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Morning sstheo, I follow the same guidelines as well. Trade 2 hours or until profit target is reached. Go do other stuff.

Everyone, Please leave this man alone and let him trade in peace unless he ask for anyone help or you specifically have a question for him or answering his question. Making comments on his thread of some general trading stuff is irrelevant, start your own thread with this stuff. Let this man...

Hello sstheo and good evening. Welcome back and I wish you great fun and success going forward in your trading. You have a good plan. :)

LMFAO HA HAHAHA HAHAHA HA :D:D:D:D:D I love this thread

Hello MarkBrown, It is a win win situation to both, swing trade and invest in S&P 500 index twice a month until you reach retirement age.

I watch the charts everyday for about 4 hours. I have not seen the market change at all. I try to trade and make money everyday and not worry about the fancy stuff.

I make consistent money scalping and ignoring risk to reward. Trade 2 instruments at the same time. Document in spreadsheet how much the trade would have made after I exit. After a loss, keep on trading.

RedDuke, I agree with this part. I learned this the hard way while trying to using a trailing stop of fixed 20 ticks when trading the CL this summer.

qlai, This is just my opinion for some simplicity, but the determination to skip trades due to volatility is based on risk (or stop loss size) and capital size and risk percent of capital size. For example: Account size = $5000 Risk percent = 2% Risk per trade today is : $100 Trade 1 ES...

qlai, I really really disagree with your statement. A trader must take full advantage of the opportunity to make money every day, does not matter "when the market shines" or when low floats, or whatever. The trader or system should adjust dynamically and naturally as the market conditions...

qlai, @RedDuke is trying to avoid making those decisions during "good" times and "judgement calls". Can you quantify "good times"? I am assuming you mean, big range days/weeks/months. This is why he simplest risk X% of his capital per trade. Because it removes his judgement calls from the...

qlai, I agree with you. It is a lot of learning that way as well. It could be bad learning and it could be good learning.

Qlai, It's not about the guy having a bad day. It's about the guy having a bad day and people PAYING to see him have a bad day. If I lose $2000 today because I broke a rule of my trading plans such as moving the stop loss back or putting on too much size, then I am Stupid and it's my mistake...

qlai, I have had plenty plenty of bad days of losing money. For example, Was on nearly a 9 day winning streak, then blew it on one day overtrading. But it was my fault for not following my stop trading rules. Just have to keep on going and now I am back on winning streak. Trying to get better...

Thank you RedDuke, I never know about SOES. Nice. You make good sense and I always like reading your posts. You keep it simple.

LMAO hahah I agree They. Here is a true story. They, you and I already know whats going with this story here. I use to be in a similar paid chat room when I first start trading. Man, that teacher in that chat room, had me sooooo messed up, I was scared to take short trades for about 6 months...

Exactly, I know my possible loss before the trade, so no big deal. Yes that is the hardest for real. Knowing when to exit trades is my biggest challenge

smallfil, I trade to make money and have fun. Mistakes happen man. I have limited my mistakes over time by tracking and reviewing the trades. Now I see certain things on the chart I do not like, I want trade it. Like those strong damn trend pull backs, I stay clear of it until I see more...

Hello smallfill, That is a bold statement "never" you made. Perhaps, the trader is a counter trend trader and only take counter trend trades. Not everyone wants to trade with trend. I take counter trend trades all the time, some with trend. No big deal. I think the trade was an awesome trade...

Morning qlai, Thanks for the share. I personally do not see anything wrong with the trade the trader took. It was a good trade. I think the trader did a good job managing the trade and entering the trade. He took a trade long at the bottom of a range, betting on a reversal and average down...