Maybe you have not realized that the market has been in a trading range and has had a rolling pattern for a few months.
Today was the first breakout from that range (if it holds)
Not really a trend but more of an up and down range.
Sometimes a difficult pattern to trade.
FWIW
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
The following user says Thank You to DavidHP for this post:
I have attached my trading history of the last 3 years from December 2020, in spreadsheet format directly exported from ninjatrader. I was really just looking for clues as to what index I may be best suited to trade.
It is clear the Dow index futures is by far and away my strongest index and while none of my trading gets a profit factor above 2 my YM trading is at 1.63.
The data is broken down in ticks not dollars. So average size won/Loss and profit is all in Ticks
Seeing and reflecting on the data, is sobering but it makes it real. Jumping around indexes or convincing myself I trade them all or size up on NQ is just proof of self sabotage. I need to be focusing all my efforts into improving my Dow trading and not worrying about any other information.
Happy weekend all.
All feedback is welcome if any of you have time to go threw the spreadsheets and see anything interesting
To my way of thinking, that's your answer. The idea would be to go with what works, which is YM. At least for you, now.
I personally think that NQ is deadly dangerous all by itself, at a size of even just one contract. "Sizing up" on it is like jumping on the back of the tiger and yelling "Yippee!" The tiger probably will just eat you. Why wouldn't it? You're making it easy. NQ is very risky for many people, and a hard choice to take and to make a success of.
I am saying this without having looked at your spreadsheets, which may seem unfair. But I have looked at NQ quite enough, and after reading what you have written, I do not think I am likely to be wrong in your case. Generally, NQ is the hardest to trade successfully. It is too sudden and too wild. It is exciting too, and makes one think of riches, which is another warning sign, in my opinion.
To make another comment, I do not see the value in trying to trade all of the equity indexes, and certainly not to jump around between them. They are different, and it takes time and getting used to the differences. If you could successfully trade just one, and for a modest success rate, but a reliably repeated one, what else would anyone want or need? I suggest seeking simplicity, and modest attempts with small position size and expectations. Small steps, basically.
Now, I could certainly be wrong, but you did ask...
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following 6 users say Thank You to bobwest for this post:
Hello Traders took some time off to really nail down my approach and do a full trading audit on what works and what does not work in my trading. Created a simple trading plan that will keep me on the correct path.
APEX Trader Update
Blew up my 2 250K Evals with basic losing trader thinking.. I added to losers max contracts and HOPED (yikes) market would reverse and show me a profit. It did not so both were blown up and canceled.
I have 3 50K Evals still all green
Balances
1)$50,031
2)$51,058
3)52,181
Target is $53,00 on all three looking to move them to PA accounts this week with responsibly trading the Dow YM Futures Contract.
The following 2 users say Thank You to Dow Student for this post:
