1 Year Trading: How to proceed from here? - futures io
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1 Year Trading: How to proceed from here?

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1 Year Trading: How to proceed from here?

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  #1 (permalink)
Bat Yam
Posts: 1 since Mar 2020
Thanks: 0 given, 1 received

Hey Everyone

I'm looking for some advice from you guys that have been trading for a couple years,
I came to a crossroad in my trading in which i don't know in which direction to process and would like to hear your thought

First Let me explain what i did in the past year:

- I've started my Journey by learning why the price moves Reading the Dom and understating Market and Limit Orders
- From there I've started learning about different Indicators, what to do with them, how they work and how to trade them
- Then I've started to Demo trade and getting as match screen time as possible
- After almost half a year I've decided that Im going for scalping the ES and from there I demo traded everyday in order to improve my timing

My Strategy:

Like i mentioned i trade the ES

- I Start my day with reading the News and Drawing Support and Resistance.
- I'm always trading with the Trend so I'm using EMA 200 To show me the trend, I also sometimes take trades on it when when market is in certain condition and i see a familiar setup
- I'm using MACD to get a grasp on where the price is now and to Increase my confidence in taking Long/Short
- I'm also Using Bollinger Band MA for Entries
- The Majority of my trades (70%) are Buying on Support and Shorting on Resistance based on my Dom skills and screen time and how i feel about the situation happening there

My Risk Management:
- Im Using 12x12 ATM (12 Tick Stop, 12 Tick Profit) and for now i don't have daily profit goal or loss because I'm trying to test as much as possible.

- When the trade goes against me I'm increasing my stop to the next support/resistance and wait for the move to fadeout to take another contract and exit with 1 tick profit, when that fails i call it a day and stop trading

My Results:
I'm able to make 100 Ticks per day most of the time (about 3/5 trading days) with 1-2 contracts with 70-60% accuracy

The Problems Im Facing:
This is where I need your advice with some of my problem

- I Still feel after almost a year that i don't know what I'm doing Like I'm gambling. I can't Decide if my results are from the big amount of screen time I have or Pure Luck, I've tried Live trading 1st day was green second was red and 3rd was also red thats where i stopped and decided I'm not ready

- I don't know if i should be focusing on learning Order Flow or Not, I Read lots of post here about the topic and some say the edge from order flow has already Past

- I don't Like my Risk Management because it is not friendly for small accounts but i feel if i don't double down every now and then i will Loss most of the Time, I sometime get to a point where I'm 600-1000$ down on a trade before it turns around

Also I'm Sorry in advance If my English is a little broken
Hope to Hear you thoughts )

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  #2 (permalink)
Posts: 26 since Mar 2020
Thanks: 9 given, 14 received

Interesting, I sent you a PM..

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