Really working next week on establishing better risk reward parameters and trading with better context

ES Jedi 

Really working next week on establishing better risk reward parameters and trading with better context

You're only risking 4 ticks per trade so that can't get much better. Are you going to try to go for larger winners?

blackgrey45 

You're only risking 4 ticks per trade so that can't get much better. Are you going to try to go for larger winners?

Just letting my trades that work run more so just trying to capture more Ticks in trades that are working .. my losing trades take care of themselves

If you don't bet, you can't win.

Adding MNQ back to my trading also as it moves much more aggressively intraday

If you don't bet, you can't win.

ES Jedi 

Adding MNQ back to my trading also as it moves much more aggressively intraday If you don't bet, you can't win.

How many ticks are you risking for the MNQ?

blackgrey45 

How many ticks are you risking for the MNQ?

Going to do 10 Ticks (2.5 points)

If you don't bet, you can't win.

TRADING WHY



Trading Style : Day Trader.

Trading Market: Nasdaq Futures /MNQ,/NQ

Trading Risk: Never exceed 1% risk on any individual trade.

Trading Time: 9 AM CST- 3 PM CST.

Trading Charts: 10 Second Chart/10 minute Chart/ Daily Chart.

Trading Indicators: TICK Index,10&200 SMA,RSI (2),ATR( 6), VWAP Session

(These indicators allow me to establish what way the market is trending and enter on pullbacks)



Why do I day trade Nasdaq futures?

I day trade Nasdaq futures because I am disciplined trader.

I day trade Nasdaq Futures because I am a provider of financial freedom to myself and my family.

I day trade Nasdaq futures to leave a legacy of greatness and perseverance Acro Shivers


After carefully analyzing my goals for trading and the style of trade i am, the Nasdaq suits my trading style much better than the S&P and I can trade knowing my worst case scenario for any 30 trade sample set.

Risking 2.5 points to make 15 points is the basis of my trading, and I have realized the nasdaq offers more 15 point moves daily than the s&p offers 6 point moves.

Small losses are a cornerstone of my trading approach. The elimination of large losses has truly helped me turn a corner in my trading and understand edge development in a more concise manner.

If you don't bet, you can't win.

Knowing the worst case scenario of a trading plan helps me trade with more confidence and less fear and hesitation.
Starting a 30 trade sample size tomorrow with 1 lot MNQ.
30 Losing trades in a row 1 MNQ= -$186.60
30 Losing trades in a row 1 NQ = -$1,628.40
30 Losing trades in a row 50 NQ= -$81,420

This includes commissions and fees through ninja trader (lifetime license)
1 lot Micro NQ
1 lot mini NQ
50 Lot mini NQ


If you don't bet, you can't win.

Including commissions this is what 30 Winning trades in a row would look like using my stop loss and profit target:
Stop-loss: 2.5 Points (10 Ticks)
Profit -Target: 15 Points (60 Ticks)

30 Winning trades in a row 1 MNQ= +$863.40
30 Winning trades in a row 1 NQ = +$8,871.60
30 Winning trades in a row 50 NQ = +$443,580.00



If you don't bet, you can't win.

11:52 CST last drink of alcohol I'll ever have Feb 25 2024

If you don't bet, you can't win.