Here is the blow-by-blow showing all of those stupid short trades. The earlier trades are not showing due to a bug in Excel...that I am working on.
%% I like to milk a trend for all its worth, SYSwise; but as far as exit to early or late ??Prefer late, but not so late, as to take away profit., I would never ever have that many choices-you may in May, if you want. A trend is either uptrend, downtrend,or lately in QQQ cash sideways= slop/chop trend/with dividends.So really its one of the 3 choices; its not rocket science. Good thing about one day;put 200 days together+ 200days can really add up or down.
Yeah, but easier said than done...especially when ES or NQ are moving at the speed of light. I mean if I'm quickly up 10 ticks, I usually get flat immediately....rather than take the chance the market will wipe out half those profits in an instant. And no, I don't use trailing stops....they tend to dilute profits.
%% True, more true than sell in May + stay away= as IF quitting is good work habits. As Dave Ramsey says ''staycation more than >>vacation. NOTE the cash SPY or ES ,QQQ ,SQQQ will have up trend days some times in a month;+ have few+ shallow pullbacks. Actually the exchange gave you helpful hint=ES is designed for trading. that one of reasons they pay no dividends. True on trailing stops; they dilute profits short term but can capture >> more % in a good trend, medium term, long term or even in a good weekly trend[if fairly smooth-many are not LOL.,
What a day. Started-out disasterously....of course, because I wasn't in at 8 am....I was still sleeping. There's no sleeping in these markets. Today I got stopped out way too often...many were top-ticks or bottom-ticks...and you know how badly that sucks.
A terrible win/loss ratio.....natch given tight stops. I gotta widen my stops when the volatility picks up. A few big winners today saved my account from depletion.
I've now inserted commentary on some of the trades. Whew, that large, early loss hurt....obviously my stop was too wide. Sometimes too narrow, sometimes too wide....it can drive a trader crazy. Setting stops is so much an art-form.
Hillarious...and to think I fly down interstate at 70 MPH (wife driving) and daytrade off a hotspot from my Ipad to my laptop.
Um..micro’s can work if a body is willing to average down 2x2x2...etc as far as their billfold and heart desires...get loaded with 20 or 30 40..50..micros then market pops ones way for 5 to 10 points...do that 3x day and you got at least your 500....oh but that breaks the rules of the gurus...forget it....that is, that I ever mentioned it.