Going for increasingly longer time seems to be a burn out deal on them. I'm doing 3 and change now but will back down to 2 minutes a day. Like brushing and flossing, not fun but something you just do.
I usually do take em all. at 11:18 EST, I had a long signal on the ES. I elected not to take it because of very sluggish PA with strong overhead resistance. It turned out to be the correct decision or it could have worked anyway. And yes, if your plan has positive expectancy, the more valid...
Whether "discretionary" or automated, a trade plan must have rules and defined criteria and the trader has to follow them. You can elect to not take a signal but the signal has to be defined regardless.
The value in paper trading is to forward test a methodology develop execution skill and develop the confidence to trade it. To qxr's point, it is not a three day process. If someone does not have the time and commitment to do what is necessary, they need to go in another direction. Many...