Your edge may only show up in high volatility. And by edge I mean random entries would have made money in this high volatility.
Sounds like your profit came during the period when market was very easy to trade, now we're getting back to more normal pace of things and it's getting harder.
You need to look deep inside your soul. Was “ your edge” actually luck ? I know a lot of former black jack players you thought they had an edge. I can ask one of them about his edge later when i go to home depot to buy some household items. He is making more money and consistent money at home depot and doesnt have any more roller coaster emotional ups and downs.
Marketers will say the edge is you whatever the hell that means. Pseudo psych will say the edge is being disciplined
OP, There's nothing random about the fact that there are more green bars than red bars in an uptrend and more red bars than green bars in a downtrend. You can base an entire trading career on this and never "lose your edge".
Entry is important from the aspect of setting up your long-term avg winning pct vs your avg reward to risk ratio (avg gain / avg loss). It's an inescapable inverse relationship in trading, regardless of system you come up with.
Very little info you've provided... Regardless, you picked one heck of a month to begin trading Micro Emini futures...March 2020 also known as Coronavirus Market Month. Simply, you're suppose to have difficulties in March because you're new to Micro Emini Futures. Use your month off from trading to examine your real money trade performance versus your simulator trading results / backtest results. If you don't have that (simulator trading results / backtest results)...you now know what you need to do for a proper review (comparison) to your real money trade performance after your month away from the markets. If you're sticking to your trading plan (not deviating from your real money trading)...it should line up closely to your simulator trading results and/or backtest results. If the results aren't correlated...you then know its you as the problem when real money is on the line in arguably the most difficult trading month in the history of the market. Yet, keep in mind if you've been trading the most difficult trading month of all time without knowing your Micro Emini Futures potential...you need to sit down to determine why you would jump into something so not prepared. Hopefully it wasn't because you lost your job and/or couldn't afford to sit on the sidelines for a few months until the fear/panic of coronavirus has past. P.S. The reference to the fact that you provided so little info...for example...you didn't post any daily trade results nor individuals trades for the month of March for comparison to your simulator trading results / backtest results. P.S.S. Keep a detail trade journal (private or public). Does not need to be real time. Document your individual trades at the end of the trading day via a 3rd party professional trade journal software. The above should allow you to be able to help yourself instead of reaching out to strangers at a trading discussion forum...many of which do not trade Micro Emini futures. wrbtrader
Keep trading and get about 200-400 trades in your journal for data collection , then evaluate expectancy. Then you will have your answers.
Thank you so much for your insight! I am still a student in college and I have a passion for trading. I see this quarantine time as an opportunity to get better at trading. I have been journaling my trades by hand since I started. Now I just started using tradervue and it's very convenient. I think my main problem is deviating away from my plan. I start off the day well, taking planned set-ups. Later in the day I lose one trade and I try to revenge trade. I realized that fact after the trading day is over and it really makes me upset at myself. I might not have enough sample size to be confident in my trading plan, so I will collect more data.