Favorite Futures: ES, fine alcohol and muscle cars
Posts: 392 since Apr 2013
Thanks: 800 given,
I am planning a combine soon. Reading your journal is inspiring. Thank you for posting.
For myself I think I am going to go in 1/5 the max size till I build a cushion. Then progress to 1/3 the size. Once I am at about 1/4 or 1/3 to the target I will graduate to half max size. I have done 2 unsuccessful combines before and early drawdowns cut me off at the knees cause recovery was too steep.
I am going to focus on 1 choice set up. For building my cushion. Once I have a cushion I will progress to attempt to build to the target.
A point on volatility, if adr increases that means your atr increased. Stop sizes that worked before for myself need to be adjusted. For myself in the es I have had to increase initial hard stops by about 1/4 or 1/3. This doesn't mean I'm not dialing stops down as we clear structure, just initial needs more space to account for volatility.
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These both sound to me like excellent principles for Combine-passing. I've seen plenty of people with profitable methods failing Combines through a combination of overtrading, impatience and excessive position-sizing. Good luck!
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Come on man, as long as you keep the contracts low, you are doing fine. Yesterday you went 10 contracts again and got your second biggest loss. Keep it 3 contracts max. until you make it to positive territory. Or average up when winning....
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