Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Traders with 5-10 years of experience but still not profitable
Maybe you need to move into world of algos.. where are written rules on each strategy and you do not change them with your scary fingers. I found myself in same situation like you, but not for the same amount of time - anyway.. you got some persistence tho.
You need a good strategy, obviously, but having a large account trading smaller size (or just micro) helps you stay in the game and recover losses. I'm not saying to rely on letting loser run and return back to profit as a consistent strategy, but trading too large relative to account is what wipes out people, in my opinion
That's pretty much what I was trying to say. In addition, trading smaller size - relative to the account size - results in smaller drawdowns in dollar terms and therefore is psychologically easier.
I have been in many forums and trading rooms in the past and occasionally in some of them even now to get new ideas and keep myself abreast, here is my honest Feed Back.
Before the rebalancing of S&P 500 and inclusion of Tesla few years Back ES daily average volatility was about 25-30 Points. Then 5 Points a day per contract net profit was considered decent and 10 points an excellent .
Post Tesla average daily volatility of ES is now between 60-75 points. These days 10 points are considered decent and 18-20 Points an excellent achievement.
I personally am averaging between decent and excellent since 2017.
My trading methodology is risk reward base and more like mechanical nature though I use order flow and few price action swing indictors to qualify entry points.
This is purely my personal observation, knowledge and experience out of my exposure to different forums and trading rooms.
Before Tesla inclusion ES was vey easy to trade but now little different.
Regards
Successful people don't do different things,
they do things differently.
dejan... i don't trade ES, but i trade with a guy from Prague who trades the ES... he has his losing days, but from what i can see, he makes 2-3 ES trades per day for 3-5 points each.
. Sorry didn't proofread Do you day trade.. My tablet autofilled