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I was hoping to get your opinions on this. So I only trade the E-mini and mostly execute on the 5 minute timeframe. I have about 5 years of experience but 1-2 years with Al Brooks teachings. Still a beginner, I only sim trade and try to develop my edge every day.
Recently I've been experimenting with trading only in one direction: LONG
So instead of looking for both short setups and long setups, I try to only consider the market from the bull's perspective. If the market is going down, I don't think "market is AIS, time to look for shorts", instead I think "bulls are not buying, where will they start to buy again? Lets wait for evidence that bulls are starting to buy again before looking for trades."
So far, it seems to be much easier to avoid making mistakes trading this way. But I wonder if it has more to do with the E-mini instead of the fact that I'm still a beginner.
The E-mini does seem to be stuck in All-in-long on the weekly and monthly, and seems to stay All-in-long much more than the opposite on the daily. Also a lot of stock traders don't bother with shorting and are only buying on the spot market. Would this be why I have more success only looking for buy trades?
Or do you think it has more to do with the difficulty of seeing the market from both the bears and bull's perspective at the same time when you're a beginner?