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lol hahahahahaha "That path is littered with dead bodies."

Question for everyone. Should daily profit limit and daily loss limit be the same?

Sounds good to me. Go for it buddy. My daily profit rules is +$400, I stop trading. Make sure you add in the rules "Daily/Weekly Loss Limit to Stop Trading for the Day/Week"

JCDST1979, I respect your opinion, but if back testing is useless how else would you know if what you are doing will make money? I like back/forward testing because it allows me to practice my trading skills, day to day process, thinking, testing my discipline and patience, testing my risk...

I agree with you. The OP needs more testing data. I am guessing about 200-300 sample size. Then forward test. Someone else can recommend a smaller or bigger sample size for testing.

Yep, you right

you reduce risk by using limit orders.

S2007S, S&P 500 Index will make new highs by August 2020, this is just a pull back. Long and Strong Baby. If you can't beat them, Join Them.

S2007S, Long and Strong Bull. Lets go baby.

I told you S2007S long and strong S&P500 index man. You are not going to beat Donald Trump and FEDS. Come on over to the Bull side, I save a beer for you. Market will make new highs soon.

lol hahahahah I been telling S2007S since April to joining the market trend. He keeps trying to buck the trend.

S2007S, Yes, that is correct. They showed me their account. Some people just start making money early in the game man. Everyone story is different.

You're more than welcome. I am glad you like the comments. I understand what you mean. Everyone trading journey is different, especially the time commitment. I work full time job as well, and can only trade for a 1-2 hours a day. So I understand what you mean. Watch your risk and journal your...

NoahA, Just because I have been inconsistently profitable for 6 years, does not mean someone else would take that long. It may take someone 2 months or even 2 days, all depends on the person and their learning and time commitment. My time commitment was not always consistent.

Ignore these clowns here at ET. All the haters probably not making any money. They think it takes years upon years to make money. I know two people recently laid off work and day trading and doing just fine. Keep doing your thing and monitor your risk. You know what you can and can not do...

Ignore S2007 He is upset and annoyed the stock market is not crashing to $0.00 as he has been hoping for the past 4 months. He been pushing stock market crash the past 4 months and miss the ride up. He Probably not making any money trading as well. So ignore him and all the other hating clowns...

How does trader automate if they do not use indicators? Only purely price actions and patterns concepts.

Thank you deaddog, I am working on it. It is challenge indeed, but I see how it can help me.

You right Tradex, lol I am one of those. It takes more sample size to get good practice and underestanding

Thanks for the response. I agree