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I can't believe I posted in this dumb journal. Where's the 'undo' button? JS

Not so fast N'Jeff . . . making $80k/year with the backing of a $100k account is what successful daytraders do . . . Most probably make a higher % return since they don't have $100k in play. They exist here and elsewhere, believe it. (Crap, this isn't big money we're talking about). Of...

Dunno about that, here's how I learned to trade the NQ and barked up a worthwhile tree: 1) Understand price action basics (sorry, gotta study a bit) 2) Ground your beliefs 3) Develop your own "setups" 4) Study charts to make sure you are at least in the ballpark (doh! did I just use the...

What he said . . .

Lescor, Your trading style is high volume, thin "margins", semi-automated. Should aspiring traders be focused on the same approach in your opinion? Or do you believe that a guy/gal can make 4 or 5 trades per day and do as well as you do? What are the advantages between the two? JS

You mentioned the Fed announcement . . . that's as good as any reason to go ahead and get out of your trade. Some may argue, but my opinion is that the premise of your trade has changed. Are you trading a setup or are you trading the announcement? So can't fault you there. Likewise, if...

You pretty much got it. You risked .20 to make .50, so good R:R. Stop typically under swing low or 5-minute signal bar. Target must be achievable (prior swing high or resistance). Should you have sold at 40.85 instead of holding to 41? Debatable until eternity . . . or until you develop a...

You still seem to operate in absolutes. Sounds a bit amateurish. You take your setups as they come. If you miss a setup because you aren't following your own rules, then you have room for improvement (fear). If you miss a trade because your setup wasn't to the exact tick, then that's...

Blotto, Really? Well if you say so . . . I can't believe you didn't string us along a bit more while we tried to determine whether you actually knew a thing or two. You kinda showed your hand pretty quick there. Thanks for stopping by. JS

Ok, I follow . . . a la Al Brooks it sounds . . . but let me ask another way . . . If you are typically a trader that targets risk:reward of 1:2 for with-trend trades, will you adjust your risk or reward for RTM trades to stay in the same R:R ballpark? While my exit "points" might be a...

Giving it back is worse. Was that a trick question? But if the real question is "how should stops/exits be managed to optimize gains and prevent giving it back?", then you quantify the results with probabilities of different outcomes and keep track and keep adjusting. I keep track of...

The author uses statistical data to make an assessment. Isn't that what we do as traders? How can he be a loser if he's right 90-99% of the time. I'll take those odds any day as a trader. Traderzones, as much as I think he's a troll, is always right in this area. But if you have a...

So finding an edge - ie, a strategy that works - is not one of the reasons?

Excellent, very appreciated. That was the first time I've ever felt like I read a J.H. post without my eyes starting to bleed. No offense Jack.

Corey, Unless mistaken, don't think I saw this answered in the thread . . . What's your opinion on fixed targets vs playing for a runner? Do you have criteria to exit a trade or do you let the market take you out based on how you manage stops? Thanks again for taking time to...

Yeah, right . . . nobody looks at different timeframes, support/resistance, price behaviour, etc. Once again . . . if you think it's a "how-to" that can simply be copied and let the money flow, then you're missing the point. There is no such thing as "wasting time" in this biz. Every...

Or where he supposedly entered. Early on, entries were referenced using stochastic crossover based on price action. That's what the indicator is below.

The OP indicated he was flexible with arrangements. You don't seem so flexible. But I have definitely figured out who the idiot is.

I'm not a probabilities genius by any stretch . . . and I don't play one on t.v., but Talon knows his stuff and I wouldn't give this junk a second thought without following his recommendation to debunk/prove any perceived edge. Some time ago, I built my own probability model to better...

Hey SappJ . . . How's the thread coming? Ask a question and you get everything but what you wanted, eh? Continued luck . . . if you've done what you've claimed, then the only reason you haven't found any takers is because there's only about 5 or 6 people on here that make any money...