your problem is not lack of sleep, your problem is that your account is too small to buffer the drawdonw, even temporary, bite off more than you can chew so to speak. have a detail plan of your active hours are and focus on that. other insutruments you can put them on the watchlist and swing (only when your margin allows), or trade micro contracts without worries.
Although I now look for bigger TF swing, sometimes I just couldn't help scalping and scaling out part of the position at S/R, adjusting stops managing trade middle of the night kills my sleep time. But even when I don't have a position, I still always wake up middle of the night, when you get older you just couldn't have a perfect sleep.
a lot of time I don't have fix stop, so once my initial order is fill, I need to wait for price action confirmation on my entry and then set stop, or wait for my 1st target to get fill. So sometimes it could take hour and I am left with few hours of sleep before the US open. Do you only trade ES on RTH?
European provide very good trading opportunity, High and low of the day are often made during that time and the move is less zigzag. I just found it harder to daytrade ES on on in RTH, because it limit to 3-4 entry per day on most days, and they are not always winner, so my profitability in terms of days drop. But I do agree I can't give up sleeping to trade, my body just don't feel young if I do that.
Well, that explains it, right there. You're clueless. Okay, let me break it all down for ya. So first, why do you need a confirmation before placing a stop? Usually, you place the stop at the same time as your entry. Those who place it afterward (or don't place it at all) means that they don't have much faith in their entry, so they need to constantly monitor it. And since you don't trust your judgment, I also know that you will be arbitrarily changing your stop whenever the trade moves against you. That is, my friend, the reason why you can't fall asleep. This is not to belittle you or your trading style. I'm merely indulging in a psychobabble to show that you need to fix what's under the hood, as it were, and not just try to change your sleep pattern.
I mainly trade the first 2 hours of the opening as there are relatively fewer trading opportunities during the Biden Era compared with the Trump Era. Of course, if there are trading opportunities during the mid or closing session, then too bad for me. If Trump is the president again, please trade 24x7 and don't sleep as there will be tons of trading opportunities.
I am not saying I don't have stop before I place trade, I do all the time that is the initial risk as Al brook would call it if you are into his thing, but that doesn't mean I just let my stop get hit all the time, I will tighten my stop when price action say it shouldn't come back, and the is the actual risk of my trade. I guess everyone trade differently. This is just my method of managing a trade, and I need to constantly monitoring the price action, if it doesn't move my way after certain amount of time, I am taking BE or small lost.