Joining the CME gang

Discussion in 'Journals' started by hilmy83, Jul 17, 2019.

  1. Discretionary swing trading of index futures without an automated approach is the toughest way to trade. Been there done that just like you...and also with NQ futures. I would have some great days and then lose a week of profits in one day. One problem was revenge trading....man, that can kill you. I would be up huge for the day and then go back to zero. At that point I should have stopped trading, but no, I got mad and continued to trade under choppy conditions. I call it "pin ball" price action. No trends...just up and down PA....causing me to buy the highs and sell the lows. My win rate was about 30%......just pathetic. You can't be profitable at that rate.

    Best approach is scalping the E-Minis using an automated or semi-automated approach. Time in trade should be under 2 minutes or so. Get in, take small profits, then get out.
     
    #651     Mar 17, 2021
    Ace66 and heispark like this.
  2. graci117

    graci117


    Hi hilmy83 - Do you still live trade on Youtube? I clicked on the link and it was not found.
     
    #652     Nov 1, 2022
  3. hilmy83

    hilmy83

    I stopped that channel a while. That was when i only traded manually and traded nq. Right now I use algo to scalp multiple markets. a lot easier to manage emotionally when you only see results afterwards
     
    #653     Nov 1, 2022
    Ace66 likes this.