Yea, it's tough finding the market you want to trade let alone the system. I've been trading for about 2.5 years or so now, I think I'll give it some more time before I move on to something else =p
I use to trade London open fx EU/GU/EJ, but I recently moved a bit further east so now being awake at that time is even harder! I'm constantly trying new things (because I'm bad and nothing works XD) so atm I'm basically trading pre-London open trying to predict the London/US wave. I wait a...
Doesn't tell you how many positions he's sitting on either, unless I'm not reading it correctly or fully. It's like on fxbook, there was a guy who had something like 400-500% gain, but his current equity was 25%! he was sitting on 75% loss! Hardly what I call a winning strategy.
When anyone can cheat and get away with it they almost always do. At least a little bit. But when you're playing with the big boys a "little" isn't quite so "little".
Can't offer you much help on the whole ES thing but welcome! and coming from California myself I know the pain of waking up at 4:30 to get ready for the trading day. Ouch
I think it probably exists but most people will never find it because they don't look with enough depth. You'll never find buried treasure if you spend all your time looking at things above the surface right?
A holy grail to me is simply something that will always work (statistically favored)...
Scaling out feels better psychologically, but if you have the right strategy and the right odds, sometimes it's actually better to just set the bar higher. Take more losses, take bigger profits, but the profits eventually win. However when win rate suffers so does mentality.
Either work on your mental capacity (will power, w/e you want to call it) to NOT get out of trades, or keep trading and keep losing. The latter will actually solve the problem too as it did for me. I use to always have this itch to trade, and would over manage most if not all my positions. If I...