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Trading the Micro Contracts


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Trading the Micro Contracts

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  #41 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received

I like the saying, "You don't get anything from trading, you just get to play tomorrow". I can not remember the exact way it went but I think I am close.




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  #42 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received

Alright the weekend is here. This coming week I will continue to control how much I am willing to risk on each trade. I have started trading the MYM which to me seems tamer than the MES. Seems to be less whip saw action in the MYM and the liquidity is very similar to the MCL, which I traded some this past week. On the MYM my stop losses will range from 3-10 ticks. These stop losses will be actual orders and not just mental stops. For winning trades I will move my stop up like a trailing stop. If the trailing stop does not get triggered I will exit the winning trade at the end of the day. The main thing I want to focus on this week is to control risk with stop orders. Hope everyone has a great weekend!

Thanks,
blackgrey45

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  #43 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received


I am coming to the conclusion that I must either pay the market or my broker. Pay the market with larger stops or pay the broker with small stops. I am glad I have a choice!

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  #44 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received

Traded the MYM and MCL today.



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  #45 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received

This has been my biggest green day since I started trading in March. Woohoo!



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  #46 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received

Very nice and quiet day! 45 round turns all in the MYM. Small daily range for the MYM only about 300 points. Maybe tomorrow there will be a little more action.


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  #47 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received

Another day with minimal volatility. 27 round turns all in the MYM. Keeping my stops tight at 2 ticks each trade.


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  #48 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received

I was a bull in a bear market today. I kept going long and getting denied. Took a couple larger losses, one for -$36 and one for -$28.5.



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  #49 (permalink)
Mrhamster
San Francisco , CA
 
 
Posts: 21 since Aug 2022
Thanks: 21 given, 10 received

Nice job !

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  #50 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Beginner
Trading: MES, MCL, M6E
 
Posts: 100 since Jul 2022
Thanks: 112 given, 64 received


A fairly small trading range in the MES. I did three trades, one in the MCL and two in the MES. In the MCL i set a tight 10 tick stop and was stopped out with 2 ticks of slippage. I took on two trades in the MES with mental stops in mind. Both trades went in my direction and was able to implement a trailing stop. The trailing stop was triggered on both trades resulting in small gains.



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