laundrysoap

In the long run, the only thing you can do is wait for the next one.

Hi, I appreciate the response - I am realizing that whatever it is I'm doing isn't ultimately profitable and that's what keeps me signing up for mirus demos, ha. I feel like I really do well "in the zone" when I first sit down, and lose it later in the day especially on the shorter term trades when I tend to panic and lose points quickly. Tomorrow, in efforts to figure this out, I'll post a full trade blotter, along with some brief notes.

I can't see the picture, but I know some stock data feeds have consolidated short covering and such at the bell. Or it's just a large trade which might be negotiated off-exchange or at market.

Hi, I've been sim trading the ES for a few months now. I've tried to do everything I can to make it realistic, such as including commission costs and using market orders at my target price for realistic fills. I use time and sales to trade with timeframes of up to half an hour. I've had more and more recent success with a vague form of bracketing (wait until the end of a range, watch for positive price action) and a sort of momentum scalping for up to a couple points per trade. On a good day, I can carve out five or six points. Problem is, it seems like I have a few good days in a row, then it's like death by 1000 cuts. I go in for what seems to be a great scalp, it goes .75 against me, I reverse it literally 35 seconds in, it goes back up, I close the trade, go long again, get caught in a 20 point selloff, reverse it, and so on and so forth. Not even a virtual sticky-note on my desktop with "don't be shaken out - be stayin' in" does it. Does anyone have tips for developing more concrete rules for a discretionary system like I am trying to develop?