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One definition I have seen of discretionary trading is: “Before we delve into the specifics, let’s start with a clear definition of discretionary trading. In a nutshell, discretionary trading refers to a trading approach where decisions to enter or exit trades are made based on the trader’s...

My advice would be learn price action trading. That is my edge. How price moves and why and how to capitalize on that movement. There are many that teach “price action” trading. By far the most comprehensive is Al Brooks. I know people don’t like him or his style of talking or writing. Or they...

First let me say in RR I use the first R as the reward number and the second R as the risk number. Others TRADERS do the opposite. From your wording of the concept I am assuming you do the risk number first then the reward next? So, read my numbers I quote below as reward to risk. My initial...

I don't know enough about either to say. That said, I don't "think" that at this point my platforms I used to trade with have changed because of it. At least they look basically the same and basically do what they did a few years ago. As far as myself as a trader. None of it has affected my...

In summary 8 trades today counting the last averaged down trade as two trades over all. Seven winners and 1 loser. That is close to an 87% win rate. As I have often said a scalper should "grab" profits and do their best to maintain a high win rate. So: 1. Grab profits before they slip away...

Here are my last trades for the day. I went long 1c @ 5367.00 which at the time was near the bottom of a then narrower channel. It went against afetr I decided to not lock in a small profit two bars later. I then averaged down (or scaled in LOL) 3 bars later adding 2c's at 5358.00. So now...

No generally it is not based on recovering losses but occasionally I will do so just for a mental reset. A loss recovered sets up the mind for a fresh start. Usually though profit-taking is based on PA. That decision is generally based on momentum. It is not just that price makes it to a certain...

Back after brunch. May have time for another trade or two. I widen the channel out since PA has made it to be a broader channel.

Note the measured move never materialized after the BO south of the channel. It did not go back up to the bottom of the channel within 5 bars and several dojis too (two sided trading) so that pretty much ruled out a MM on down south especially after it started going back up. To trade that...

Here is the latest update. I did short one tick below. Never grabbed the 1point scalp after entry. Then it went against me. So I didn't like what I saw in the "how" of it going against me so I took the 5.25 pt loss and reversed immediatley to long. Then I held 1c long until I got back my 5.25...

If it starts back south I will likely short 1 tick below that last bar.

And 2 points captured.

I decided to take a chance on a min scalp of at least 1 point maybe 2. So now long. SL at bottom of last 2 bull bars.

Still waiting to see what happens.

Still waiting.... we got 4 or 5 doji bars after the move down. Doji bars are in essence 1 bar trading ranges so that means on those bars a balance of bulls and bears. So far no resumption of bear move nor a move back to bottom of the channel.

See why you grab those profits when you can? Look what happened after my last trade. This can happen at any time. Institutional pressures will push price out of tops or bottoms at any moment. So what do I do? Well I am flat with 3 winners. So now I wait and see what bulls will do. Usually...

I did not feel well today so I got up late looked at the chart saw it was a bull channel and took 3 back to back trades. One contract trades each time. First, was a 5 point win shorting, second trade a 4 point win long, and 3rd trade a 5 point win long. In channel trading if a bull channel I...

I have never traded options. Just not my thing. But keep up the paper trading. If you make it work there you can make it work live. At least the odds will be in your favor.

Here is my last trade for a bit has I have to run to town and do some errands. I moved around some of my annotations of the earlier 3 trades so as to make some room for this annotation for trade #4. See once price starts a TR then I must change techniques. Since price is usually in a sideways...

Do what you have to do. Nothing wrong with that. Odds are you will return to trading. You got a taste of it in your blood. You miss it so you have experienced something that grabs your interest and attention. Something you are somewhat passionate about. I suggest when you return start small...