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  1. O

    Can anyone be my trading mentor? (short term trading)

    What you are asking is actually to give you a profitable trading system on your plate and babysit/micromanaging you. My question is what someone who willing to do that get in exchange?
  2. O

    What measures do you take to adapt your trading strategy to varying market conditions and economic e

    A robust trading system can survive any market condition unless proven otherwise in the future. When drawdown happens beyond expected max drawdown, then it's time stop using the trading system and revisit.
  3. O

    is there ever a good time to average down?

    Always for investing but never on trading. That's what working for me.
  4. O

    Why do i keep buying at the wrong time?

    I assume you have -ve expectancy. I will comment generally, not specific to your case, based on my experience developing both trend following & mean reversion. There are only 2 problems with entry and when you solve these, the expectancy will become +ve. After that, it's only a matter of...
  5. O

    Is a trader's path lonely?

    Lonely unless you want to share your trading system and trade together. The only time that I have felt comfortable talking and hanging out with other traders is with traders who already got edge (either trade for living or really wealthy from trading). Otherwise, it has always ended up being...
  6. O

    Is Trading a Team Sport?

    Yes and no. Yes in strategy development. For example, I wish I could fully automate my day trading strategy because it has come the stage of fully mechanical. However, I can't because have to learn about coding and I am paranoid of the code being stolen from the platform owner. The next best...
  7. O

    are emotions/psychology the most important factor in success?

    Ask any prop traders.. the answer is none. If your trading system has clear rules, your trading system has edge, your position sizing per trade is not going to ruin your capital and you are aware of the law of large numbers, the answer should always be none.
  8. O

    Getting best price for opening range breakout

    Have you used stop limit order? Based on your post, I assume you have not and have only used stop market. The con of stop limit is your order may only filled partially and that's the cost of avoiding spread.
  9. O

    Tick Scale vs Time Scale

    When using data-based chart in live trading, I found if you refresh the data/chart, the chart is not similar before the refresh. I got stable connection (monitor continuous ping to multiple destinations). I used NT8, RT Pro, motivewave, QT, QST. There are other platforms that I can't remember...
  10. O

    Tick Scale vs Time Scale

    I used data-based (tick, volume, range) before and developed both trend following and mean reversion strategies. I left those strategies after I have developed current methodology in time-based because it got higher profit factor, higher winning rate and no repaint issue. The repaint issue of...
  11. O

    how to read order book charts and time& sales as a system?

    What instruments are you trading?
  12. O

    mentor or system

    A system. A profitable trading system using chart can be explained in just 2-3 pages of words, other pages are just charts and it works in multiple timeframes. A mentor/teacher is just a medium that you may need or not.
  13. O

    Trading approach adjustment needed

    Paper trading long-only strategy on daily time frame in few weeks and transition to live trading? Have you backtested before paper trading and if yes, what is the statistics? How does the strategy perform during bearish market? I would like to see >= 200 trades in at least 6 months for day...
  14. O

    is there a forum aimed at scalpng rather than "one stop shop"?

    By my definition, you are day trading, not scalping. Proprietary traders and retired proprietary traders I know call scalping as trading using purely DOM or DOM+charting. You can start to look at traders who trade bond instruments because trading using DOM today requires thick order book. There...
  15. O

    Price Action doesn't work anymore due to Algos

    When someone says price action, it can mean many things from the perspective of the methodology. I am lazy to search his methodology, if any being exposed by him. From the perspective of pure chart trading, excluding any combination with DOM, it has not changed on longer timeframe (>= daily). I...
  16. O

    Perfect example of why S&R is just plain wrong analysis.

    One successful day trader I know don't use chart support to buy and resistance to sell but broken support/resistance to start waiting for sell/buy opportunity. But I also know few successful day traders who buy/sell at support/resistance. The key of their methodology is trend analysis @...
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    are emotions/psychology the most important factor in success?

    The most important for me is no subjectivity/discretionary in the trading system itself. Every element is clearly defined like "if x + y + z, then execute" and measurable. Thing like "enter the market when there is big/rejection candle" is not clear. How big the candle? How long is the wick to...
  18. O

    Learn To Take Losses

    1. The trading system with positive expectancy has defined SL when the entry order is sent. 2. Follow the rules of the trading system (regardless the outcome of the trade ~ hit TP/SL/trailing SL. Compliment yourself such as "good trade" based on how discipline you were following the trading...
  19. O

    Emotional reset after every trade?

    Winning ego. He is attached to result of a trade. It takes time to acquire ability to shift mentality of normal life (being right is rewarded) and trading (game of probability ~ law of large numbers ~ loss is nothing if the taken trade is following the trading system rule).
  20. O

    Why Rithmic's WTI crude oil daily volume less ~25% than CQG's?

    Hi, I don't know and I never trade MCL. As far as I remember last time I checked Rithmic's data vs CQG's data is Rithmic's volume data before a week is significantly lower than CQG's volume data regardless of future instruments.
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