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I try to trade mini ES daily without stop loss. So far I made 28 points on Monday but lost 22 of it onTuesday. I tried 2 pt stop loss but most of my trades failed. so in this case I don't know what I should do
Any recommendations are highly appreciated
Thanks
Can you help answer these questions from other members on NexusFi?
Trading: Hedges with Options on Stocks, ETF's and Futures
Frequency: Every few weeks
Duration: Weeks
Posts: 1,282 since Sep 2021
Thanks Given: 1,720
Thanks Received: 2,579
Well: Stay further with paper trades and nothing will hurt you or explain to the forum at least in more details what you try to do and how you do it on SIM trading.
If your returns are normally (or even evenly) distributed then win percentage is important, BUT they rarely are. As kevinkdog explained the distribution of your returns dictates your success. The example he gave is heavily negatively skewed. Other examples …
