ES Using PA $1500 Sim Account

Discussion in 'Journals' started by Crashed, Jan 14, 2016.

  1. Cswim63

    Cswim63

    Are you trading a specific setup and just scalping that?_It seems like your targets are small. Thanks
     
    #21     Mar 7, 2016
  2. Camdo

    Camdo

    Glad you finally posted something! +3pt for the day. Not bad.
     
    #22     Mar 7, 2016
  3. Crashed

    Crashed

    scalping a specific setup. 1point target for every trade until i have more "money".
     
    #23     Mar 7, 2016
  4. Crashed

    Crashed

    Thanks! Hopefully I can keep it up so I can go live. Still on a sim as of now
     
    #24     Mar 7, 2016
  5. Camdo

    Camdo

    How about posting a cumulative profit/loss starting from today so we can see if you are successful or not?
     
    #25     Mar 7, 2016
  6. Crashed

    Crashed

    Ummm I might end up doing that by Friday if I keep up with this journal.
     
    #26     Mar 7, 2016
  7. harami

    harami

    How big are your stops?
     
    #27     Mar 7, 2016
  8. Crashed

    Crashed

    1tick under/over my signal bar. At biggest 8ticks
     
    #28     Mar 7, 2016
  9. Handle123

    Handle123

    Not good at all to be risking up to 8 ticks to get 4 ticks, even for scalpers don't do this. Cause if you have one loss, you going to need to do three trades to get to a little better than even when you throw in fees. If you doing breakouts, you can wait for confirmation of the breakout then retrace lower till you risking 4 ticks. If you going to risk 8 ticks, you should be targeting no less than 8 ticks, so your recovery is closer to 50%.
     
    #29     Mar 7, 2016
    Crashed likes this.
  10. speedo

    speedo

    Entries are good but targets are too thin. Figure the maximum favorable excursion over a period of time to get a better idea of how much meat on the bone.
     
    #30     Mar 7, 2016
    Crashed likes this.