Quick question for anyone trading the futures markets. On ninja trader while i sim trade the emini sp500, I do well on strong trending markets with strong momentum breakouts.
I try to figure out what type of market its going to be that day but i keep getting hammered when the contract volume explodes and hits the few k mark per 5minutes. Especially when the market is trending or even in a range and the contracts explode, the market gets pushed one way then another and kills everyone in between.
Its very hard to get a sense of direction of which way its going to go and who is actually in control.
Is there any one that trades this type of market.
Before these conditions come into play, i do well with a good win/loss ratio and slowly accumulate some $ however when this setup occurs i lose 500-1000$ on 1-2 contracts. I lose all sense of discipline and feel as though i become a pure gambler.
I guess what im trying to ask is, do prop traders avoid these situations. I don't want to miss a good setup as sometimes the direction becomes clear and there is a huge run but then again sometimes there are so many false breakouts it drives you nuts.