a day straight out of Hell for most beginners King of range on a trading range day-2nd leg failures and numerous single legs in ranges i was on top of my game
I find that heart breaking what are your goals? I find that many goals are poor. when I started I wanted 3m. I see people say “I want to trade” Proper goals beget proper methods if results are analyzed. Or some people have no goals and are lonely, post a lot on trading forums.
96.7% wins with longest trade>3.5 hrs? Grid trading without a stop loss and 2 pts take profit When it goes tits up, the account is blown.
If you can recognize strong trend days and avoid fighting the trend then your chance to blowup is only 0.1% which is still … a certainty. I once bought, what I thought was low, on a strong down day. Something like 100pts away from the top on the ES. Well … price went down another 100pts and more. It took 2 or 3 days for the market to recover. On that day, the MFE was something like 1 point lol The market pulled back but below my entry price. Shoulda coulda take a small loss. But Padu said 100% is doable therefore I didn’t take it. Of course I blew up. Now I use stops Unless you use very little leverage, not taking loss is just a matter of time until complete blowup.
Hi @padutrader are you a scalper now that your average holding time is about 1 hour and some minutes? I was also doing some calculations based on some assumptions Total profit 3050 equity 103 754 assuming you started with 103 754 minus 3050 your growth is approximately 3%