in front of you
How about, you trade a $5K sim account with 1 contract until you double it to $10K? No resetting, no cheating, only 1 contract per trade. If you get down to $2K, keep going. Don't blow the account on purpose. Once you blow it for real, then you get to start over at $5K again. What do you think?
I have a feeling that I might be able to achieve it, looking at 1/2 point win for 2/3 point loss. So inverted risk:reward ratio. If after 3-4 months of sim, it turns out to be pretty steep to achieve, I will reduce it. For now, Planning to take that 1 trade per day or maybe 2 trades in a day that I am really confident about. And even if I get 1-1.5 points per trade, will be a good start. Basically, aim is to become more consistent. The post you made in my journal has been really insightful. Many Thanks for that!