Your cost is $50 max? Have you ever heard of RISK? Have you ever heard of the bid/ask spread? Slippage? Unless you have a seat or something to that effect, you do not buy wholesale. Fees in addition to commission? Add what is the point of daytrading to break even? If you do not risk anything as a stop, you will only lose, guaranteed.
Let's see, you missed you classes in TA. TA helps to identify the best entry points for your money. If you hit an active, high volume day then by the time you have entered your stops you are well past 2-3 ticks. And if you witness a drop of 4 ticks immediately followed by a rise of 15 then will you begin considering widening your range? If you start chasing the market then you will always be one step behind the direction, which will put you into a losing category the vast majority of the time. Your attitude changes when real money is on the table. Try playing online poker, both the practice and on the hook with your credit card, and try to analyze your bets. See if your gamble is correct to the risk/reward the deeper in the hole you get.
With a $10K account trading the system as the op described: 1 ES Contract Stop and take profits set at 3 ticks: 5 trades per day $5 RT trading cost. Each win nets $32.50 each stop loses -$42.50 5 wins = Net $162.50 4 wins 1 stop = Net $88.50 3 wins 2 stops = Net $12.50 2 wins 3 stops = Net Loss -$67.50 1 Win 4 Stops = - $138.50 5 Stops = Net Loss -$212.50 Statistically you will lose -$55 per day About two weeks in you'll be down 10% and begin waffling. 4 weeks in down 20% you start bending your rules Better off putting $10k in a 1% paying savings account.
Commission (can be huge), slippage, spreads.....debate the fourth one which would be trend. Death by 1,000 cuts. You'll blow out that way too.
I am in total agreement with you on that! The point I am making is to follow the simple rules like robot in order not to blow up is possible. How to make money is other issue.
The house always wins, and people like you are the reason for it, you do not understand that there are times to increase sizing, let winners run, cut lose early etc. 50/50 win/lose with a 1:1 payout, plus commision=death.... slow and painful death, a 1000 cuts as said before.