Hey guys, I have been trading for about two and a half year scalping for a few ticks in the e-mini Futures. The one I have been the most profitable with is the Nasdaq Future. So I started a youtube channel where I want to document all my trades for staying disciplined and showing you that trading profitable can be very easy. My Account Balance is about 5.000 USD now and my goal is to double the account in the next 100 days that I trade. I have two exit strategies, the 5:5 strategy as I am trading 2 contracts, setting a stop loss of 5 ticks and a take profit of 5 ticks. The second one is the 10:10 strategy as I am only trading 1 contract, but setting a stop loss of 10 ticks and a take profit of 10 ticks. The tick value in the Nasdaq Future is $5.00, so I am always risking one percent of my original account balance. My daily loss limit is $150 and my daily profit target is $250. However I do not want to spend too much time trading and at noon the volatility decreases, so that I usually stop trading after 2 hours. For my entry signals I am using pivot points calculated by the high, low and close of the last hourly bar, 4-hour bar and the last day. In my opinion the pivot points are a support zone in an uptrend and a ressistance zone in a downtrend, so this is where I am entering the market.
Livetrading E-mini Nasdaq Scalping 2016/06/07 Day 01 Profit: $133.80: Livetrading E-mini Nasdaq Scalping 2016/06/08 Day 02 Loss: $155.86 Livetrading E-mini Nasdaq Scalping 2016/06/09 Day 03 Profit: $229.66
Made a little more than 100 dollars this afternoon (in Europe, morning in the US), for a rollover day it has been good I think, although I felt kind of uncomfortable only looking at the june contract. Livetrading E-mini Nasdaq Scalping 2016/06/10 Day 04 Profit: $113.80
I am trading part time and I opened a seperate account for this project. On the other account that I have been using the account balance is about 40k. The idea of the scalping strategy is showing you that you don't need that much money for trading futures profitable and not showing you how much money I could make.
I am trading disciplined. I risk only 1% of my initial account balance per trade. Doubling the account within 2 weeks or a month would be possible if taking a higher risk per trade. But for me not losing any money is more important than making money, so I try to keep the risk as little as possible. But if you tell me that I should be able to do double an account within 2 weeks, please show me that you can do it.
Risk could be 0.01% & Risk of Ruin could be 100%. 1% Margin (Risk) may not be Rational / Optimized at all. Sure it's better to Risk less than more but maybe it's too much !? =P By the way ... A symmetrical R:R is fragile (Risky). Better be Skilled / Lucky !
Trade 3 contracts make 10 pts a day...I think I remember you already tried this before, skip the YouTube nonsense if your serious..don't focus on the $ amount and why 5 ticks ?make it happen...watch it happen...what happen?