Which Set-Ups Are Least Profitable in My E-Mini Trading Experience

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It is with a certain amount of trepidation that I begin to write this particular article. However, everyone occasionally loses when e-mini trading and I am no exception. In the article prior to this one I described my very best set-ups and winning trades. This article will describe the e-mini trades I take that are, ahem, not exactly trades that you want to emulate. Hopefully you can benefit from my mistakes.

Any trade that I take against the trend is generally a mistake. Prior to recording all of my trades on an Excel-based trading spread sheet I was under the impression that I was a straight with-the-trend trader hypixel skyblock coins  only an occasional counter-trend trade. Imagine my astonishment when the numbers on my trading sheet informed me that I traded against the trend 30% of the time. On a total of 41 counter-trend e-mini trades I won 46% of the time but my net profit on the total was -$3645. It was a real revelation, and I have now improved to 92% with-trend e-mini trading. You can deduce what you will from this stat; I am either the worst counter-trend trader on the planet or counter-trend trading is an unprofitable strategy. I prefer to believe the latter, but I am friends with several professional traders who are counter-trend traders and do so with great success. For me, counter-trend trading is a bad idea.

Another trade that I regularly get beat up on is trying to call the turn in bracketed markets. I am a regular professional at screwing this particular trade up. Out of 16 trades, my winning percentage is a paltry 27% and I am too embarrassed to divulge the total loss on these trades.

Finally, whenever I try to predict a breakout or breakdown in a range compressed market, I make a complete mess of it. Let's say my winning percentage is considerably less than the anemic percentage on calling a turn. Thankfully, I have broken this annoying habit and have 0 breakout/breakdown e-mini trades in the last three months. Of course, I knew (in an intellectual sense) that 70% of breakout/breakdown trades fail, but I was often enticed to take this trade; for unknown reasons, probably some mental deficiency.

If anything, tracking your trades will point out trades that you may regularly take unsuccessfully. For me, I unconsciously thought that I was trading with my trading plan. Nothing could be further from the truth and only cold hard facts led me to change. Incidentally, my overall winning percentage has risen from 69% to 86%. The recipe for success is in the details and I highly recommend tracking the specifics of all your trades. As always, best of luck in your trading.