I not read all these posts in awhile, so I don't know time of day or method you use. But if you are getting many breakeven trades, that is a sign of chop. Any market moves slow during 3.5 hours of lunch in Indexes, but even during "lunch" you can grab 2-4pts, by buying support/selling resistance, risking 4 ticks, best done on one minute charts. Every consider don't use stops? ES is one of the very best markets to trade chop with brief instances for sustained trend, so if you going to hang around trading it, you have 2pt targets, when you get to 4pts on the day, you stop for the day or cut back size 80%. Es is almost impossible for me to get the 5-10pts targets any more, just cost me way to much and then lose out on the consistency of the 2pts. "gives false entry/exit signals" You have to learn price action better, there are so much good information by knowing where price is in within a average swing of ES and 10 day ave of day session range, where is price on 60 minute bar chart seeking trendlines. As price gets deeper into a swing, less chance for continuation of trend and most likely reversal. Consider trading first 90 minutes tops of day session and thats it in ES, afternoon session, unless you are good at patterns of ES well, you will lose. Afternoon session repeats one of like seven patterns, study long enough you can identify. too often afternoon is out to hit stops of the day which makes for excellent reversals, watch volume as it will confirm reversals.
I would stop trading immediately. Whatever edge you may have had at some point in time has obviously vanished. You need to know why this is, before spending one cent more in the market. Test, analyse and paper trade until you are ready to enter the market. The market will be there for you when you are ready to trade with a positive expentcancy, there is no point in trading the way you have done so far in 2014 with real money. Just my tuppence worth.
Week 10, First positive week, I sure hope this is beginning of the end - the end of the continues losing streak - that is. though amount is not large, I believe I made lots of improvements as far as physiology, price action read, managing risk per trade, allocation, trade management, etc. Highlights and Lo lights: -Call options in wheat and corn paid well - due "expected" bullish reversals in wheat and possible short covering in corn. Monday is Sup/Demand report -Sell-off due to Russian operations in Ukrain gave signaled to buy ETFs, bot DIA, QLD, UPRO - still holding these -On huge rebound - bot ES PUTS, which initially went in my direction but closed out for loss.