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  1. SimpleMeLike

    What is your favorite Index Future Micro E-Mini to trade, and why?

    I like MNQ, MGC, and MCL. I like them because if I lose money on instrument, the other instrument may give me a win to make up for the lost while another setup on the losing trade instrument may take awhile. I only have about 30 minutes to 2 hours to trade, so the more bars and instruments I...
  2. SimpleMeLike

    5 minute setups - do they perform on 60m charts and onward to Daily, Weekly and Monthly charts?

    Lol agree. Longer time frame is boring. Shorter time frame, I got all day to get my losses back.
  3. SimpleMeLike

    5 minute setups - do they perform on 60m charts and onward to Daily, Weekly and Monthly charts?

    Good Morning easymon1, This is a great question you asked me. I have tried manual back testing and also programming automated back testing in the prior 5 years. I do not have the time for either. I prefer to just trade in real time and do the best I can. I will never manual back test or...
  4. SimpleMeLike

    5 minute setups - do they perform on 60m charts and onward to Daily, Weekly and Monthly charts?

    Hello easymon1, So just P/L is all you need to see. If Setup C have a net profit of $30,000 over the past 1000 trades, and drawdown of $25,000, is this satisfactory to you place money on setup C for the next XX of your life? In addition, what if you never test setup D and it has net profit of...
  5. SimpleMeLike

    5 minute setups - do they perform on 60m charts and onward to Daily, Weekly and Monthly charts?

    Hello easymon1, I highly encourage you to print out my questions and give it more smart thinking and planning answer the questions wisely and truthfully. You opened a thread about setups and asking questions, but not answering thoughtful questions about how you plan to manually backtest...
  6. SimpleMeLike

    5 minute setups - do they perform on 60m charts and onward to Daily, Weekly and Monthly charts?

    Hello easymon1, What is your answers to these questions? Thank you,
  7. SimpleMeLike

    5 minute setups - do they perform on 60m charts and onward to Daily, Weekly and Monthly charts?

    Hello Easymon1, If you answered yes to question 1, then answer the following questions please: 1. What time frame will you start manually back testing with? 2. What instrument will you start manually back testing with? 3. How many time frames do plan to manually back testing with? 4. How many...
  8. SimpleMeLike

    5 minute setups - do they perform on 60m charts and onward to Daily, Weekly and Monthly charts?

    Hello easymon1, Two simple questions 1. Do you have time and energy to manual back test these setups on X timeframes and Y instruments? X means number of timeframes you want to test these setups. Y means number of instruments you want to test the setups. For example, test setup A on the 2...
  9. SimpleMeLike

    Not looking back

    Hello Millionaire, Thanks for the feed back buddy. I appreciate any opinions/recommendations to hurry up my contract sizing in a logical way. Why do you say 2% takes too long? Also, where can I read about Kelly methods for increasing size?
  10. SimpleMeLike

    Not looking back

    Hello Millionaire, I agree, trying to go to 1 contract to XX (where XX is normally +10) just because it "feels good" or "I need to get back breakeven", is when I loss alot of money and had severe set back. When I adapted the simple risk management policy of "only risk 2% of your account...
  11. SimpleMeLike

    Not looking back

    Hello Millionaire, This is the best comment I read on ET in a very long time. If I can not eventually trade big contract size, then my efforts is pointless and I eventually need to find a trustworthy business partner that works for Sinaloa cartel and join his business. The goal in trading is...
  12. SimpleMeLike

    Not looking back

    Hello Jdesey, If you feel you exit too soon, get back in.
  13. SimpleMeLike

    Not looking back

    Hello expiated, I agree. If everyone "just created a trading plan and followed it", we all be rich right? There would not be a "high failure rate" in trading if everyone just simply created a trading plan and followed it. The phrase or suggestion "Create a trading plan" is more like start a...
  14. SimpleMeLike

    KGTrader4 Paper Trading Journal - My Training Wheels

    Hello Mr. Scataphagos, You are absolutely 1000% correct. "Sky's the limit... but ONLY if you trade well." I need to hang this quote up somewhere. My goodness, my goodness, my goodness that is so true. Trading well is something I'm still working on, and it really is a trade well every Single...
  15. SimpleMeLike

    Position Management - the Unfortunate Afterthought

    Thanks for the correction
  16. SimpleMeLike

    Position Management - the Unfortunate Afterthought

    qlai, hahahahahhahahahaahh LOL, everybody bullshitting. People make trading look like it is rocket science or something. If I knew how to make money trading, I just show someone how to make money trading in about 5 days and then they making money trading. Its not rocket science, just no...
  17. SimpleMeLike

    Position Management - the Unfortunate Afterthought

    Hello mikeriley, I agree with you 1000% multiplied by another 1000%. The ONLY way to teach someone how to make money trading, is to show them how to make money trading every day or over a series of the next XXX to X,XXX trades in real time with real money. Any other way of trying to teach...
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