-Non compliance with hard stops. -Extremely poor risk management, overshadows edge. -Can't lever up with non compliance of hard stops. -Risk of ruin great. -Exposing trade to increased loss lifetimes, exposes to high range variance/drawdown. -5-10% percent of days, intraday drawdown approaches $200.00. Most days no intraday drawdown. -If intraday drawdown is taken when needed. >10 times the intraday drawdown should not happen.
Intraday margin levels are around 500 per contract. Obviously can’t hold overnight. The account is a test account. Brokerage checks at 15:45 EST USA for any unmargined positions. Automatically closes them out. I like trading tick movements. Most entries are only held for few seconds to minute. If there is discipline in following risk metrics, the edge could multiply small account 100 fold secondary to low intraday margins. Most sessions only trade for a hr or two. It’s all based on motivation and how I’m feeling. The brain syncs with price action.