As you might be able to tell English is my second language and its very difficult to explain everything the way I want to. Now of course I do have some winners time to time but nothing compare to the loosing ones. I ll get 3 winners and 8 loosing trades sometimes. Also My main problem is that I am always getting stopped out and I guess since the NQ is trading all over the place at times is very difficult to predict. And when I wide my stops its going against the rules where you are over risking in relation to your account size. As you can see in that pic all indicates that it was going higher where I circled but it went lower and I guess my problem is not being able to define either if is a trend day or range day and how to approach it. Unfortunately my account size is not big enough to trade big products yet. Thank you for your response !
As you might be able to tell English is my second language and its very difficult to explain everything the way I want to. Now of course I do have some winners time to time but nothing compare to the loosing ones. I ll get 3 winners and 8 loosing trades sometimes. Also My main problem is that I am always getting stopped out and I guess since the NQ is trading all over the place at times is very difficult to predict. And when I wide my stops its going against the rules where you are over risking in relation to your account size. As you can see in that pic all indicates that it was going higher where I circled but it went lower and I guess my problem is not being able to define either if is a trend day or range day and how to approach it. Unfortunately my account size is not big enough to trade big products yet. Thank you for your response !
I will try studying the distance of the swing by the hour and the waves as well. Thank you for your response.
@pauloboss I have no idea where your trade entry and exit is in the chart you post. It sounds to me like the problem you have is that of timing your entries. If you're always getting stopped out, then clearly you're either entering too late, or your stop is too tight. You will need to show examples of clear entry and exit, preferably on a 1 minute chart. Without seeing how you are entering and exiting, nobody will really be able to suggest how to help.
I can't tell you what to trade, but I would start with one future, but watch as many as you want. Do test trades (not real) in the others and see what gives you a better risk/reward.
Neither will work for you since you don't have a methodology that's working. They are all excellent for day trading, though. However, if you're consistently wrong and consistently being stopped out, you could simply reverse engineer your "strategy" and start doing the opposite.
I've heard of inflation, but this is totally out of order: even I'm not paying that much for a coffee. I'd want a really good bottle of vintage wine, for $100+. This is a supremely artificial and questionable principle, for many reasons. If the very best trade of the day happens to be the fourth, you're going to miss it? If there's a day without three good set-ups, you're going to trade anyway? Here's the thing: either your method of trading has an edge over the market or it doesn't. If it doesn't, you shouldn't be trading it at all. If it does, it will perform best for you if you take the best trades with it, whenever they arise, not with an artificially imposed number of trades per day. This is basic, basic stuff. Everything starts from having a proven edge. Without starting from that, most of the questions you're asking simply don't arise.