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Hello Millionaire, I always plan to trade for about 1 to 2 hours a day to get a positive day. I do not like losing days. However, some times drawdown comes and I have roll my sleeves and get busy to get out of drawdown some how and some way. Many times I end on +$200 after being down nearly...

Hello smallfil, We can agree to disagree. Thanks for the discussion and your opinions.:)

Hello smallfil, This year is my first profitable year as a day trader. I did not back test anything or forward test anything. I wake up and guess and gamble price direction for 0-2 hours a day. I also have 1 automated trading systems up about 140% since last year. I will not be building another...

Hello smallfil, Thanks for the reply. My thoughts only: Back testing and forward testing is stupid and waste of time. It does not work. I prefer waking up every morning and guessing and taking my best shot trading. Yes, gambling trading.

Hello Smallfil, Question: What is the likely hood of a human being doing the following for about XXX trading ideas/strategy: 1. Think of a trading idea/strategy with entry and exit method 2. Forward test in simulation day for day for 500 trades. 3. Start over from step 1 once total profits...

Good Morning Smallfil, Thanks for your response.

Hello smallfil, So take 500 trading in simulation and if no positive expectation, start over and again and again right? Thanks,

Hello smallfil, How many trades (XXX-X,XXX amount) should I forward test in Simulation by hand to tell me if my trading strategy has an edge please? Thank you,

Make that money buddy. Feels good just taking a good guess right buddy. I also have drawdown, I scale up to like 5 contracts sometimes to get back even when I feel I will be right and get that win. I just go for it.

Hello smallfil, how do you back test it?

I did not lose money with algo trading at all. But it was farrr too much work and backtesting and optimization with little reward. manual trading less stressful and rewarding. Make my trades for the day and end the day.

Hello SoyUnPerdedor, The best thing I have done to obtain a trading edge, was to stop searching for one. Too much work and effort for little reward. Thanks

Hello smallfil, Where does a trader obtain trading edge from? Thanks,

Hello Millionaire, You nailed it. Only way to make alot of money trading is to take good guess and gambling. Guess the Entry, and guess the exit. Do it for next XXXX trades. Manually Trading is Gambling. Automated Trading is the only way to find and confirm Edge.

hello Millionaire, I love it. I feel the same way. Trading is pure gambling and taking a good guess to make money. Good work.

Hello Overnight, I agree with you. Not sure why anyone even waste time reading books on trading. Jesse Livermore is weak and crappy trader who loss all of his money and killed himself. LOL HAHAHHA I do not want to read a book from a trader like this. I never read a trading book. Seems like a...

That is not true. Automation requires having entry and exit signal that is optimal based on historical tick data or OHLC data points. Everyone else has the historical tick data or OHLC data points as well, and will fine your optimal entry and exit. You trying to compete against computer Ph.d...

qlai, Automated Trading is pure Bullshit if a trader is doing it alone. The competition is way too much for single trader. Best to trade discretionary. Been there and done that, and wasted ALOT of time and effort.

Hello qlai, Automated trading is bullshit and complete waste of time. Much easier to guess and discretionary trade. And you have more time for yourself and hobbies.

Hello Millionaire, I agree with you 2000%. I am also gambling trader discretionary trader of the Price Action. I love this style of trading a really lot.