This was a tough day. We took multiple losses today for the first time in months. Four to be exact. It was a very grim trading day for us to be honest. But we ended the day up slightly and so at the end of the day it was not a disaster. But the volatility was a real nightmare. Shredded nerves for the first time in months.
All our major trades worked though - the losing trades were all just snap reversals and we were stopped out for small losses, which is acceptable. Nevertheless it was traumatic. A massive up day yesterday and the exact reverse today. Huge losses everywhere - but small percentages at this level. And this is why we are trading micros at the moment - the NQ ended up 478 points down with some individual 5 minute candles being as volatile as 80 points - thats a $1600 candle.
Dealing with smaller stops in those circumstances? Impossible.
That's why micros are excellent to trade. Trade with wider stops. Trade in zones. Trade like a professional.
Live trading track record @ 25 Feb 2021
First session US : +$354.50
70 trading days with consecutive profits.
224 winning trades, 7 losing, 5 break even.
Trading room profits since 4 Jan 2021:
+$24,693.50
Last 10 trades: WWLWLLLWWW
Note: we live trade a mix of mini and micro contracts on NQ/ES/YM