Risk Rule 3: Add To A Losing Trade??? | ES Emini Price Action Trading System Using Micro Futures

Table of Contents:

00:31 - Overview of First Risk Rules
01:10 - Today's Set Up: A Simple Short
01:33 - Where Can You Add To A Losing Trade???
01:42 - Where NOT To Add?? Line of Death.
01:53 - The Profitable Trader: Two Zones
02:13 - What Is Your Job?
02:30 - Like Big Losses? Add Here!
02:41 - The Graveyard. Your Silence Please.
03:16 - Why You Need A High Probability System.
03:50 - Unacceptable Losses. Fire Yourself.
03:58 - Submit. Surrender. Plan.
04:10 - No Trade Zone.
04:17 - If You Knew This... You'd Take The Loss!
05:56 - Risk First Approach: First Risk Rules
06:48 - Hand Draw Your Ideal Entries
07:33 - Does The Chart Match Your Diagram?
07:40 - Leverage Matrix Decisions
08:43 - Download Google Sheet: Leverage Matrix
09:06 - How Many Contracts To Trade?
09:19 - Marker
09:32 - Multiple Bounce Levels (Requirement)
10:22 - Full Entry
11:08 - Partial Entry: HALF LOSS
11:41 - Wings Entry: Use The Edges As Entries
12:35 - Test Entry + Add To Winners
13:41 - Add To Winners -VS- Add To Losers
14:07 - When To Take A Loss?
14:26 - Full Loss
14:40 - Take A Half Loss?
15:05 - Paper Cut Loss?
15:16 - Gift Of A Breakeven Trade?
15:32 - When Do You Just Get Out?
15:53 - Add To Winners
17:08 - Wrap Up
18:04 - Do NOT Àdd To A Losing Trade Ever Again

🌍 LINKS 🌍
▶️ Core Strategy Explained: https://microstrader.com/core-strategy
▶️ One Day Zoom Pass: https://microstrader.com/zoom/

Learn to Scalp (Day Trade) the S&P Futures. Emini ES & Micro MES.

Lean in and listen to me... I will be candid and frank with you. I am not the inventor, nor the creator of anything. I have combined three (3) different systems (Listed below: Cotton, ICT, Market Profile) into one simple trading system. I use a little bit of this and a little bit of that, plus my own set of rules based on price action observation to create my Core Strategy. This really is the easy button to trading - if there was one!

Regarding futures, I recommend you "Start Smart & Start Small"! Trade the MES futures contract. The “Micro” contract. Each point on the MES is just $5 versus the ES contract which is $50 per point! 10X the size! I’d rather you trade 10 MES versus 1 ES!

Why MES? Well, let me give you one reason. If you traded 10 MES, you could take 2 contracts off at a point, 5 off at 2 points, and let the rest of the contracts run - you can NOT do that with a SINGLE ES. MES IS WAY MORE POWERFUL - hence, the name of my website and trading group, Micros Trader!

MY SUGGESTION: Do NOT trade ES until you can wield 20-30 MES contracts. Trust me, MES is WAY MORE powerful than ES. Anyone who tries to convince otherwise, be weary! We discuss this in more detail in my Discord group.

Micro Traders: At the very essence, we are “bounce traders”. You see… with high certainty, we know where the price will bounce. We play the bounces. Sometimes the bounces are counter-trend, and sometimes with the trend. Personally, I love “With The Trend” trades. They offer lots of juice for the squeeze.

I am NOT a financial adviser. I do not promise ANYTHING but some education. I do not guarantee results. I don't know you from Adam - you might be as intelligent as a sack of rocks. Or over emotional like a scared cat while trading. I have NO CLUE if you can trade successfully. ONLY YOU know if YOU are coachable. Trading IS hard, emotionally speaking. Trading in a group HELPS! I will help guide you to start smart by starting small with a high-probability system. You will paper trade first until YOU feel ready to go to the next step. RISK NOTHING while learning this system.

Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risks. You must know the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Testimonials Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.