It tightly consolidates from thereon without any clear indication where it is heading because the two other core index (Nasdaq, NQ and the S&P, ES) made a dramatic drop after they surge in the open.
For most three hours or so into the trading, you can't get any idea where or what trades you are going to initiate, either a long or a short.
That is where patience and sitting tight is the virtue in trading.
If you are patient enough, you can trade YM at around 1:00 pm. ET. for a long trade.
You can spot the consolidation between 12:00 noon to 1:00 pm. as you can see from the chart and the obvious small body bars that consolidates tightly.
Placing too many trades without any clear picture is one cause that depletes account because of commission costs, thus it is necessary to put trades that are highly probable and be selective.
