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Er2Junkie

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    TradersLaboratory.com
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    Germany

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  1. the main problem is that you have to force yourself to see the longrun picture. Even if you stick to every rule you will still face loosing streaks. What really helps me focus is just look at screenshots of good trades I made over and over again. Positiv attitude is half the game. That said I still haven't been able to walk away once I am having a bad day, but I refocus quite fast and my max drawdown has never been out of control.
  2. The main problem is that you will always be last in line on your entries and exits even if you place them right away. Escpecially in the ES. Like it has been said before here the market has to actually go through your price for a fill. No matter how small your comissions are, this will take you out..trust me Besides that you have to work with a stop, even a soft stop will get you killed in this market. It might work out most of the time with a soft stop but the one time will take away all your wins in one move. I developed trading systems for funds which scalp the market and they play orders at the beginning of the day and pull them once the price gets close so when they need them they are first in line on the ES. I garantee you that no trading system with targets below 2points on the ES will make money on the long run (without hedging). Good luck!
  3. I have been trading for over 15 years in futures now and there is no way to make money in the ES with just a 2-3 tick target. Comission and Slippage will take you out.
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