Chop on the 5m Dow has been killing me this week. My back-test shows a positive expectancy of about 40% win rate and 4R for each trade. But lately, from taking these trades mechanically, not only is my capital being depleted, but my mental capital is too!
I have just gone up one time frame to 10m in the hope that its less noisy.
If I think of it logically, my mentor would say 'stay out' and 'cash is a position'.
A part of me which wants some action says keep taking these mechanical and discipline trades and statistical probabilities will play out.
I have just gone up one time frame to 10m in the hope that its less noisy.
If I think of it logically, my mentor would say 'stay out' and 'cash is a position'.
A part of me which wants some action says keep taking these mechanical and discipline trades and statistical probabilities will play out.