The sheer confidence in the ability to execute on the highest level. Once you learn this skill, its is like you see the future. Forever grateful @I_Am_The_ICT
Write your NQ bias before 9:30 every day. One word: up or down.
After 50 days, count.
Most mechanical biases I've tested land between 50% and 55%. If yours is above that, protect it. If it isn't, you know where to work.
Do you write your bias down? π
My 3-strategy NQ portfolio made +343R after costs.
On 87% of the days it traded, it was below its last equity high.
Under water is normal, even with an edge. Grade your day on the rules you followed, not the P&L.
How do you handle a month with no new high? π
My best NQ strategy made +160R over 18 years, after costs.
It wins 45% of its trades.
It once lost 13 in a row.
It once went 833 days without a new equity high.
Most traders would have quit it three times.
What's the longest drawdown you've stuck through? π
My best NQ strategy averages +0.16R per trade after costs.
After 20 trades it's still losing money 30% of the time.
After 100: 11%.
After 250: 3%.
Judge a strategy on 20 trades and you'll throw away good ones.
How many trades do you give a new setup? π
Sunday's question: how often does an NQ opening gap fill by 4pm? 3,815 gaps:
Filled: 61.8%.
The same distance on the other side of the open: 59.1%.
Small gaps get touched because they're close, not because they're gaps.
What gap size do you trade? π