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For trades fading key levels which do you use, considering a fixed Time-Frame? Likely a fuzzy poll but I would like to hear from those that ARE successful and/or have back-tested enough to arrive at useful conclusions. I trade Index Futures-- day swing, 10m chart looking for around 50% daily...

Withdrawal (hopefully).. ?

Best answer.... Basically this is the "work" in trading. What about on a weekly/monthly basis factor in ATR and target a healthy percentage of that.... I would add to keep a small percentage in case of the aberration day where it flies multiples of ATR... Bottom line the only reason this...

So knowing your expectancy is really key... Hard to do unless you are a very disciplined trader.. (to get reliable data to derive expectancy).. Don't know mine at this point...

If you reduce size proportionally results will stay the same.. maybe even decline, the only benefit being psychological. I think size doesn't need to go down (at least not proportionally) "assuming" expectancy INCREASES.. Mathematically $ risk will go up PER trade.

I am more of a swing trader as I cannot monitor trades a lot. Also I am Eastern US so a lot of key moves in currencies happen as I sleep. Would have been great to re-enter the trade but I would have to be up at 3 am...

Factoring the Spread in as Z1Trader mentioned I am heading for a 40 to 50 pip stop.. located properly at a rubber-band end so 1:1 RR is achievable.

But with the 50 stop to 50 profit the stops will be rarer.. assuming proper trade location IN TREND.. Just need to replace the thinking of a stop as "loss prevention" (Fear??) with a stop as a trade invalidation.. On that GBP/CHF trade IF it CLOSED up there then trade invalidated.. but it...

Upper Trend

How precise do I have to be for a 25 pip stop to survive,.. pick the EXACT top?????? My idea is fine-tuning for Daily Swing trades... Most of my losses on Forex tend to look like this picture... Trading IN FAVOR of an upper trend (Like ES last 5 years) close stops end up being a waste. Thinking...

Wow... You've got to find an MAE that makes sense and cut off losses there no matter what.. How many trades have you had that went over 10% account negative that became good?? There is no account size that cannot be lost when dealing in percentages... account gets big and we think the gravity...

What is the basis of the bias?? A reason you are late on some trades could be conflict with other things removing your focus? I have a friend that tries to trade ONLY when HE has time and somehow thinks great trades WILL show up for him! Of course he ends up forcing trades that don't exist. A...

I have always wondered if Warren was referring to position or Account draw-down? I think Munger actually mentioned 50% on Youtube..

"The Brave do not live forever, but the cautious do not live at all"... Richard Branson Neke.. Your braveness is uncommon but is necessary to get above average results. Problem is many see recklessness instead.. then again was Soros brave or reckless? The fine line between the two is if you...

Well done. Inspiring...

Absolutely nothing.

Wow... you trade real money and you don't feel emotion? I thought most rules were broken primarily due to emotions, otherwise we are all fools here, choosing to ingnore rules to reject profits.

Dude you are calling the OP an idiot.. CLEARLY we all know trading knowledge is a pre-requisite. If the ideal trader were to be designed I would take care of the emotional part first because it is nearly IMPOSSIBLE to teach. Trading knowledge can be learned/taught. I believe THE source of 99%...

Good month!.. Account stop loss definitely a great idea trading intra-day based on fundamentals.. Prices can be irrational (as you have found out often) for MUCH longer than a day. It is VERY impressive you do have done well with a fundamental bent on such a short time frame.

Only if I start teaching others how to trade will my trading plan be a topic.