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Hello iamnewuser911, I am trading purely support and resistance and during back testing (paper money), I got about a +70% win rate. But when i went live, I had some losses, maybe thinking to much. I want to be a good support and resistance trader. But i am practicing.

good response. I confirm this as well. TST is not asking me about my plan. Just follow the rules and make money. They do not care and can not see what charting system you are using.

Thanks Xela, Lol, that is funny. Yes, I DEFINITELY understand. I am work in progress. Sometimes I don't want to stop out, but have to.

Morning gkishot, I don't have away to calculate the stop loss mathematically. The stop loss used is based on my empirical data of ES price action from the amount of time past spent viewing the chart. This stop loss may change in the future if the price action change in the future. The stop loss...

Thank you Xela, Yes, my stop loss with ES is max of 9 tick.

Thanks for the help ScalperJoe, That day was just a bad emotional day for me. I usually use 2pt stop. And does 2 losses I took, price actually turned in my favor. I learn from it and keep going.

Thanks gkishot, I actually really like TopStep, it's keep me discipline, saves my money from losses, challenge me, and confirms if actually ready to trade real money for just $150 per month. Although, I took some losses, i am positive I will earn a funded account soon. I will keep yall updated.

Yes, I have traded before. Many times. Why do you ask?

Hello, here is an update My review is all positive, even though I am not doing well. The emotions and mistakes are worth the $150 per month, versus the losses in an actual account with an unproven strategy. I am enjoying it and I feel accountable for my trading business and challenged. I hope I...

The best simplicity sentence I read all week. I added it to my daily notes before trading.

Redneck, Thank you soo much. I enjoyed your post because considering the risk (money I can lose based on stop loss placement) vs reward (potential reward) before I take a trade is how I have been trading lately. Your post helped me confirmed what I am doing needs to improve. Lately, in my...

Thanks K-Pia, I have 84 trades from backtesting. How do I calculate the expectancy from that?

Hello, Everyday is good. Whenever, I see a trade setup, i take it. I stop trading when I have reached my target for the day or reached my max daily loss.

Thanks Xela, I understand what you are saying. So its best at my stage to focus on the wins?

Thanks Scataphagos, I can respect that. Thank you.

Thank you Xela, Help me out. Do you record your R:R per trade? Do you record your risk (price entry - stop price) and reward (profit) per trade and log for data? How often do you calculate your win rate? How do you compare your win-rate to R:R, do you use average R:R?

Scataphagos, Thank you very much. Help me out. I respect what you saying, but isn't buying support and selling resistance consider counter-trend trading?Trading against the trend. I intraday trade, i try to jump on a trend.

Hello, Still learning to trade support and resistances. I trade the /ES intraday on sim/paper money as I developing my own strategy. Some days (like today), I notice my resistance and support lines are very close together, and it makes my decision making tuff. In my plan states, if preparing...

Thank you K-Pia for responding, "you stress test it then see"? What do you mean by " You are great contribute to ET. You simple logic thinking has really helped me. You make alot of sense "Always ask, test, if something provides you an advantage or not."

Thanks for your comment TradeCat