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OK, I am beating a dead horse here, but I'll say it again: you say you have conditions to exit. I'm asking how do you know those conditions are any good?
Regarding exits, I would look up and/or think about definitions for words heuristics, algorithm, martingale process, falsifiable, uncertainty principle, monte-carlo risk of ruin simulation (Kevin has a spreadsheet), win/loss probability streak, path analysis, precision/accuracy trade off, bias/variance tradeoff, generalization and specialization, diversification vs optimization, strategy and tactics, knowns and unknowns, principles vs rules, Turing computational, Halting problem, expectancy formula, spread and trading cost in relation to edge, histograms in relation to average profit per trade and min/max profit, closed drawdown in relation to open trade drawdown, profit factor vs net profit, risk adjusted return in relation to holding time (over any holding period it is impossible to beat the market on a risk/adjusted based if long; as holding time increases returns will approximate market or inverse market return), trading frequency and impact on edge (higher costs dictate less frequent trading), selectivity as a function of normal distributions, and opportunistic trading and how these concepts might be useful for framing and improving your trading.
Yes, I would advise also to go back to sim. No reason to risk money until you work out your issues. There are no craft watsons ( a joke, nobody knows) in trading.
I would reccomend you do what Jigsaw/DT has said on this fourm.
Take 2 weeks and don't place a signal trade, sit and watch the market and mark out where you would of entered a trade and where you would have exited. Now after 2 weeks ( 10 business days) you will have a small sample to see if what your doing is actually an edge or just a guess.
Now going into this I would tell you to write down all your rules ( why you enter, why you exit, why is your t/p 2 pts instead of 4 ect... be very detailed write down what every indicator is for and what you are using this is show you ect...
The whole idea behind this is to give your self confidence and it will serve as a reference tool. Maybe you will get done after the 2 weeks and realize you should change everything and if you do do that then do another 2 weeks.
The market isn't going any where you aren't going to be cashing that 7 figure check tomorrow soo sit back and grind it out.
I'm going on almost 5 years of trading my idea's have changed soooo much I've gone from periods of live trading to SIM to live and back again so many times. When you have issues you need to give yourself time to work this stuff out. Some people work on this for 20 years and one day wake up a realize whats going on.
read everything,watching everything, start a journal and sit back and go with the flow... trading is a bi*ch and I'm sure if 99% of people realized what it takes to do this they wouldn't.
basically you need to slow down and figure out whats going on.. also stop trading the ES its a whole other animal I know everyone comes to futures because they see the ES and think I only need 4 pts a day or w.e to be happy. Well there are tons of other markets the 4 pts is very easy to grab from.
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
