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Good for you for being forthright about the issues. Any of them could certainly affect anyone.
Of the four, I think #3 may be especially dangerous. It would be for me, anyway: when I get into some new way to look at the market or at trading, it complicates things and makes them worse, at least for a while. The more fascinating the new stuff seems, the more it sucks me in. It's a real problem, because we do want to grow, but more things to look at can mean more confusion, and can throw off something that is working.
I hope you can work it all out. Good luck with your new efforts.
LeeLoo is a respectable company. But the TEMPORARILY stopped accepting new applicants so they could better take care of the current evaluees and live traders.
It looks like the "we are full" message has now been removed.
Still on paper with your suggestions.
1. Just wondering if my $20 daily target should have fees factored in? (my all in r/t fees are 2.04 for micro es). I have been keeping a separate data sheet as if I am trading the full /ES and when scalping the fees there are so much less impactful (4.90). Adding 50% to my MES sim account seems like it would take forever if fees are factored in.
2. "Use $10 emergency stops but try to get out even faster if you sense things starting to fall apart on the trade." This is such a double-edged sword as it can stop me out of a winning trade. I really struggle with how soon do I bail? 4 ticks, 5? Sooner? Why not then just set a 5 tick emergency stop instead of 8? On the larger contract it makes so much sense but on the MES all I can think about is that dang fee compounding two more ticks to my loss.
1. At $2.04 your costs are more than double what Amp and Ninja are charging, which is around $.80 RT. Change brokerages and try again.
2. Stops are a challenge for sure. The market conditions are changing hourly. Only you know your risk tolerance, but whipsaw is real, and if stops are too tight you will get crushed. I recommend using an ATR indicator or a Parbolic SAR and making sure your stop is outside boundary of the trend indication. Here is a "SuperTrend" indicator that could work as a "stop and reverse." Here is another: https://nexusfi.com/local_links.php?linkid=1917
Please follow my new Micro journal if you are not already. I am more likely to comment on the micros there than in this journal. See my signature line below for the link.
Reading your journal now and reaching out to AMP. I feel like if I stay at IF, I will be tempted to move to full es before I'm ready (in order to "save" on fees) and take a beating! Thank you again for all of your help!!!
I wish I had known about the differences between the Combine Rules and the Funded Rules. Honestly, I would have gone with TST. I will probably finish my $50k tomorrow. need $290 is all.
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