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dgmodel: Personally, I don’t set any profit targets and would just let the profits pile on as the market makes them available to me. Therefore, I won’t walk way from the day just because I am up X points. If I am experiencing a draw down for the day however, I will stop trading for the...

React, don't predict. Kermit

Biomech: Very good points! Kermit :)

Lojze: Not knowing what you use as your signal to enter long to catch a rally, I probably wouldn’t try to chase it. Wait for your next valid signal to come along and trade that. But, if you want an alternative you might consider jumping in when price breaks out from a pull-back/pause...

Liquidtox: I think it boils down to observation, and adaptation. My style is more in the camp belonging to price pattern setups using support/resistance, and trend lines. This is so because it stems from some of my basic beliefs of the market that 1) S/R is important and 2) price patterns...

Clueless: You covered a very broad area. Starting with your trading, system/plan, yes, try to keep it simple. Market price movement is simple and so should your system. But you’re right, simplicity by no means implies ease of doing. Relative ease or difficulty has to do with what goes...

Clueless: Trading seems to be your passion, at least it sounds to me like you are, and certainly no shortage of commitment on your part. When you say: “I have not found anything that holds up under scrutiny”, what set of criteria are you using to judge your positive expectancy system to...

ADX_trader: I was once taught to metaphorically view your trading system as your “client” and you yourself as the “broker”. If your client generates a “buy” signal and calls you up to buy, you “buy!”; if your client tells you to sell, you “sell!”. Otherwise, do nothing...

Cornholetrading: I prefer to use the geometry of the price pattern leading to an entry to give me clues on where to place my initial stop. Equally important is the ability to quickly re-enter once you realize that you were stopped out prematurely so that you don’t miss out on the true...

Hi, Does anyone have experience using FloorPass from Velocity Trading LLC and care to comment on their quality of services? They seem to offer a lot of freebies: eSignal, Trade Terminal, Charting Software, Swawk, etc. and use their dedicated network. Is it as good as they tout them to be...