I only bankrolled $10,000 in this account, so I can't take 6 lots without using excessive margin. The purpose of this thread is to show that a small fish can also succeed (or swim).
Well, that's just part of the game. However, I plan on trading at a bare bone minimum. As I said above, this thread is about being minimalistic.
Trading days are created far from equal in opportunities, therefore equal goals are inherently useless.
Not sure I've understood what you mean. By "equal in opportunities", do you mean uncertainty? Anyway, I don't intend to become an equal opportunity trader, but my goal of making $300 per day remains intact. That objective was met for today so we shall see if what you claim is true for the days ahead.
No, I mean volatility is different every day, therefore results are different every day. Even if you adjust for volatility, on certain days when 80% of market players are on holiday (like the past friday), you can't achieve the same results. You're better off focusing on averages for weeks or months.
Too soon. Seriously. You have to take advantage of good days to compensate for bad days. My suggestion: Daily loss : $300 maximum. Daily gain : $300 minimum, $600 maximum. If you're struggling to make the $300, by all means stop there. But when it comes easily and quick like today, go for double. JM2ยข
Gotcha. Fortunately, ES is pretty active as you may already be aware of. The daily range is usually in excess of 10 points. I do not need to catch the entire move. I just need to nibble 2-3 points here, 2-3 points there.