then you are scaling in, not averaging. you are entering [again] because of a technical reason. that is ok. and it will work.
not yet... still not perfect. i have good days. usually fuck up sometime and even a minor mishap will wipe you out they want perfection. this is just a hobby to kill time learning a lot mostly about ranges and channels. market spends 80-90 % of time in them
wide ranges are very dangerous to trade. Market can break out at any time and the boundaries are not clear. I stay out unless i get good stoploss entry signal. staying out is something most beginners or traders with small capital or drawdown targets, must learn . narrow channels however i have done well. though that too can get you in trouble if you cannot scale in or hold, or you panic or put tight stops. trading is crazy difficult and very few can earn a living by it.
once you pass the combine, the bastards cut you down to 2 contracts, so they test you with one criterion, then they change the rules to fuck you, by cutting off 90% of contracts. i only trade to fuck those bastards.
You trade 15c with 4,500$ ?! Dude … Define a max daily loss. Something like 5, 10 or 20% per day. If you have 4,500$ (150k TST) in your account, Don’t risk more than 225, 450 or 900$. Then translate in points. ES points at your disposal are 4.5, 9 or 18. If you trade 2c then it’s only 2.25, 4.5 or 9pts. I feel like 9pts per day on the ES is the bare minimum unless you take very tiny scalper risk setups. IMHO you don’t need more contracts than 2 to begin with even with the largest 4,500$ account. Daily ATR is about 60pts or 3,000$ per contract. 3,000 sounds like a decent intraday margin.
taht is because breakouts from ranges fail... the failures may then also fail and that becomes a breakout pull back trade. patterns may morph into other patterns, so it makes sense to scalp