I’ve been struggling with the concept of stop placement vs. scalp target in this market. You needed a 5.5pt stop to get under the signal bar, due to volatility, but didn’t raise your scalp target to compensate (like you suggest in the FAQ section of the site). This means, you need an 85% win rate just to breakeven. I know that hitting 1pt on a good signal is pretty easy, but shouldn’t we try to scalp 2-3pts to compensate for this volatility, just like we have to adjust the stop for the same reason? Getting stopped out once, would wipe out like an entire day’s gains (assuming 5ish wins).
Any insight is appreciated!
Thank you for the great video again. I am new to ninjatrader, and my chart was showing completely different. I just realized I was trading on ES 06-20. and yours is ES 09-20. Can someone tell me when I am suppose to change that. No wonder last few days the bars was moving extremely slow and things I see in your chart I didn’t see in mine. Ninjatrader is so complicated in my opinion, I lost a lot in last 3 days due to this. Mack, do you have a video on how you set up your chart.
diggs June 18, 2020 at
Thanks for the trade example, but I don’t get any video controls come up to play it? The right click does not help.