Who said anything about over-leveraging? We were talking about one (1) contract. Of course, there are several simultaneous sub-threads going on in this thread, so you must have stepped through a dimensional barrier.
I tend to forgive so you still have a chance to get in my good books! LOL In all fairness, I completely understand how you say its not easy. The chart at the end of the day just doesn't look the same as it does in real time. But in trading you never know, you just have a statistical edge that you have to act on every time without fear or emotion. Most can't, and hence why I said that you are always your biggest problem. But none of this means that the technique can't be learned and applied, even to a small account, for consistent daily returns allowing a person to live off their trading income.
It's not over-leveraging with a thoroughly-tested and consistently-profitable trading plan. Do you have one? In any case, the OP never mentioned the ES.
Rofl . Its over leveraging when the Vix is at 13.5 - low - , and your whole account is just = 5 Daily ATR ! If thats not over leveraging then what it is ?!
He said emini , so it doesn't make a difference whether he meant NQ or ES , the NQ daily range is bigger and in $ terms it is nearly equal with the ES so we are back at : whole account = 5 Daily ATR .
You mentioned this like 10 times in this thread. Tell us about your consistently profitable plan. Maybe you should work for or start a hedge fund with that strategy. You'd be a billionnaire in no time with such assured methods of profiting. Its sad. I have to admit, I clearly don't have this skill either of having a system that guarantees consistent profits. Most of the time I just try to make more winning trades than losing ones to get ahead by slowly growing NAV. So far, this thread has taught me (1) I need to learn how to time markets to perfection and (2) find a consistent winning method to trading that generates consistent profits, because clearly everyone has found the magic sauce. I am far from an elite trader thats for sure.
Sure: www.traderslaboratory.com/forums/wyckoff-forum/16270-if-you-can-draw-straight-line.html#post179217 Now how 'bout yours?