I know it sucks, but at least you have a chance then. Maybe make a deal with yourself that you can move back to the full contract after making 100 points per contract on MES.
Day 8: Another day another loss. Got caught up in chop. Didn't realize until mid way. Very slow tape/auction trying to figure out what it wants to do. Was doing well until I got sloshed on the liquidation break at 11am ET/8am PT(chart) . I had stops but it blew past my level on that break. Looks like this week is just not my week. *On a side note- I've seen these 1, 2, 3 weak high setups in the past many times before and it breaks down when the tape is slow/weak. I will remember this setup for future references going forward.
I'd like to add that I usually perform well when volatility is high vs low volatility and a chop environment . One thing I should have done better was realize earlier through looking at other indicies, that we are in chop and I should just shut down the computer. Trying to time the breakout is hard. And it's much easier to join the breakout after it has done so. My streak of winning/performing well was during semi high volatility 1/25- 2/5. Going forward, I will objectively assess what type of environment we are in terms of volatility wise and play smaller based on the VX futures chart. NQ chop
Think about - it has gone from "I can't share how I trade" to "I can't share free information from the internet"
Day 9: Finally a little green for the week Was pretty rough, I had a bullish thesis which was correct but kept getting juked by fakeouts and shakeouts. I kind of believe market wants to make new ATH's today but I have to go to work soon so closed out my last position on a juke at 719. The 6am PT - 9am ET bottom was the low for ES....but not for NQ so I got smashed at the open. Had it been ES, I would have been sitting comfortable all day. I also got juked at the 1-2-3 top that formed yesterday on ES as well. I saw it while it was forming and was saying to myself becareful.....and sure enough got a huge liquidation selloff after 3rd high which stopped me out of my big profits/position. Thankfully I was able to buy the 670's which made back for the loss. 1.2.3. top - How did I not learn from my mistakes yesterday??