MaxV89 

You shouldn't be trading real money. Are you crazy? 3 weeks! Bro, you are going against PROFESSIONAL TRADERS, that have thousands and thousands of hours of screen time and experience. Trade only the ES, use two contracts, scalp out at 1 point on the first, and breakeven on the second for a runner of 2-5 points or a Measured move once you get better. Once you can successfully do that, and double a sim account from 5k to 10k, you might be ready to DIP your toes in the water with real money. And double a sim account the right way, not doubling down, and letting losing trades turn into winning trades. This takes years and years of experience. Also, Trading breakouts is ultimately a failing strategy, stay away from that.

Adding to the above,
Losing trades are best learning experience....observe how you feel..other losing tradrs are feeling same way...their emotions lead to price spikes in one way or another ( many times)....try to take other side of the trades where traders are trapped....learn about time compression, trapped traders,tull traps , bear traps.. just like real estate,,,location ( price level) is critical...also critical is timing and instinct to preseve capital.
my 2 c..

Good Luck
Sam

You'll get probably more than you can digest in the way of advice, but here's a little more. Take from it what you think makes sense, if any.

1. Become a part of this community. It will support you. One way is to start a trade journal and publicly record your trades and your reasons for taking them. Openly discuss your mistakes as well as your triumphs. You will get feedback from others who have done the same as you, and have been in the same predicaments as you.

2. And speaking of the community, read other people's trade journals, interact with them and learn from what others are doing.

3. Trade initially in simulation, so you don't lose your money instantly. It goes fast. But, when you think you have a better handle on how you want to trade, switch to the micro contracts, which are real-money but not much of it, so you have the experience of true trading -- winning and losing something real -- but you can limit your risk and survive the learning curve.

4. Speaking of limiting your risk, have very clear and totally strict loss-limiting rules in place, such as, "I will only lose x amount per trade" or "y amount per day," and bail out when your limits are hit. Don't hold on beyond your own pre-set risk limits. (They have to be pre-set, because in the heat of trading you will find that your brain doesn't quite function right sometimes. )

5. Have a clear strategy that you are willing to implement consistently. You should know that every strategy will let you down at some point, so be ready to learn from its failings and keep improving.

I could go on and on, but this is more than enough. Keep your risk in your control, take part in the forum and learn by doing, just to boil it down.

Good luck. Everyone has been up against the same wall you have found. You're not alone by any means. It can be gotten around, or over, or through.

Bob.

Google
What is day trading and should you do it authored by Motley Fool

If you want real help, the best thing to do is upload a few weeks of real time trades. Then describe what it is you're trying to do - what's your strategy, how do you calculate risk/reward, how you calculated your stop/profit target, what size chart are you using, are you using order flow.

Why did you decide to trade futures when you were already doing well in stocks? There's a lot of nuances with futures (by "nuances" I mean there's a lot of crap that goes on with futures). You need to get a handle on that.

There are a lot of traders on this board who may be able to give you some insight into your trading model. If you're incurring a lot of losses, then your trading model has to be looked at very critically and either corrected or dumped completely. Your win/loss ratio speaks for itself. You need to analyze trade-by-trade, compare execution to your model, figure out what went wrong and then how to fix it. When a bridge collapses, that's what an engineer would do. Trading is no different. Map it out in an Excel worksheet. Review all your trades in market replay.

Also, there's a wealth of information on this board - downloads, webinars, journals that people are writing daily. I'd recommend watching a lot of webinars from traders who have been there, done that.

Wizard, I've been in your shoes. Stop studying "Trading" and start studying the "Trader." That's where the magic is.

bobwest 

You'll get probably more than you can digest in the way of advice, but here's a little more. Take from it what you think makes sense, if any. 1. Become a part of this community. It will support you. One way is to start a trade journal and publicly record your trades and your reasons for taking them. Openly discuss your mistakes as well as your triumphs. You will get feedback from others who have done the same as you, and have been in the same predicaments as you. 2. And speaking of the community, read other people's trade journals, interact with them and learn from what others are doing. 3. Trade initially in simulation, so you don't lose your money instantly. It goes fast. But, when you think you have a better handle on how you want to trade, switch to the micro contracts, which are real-money but not much of it, so you have the experience of true trading -- winning and losing something real -- but you can limit your risk and survive the learning curve. 4. Speaking of limiting your risk, have very clear and totally strict loss-limiting rules in place, such as, "I will only lose x amount per trade" or "y amount per day," and bail out when your limits are hit. Don't hold on beyond your own pre-set risk limits. (They have to be pre-set, because in the heat of trading you will find that your brain doesn't quite function right sometimes. ) 5. Have a clear strategy that you are willing to implement consistently. You should know that every strategy will let you down at some point, so be ready to learn from its failings and keep improving. I could go on and on, but this is more than enough. Keep your risk in your control, take part in the forum and learn by doing, just to boil it down. Good luck. Everyone has been up against the same wall you have found. You're not alone by any means. It can be gotten around, or over, or through. Bob.

I always thought it would be a good idea to have a "group think" forum where people upload their real time trades specifically for analysis. Then describe what it is you're trying to do and perhaps get some help. I think the problem is that people are embarrassed that they're making lousy trades. But we all know that even the best traders make bad trades.

Very few people share in this business. It's always the "deep, dark secret". My journal consists of replay videos, particularly on days when nothing goes well. The market is visual. I'd upload a sample here but they're too big.

Anyway, just a thought.

Check out Sam Seiden's Supply and Demand (Search for "5 years experience of {sam seiden} on supply & demand trading") This is by no means a strategy to be implemented to the T, but if you mold it to your trading style, it'll help with advantageous entries.

Also look into OrderFlow: (DOM, FootPrint, Delta) On YouTube you'll find a playlist by JigSaw called "Order Flow Trading Course by Jigsaw Trading" that gives great information.

Best of luck mate.

Perhaps describe your approach show us a few of your bad trades with your opinion what should be done differently...

my 2 cents:

Trading is counterintuitive complex game versus the beast that knows all your weak spots. But it is possible to master. Don't give up, believe in yourself.
1. stop trading immediately! for a while.
2. go and walk through historical charts, look for clues that form true signal vs. false breakouts.
3. form a hypothesis of your new augmented strategy.
4. go through mannual backtest over historical charts. do the work. no shortcuts.
5. when you regain your confidence get back to the markets and trade smallest size possible, nothing wrong with the micros for a while.

My dear friend, trading is so difficult if you can't understand market, alway trade in tendence.