I am guilty of drastically switching my ideas on risk/stops etc. Sometimes I think big stops are the way forward, as the market simply isn't predicatable to within a few ticks in REALTIME, although is very easy in hindsight when there's nothing to the right of you screen except fresh air! On the day where I got killed, it was BECAUSE my stops were, as you advise, small. I was getting stopped again and again. Bloodbath. Death by a thousand cuts. Damned if you do, damned if you don't.
Your post describes two diametrically opposed approaches to trading And requires almost opposite skills (I said almost) And I would bet you donât understand either ======================== Your post also explains, in entirety, the problem Youâre not damned â youâre simply losing - and will till you can stand to lose no more Then youâll either change - or quit It is a choice RN
If you can't predict the market, you'll have losses. They can either be very small and very frequent, or less frequent, but much larger
week 1 = +$643 Week 2 so far Mon (-$1645) Tues (-$700) Wed +$2265 Thur +$639 See what tomorrow brings. Amazingly, I could have another winning week. I thought that idea was unfathomable after Monday and Tuesdays trading.
Man, I was so close to getting long the ES again, but decided to call it quits after having a good day! That would have been a beauty!
I'm not gonna trade it as i'm done for the day, but would be tempted short cl if the demand line got broken. Shall just watch instead.