blackgrey45 

I've been trading futures off and on since 2010 and I am not profitable. I still do it because I enjoy it and gives me happiness. I let my emotions get the best of me and do not respect my stops. When it's time to get out of a loss I let the trade run in hopes of just breaking even on that trade. 60% of the time it works and the rest of the time it results in huge losses.

Maybe you need to move into world of algos.. where are written rules on each strategy and you do not change them with your scary fingers. I found myself in same situation like you, but not for the same amount of time - anyway.. you got some persistence tho.

blackgrey45 

I've been trading futures off and on since 2010 and I am not profitable. I still do it because I enjoy it and gives me happiness. I let my emotions get the best of me and do not respect my stops. When it's time to get out of a loss I let the trade run in hopes of just breaking even on that trade. 60% of the time it works and the rest of the time it results in huge losses.

Do you daytrade futures and if so which ones

Toucan

toucan94506bm 

Do you daycare futures and if so which ones Toucan

I do not understand you...is that a joke?

blackgrey45 

I do not understand you...is that a joke?

. Sorry didn't proofread Do you day trade.. My tablet autofilled

Sorry
Toucan!

deaddog 

If you can't trade profitably the size of the account isn't going to make much difference. If your strategy loses money then increasing your capital is going to lose more money.

Most of the time it's not the strategy that loses money, but the trader.

You need a good strategy, obviously, but having a large account trading smaller size (or just micro) helps you stay in the game and recover losses. I'm not saying to rely on letting loser run and return back to profit as a consistent strategy, but trading too large relative to account is what wipes out people, in my opinion

Arch 

... having a large account trading smaller size (or just micro) helps you stay in the game and recover losses...

That's pretty much what I was trying to say. In addition, trading smaller size - relative to the account size - results in smaller drawdowns in dollar terms and therefore is psychologically easier.

Alkanphel 

Hey Guyz , My Name Is Dejan and im from Netherlands Im reading this forum a lot and it helped me alot, I started trading 6 Years ago and Last year i was profitable and this year as of now im in green.I only trade es,and i take 1 or 2 trades a day. I was wondering and rly want an honest and reasonable anwser. For guyz who trade ES , what is reasonable Net points a month or year. What ammout would u say is good to get (more for myself that my method is on good way) i never asked this and i dont know many who are open about it Looking at youtube and seeing some ppl getting numbers in and most i do not trust. Best Dejan

I have been in many forums and trading rooms in the past and occasionally in some of them even now to get new ideas and keep myself abreast, here is my honest Feed Back.

Before the rebalancing of S&P 500 and inclusion of Tesla few years Back ES daily average volatility was about 25-30 Points. Then 5 Points a day per contract net profit was considered decent and 10 points an excellent .

Post Tesla average daily volatility of ES is now between 60-75 points. These days 10 points are considered decent and 18-20 Points an excellent achievement.

I personally am averaging between decent and excellent since 2017.

My trading methodology is risk reward base and more like mechanical nature though I use order flow and few price action swing indictors to qualify entry points.

This is purely my personal observation, knowledge and experience out of my exposure to different forums and trading rooms.

Before Tesla inclusion ES was vey easy to trade but now little different.

Regards

Alkanphel 

Hey Guyz , My Name Is Dejan and im from Netherlands Im reading this forum a lot and it helped me alot, I started trading 6 Years ago and Last year i was profitable and this year as of now im in green.I only trade es,and i take 1 or 2 trades a day. I was wondering and rly want an honest and reasonable anwser. For guyz who trade ES , what is reasonable Net points a month or year. What ammout would u say is good to get (more for myself that my method is on good way) i never asked this and i dont know many who are open about it Looking at youtube and seeing some ppl getting numbers in and most i do not trust. Best Dejan

dejan... i don't trade ES, but i trade with a guy from Prague who trades the ES... he has his losing days, but from what i can see, he makes 2-3 ES trades per day for 3-5 points each.

hope that helps

toucan

Arch 

You need a good strategy, obviously, but having a large account trading smaller size (or just micro) helps you stay in the game and recover losses. I'm not saying to rely on letting loser run and return back to profit as a consistent strategy, but trading too large relative to account is what wipes out people, in my opinion

Arch
You are right the position sizing is the factor which contributes the most to wipe out your account no matter how big or small account size it is.

we retail traders spend more time, almost 99%, on finding some good indicators
for technical analysis to rationalize our entry/exit decisions and neglect the risk management altogether.

I guarantee any retail trader no matter how good analyst he is and no matter how good set of tools he has will never be consistently profitable until he has a good risk management strategy.

In my view risk management solves most of hurdles towards consistency and in that case account size becomes immaterial.

For example if you have a $5K account and Taking say 5% risk per trade with 1:1 risk reward you will wipe out your account in 20 consecutive losers.

To be profitable you need at least more than 51% win rate in above scenario.

Now If your account size is 100k and still taking 5% risk with 1:1 risk reward strategy, still you will wipe out your account in 20 consecutive losers.

To be profitable you need at least more than 51% win rate in this scenario as well.

So consistency and profitability is nothing to do with account size but with risk management.

I wrote a detailed post #61 about risk Management in indicators a waste of time
thread. That clarifies risk management in detail.

Human life to sustain needs all food items except water(30%) and water(70%).

In Trading life risk management is water and rest all is other food items. If someone can survive without water I would like to Know the miraculous secret.

To be consistent and profitable please devise a good risk management strategy and follow it mechanically.

Rest all, sooner or later, is a recipe to disaster.

If stop losses and discipline (adhering to strategies) bothers us we should not be in trading business at all. For such people long term investing would be the best option.