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Capamando, please do yourself a favor and move on. Stop crying because they don't want to share the winning secrets... Like I wrote in my first post, there is no winning secrets. It's only plain hard painfull work. You don't want do it, that's fine. Trading is like any other job, you gotta work...

Why not ? here is a hint : because the "winning strategy" is often the result of years of hard work. Try it. And if you come up with a "winning strategy" my guess is that you may change your mind on sharing it. Good luck.

I suggest you backest different exit methods.

Sounds like school teenagers paper trading. One is ordering pizzas, the other went pee. Hopefully the last one is watching the multi-billion dollars paper strategy in action. Is it real ??

Hi Guy2, nice maths... but if you don't fully automate the strategy, you have to factor in the mind adaptation time to the increasing size. See, lets say you got really, really lucky and passed through the 4 days as your plan suggests... Picture this : Friday morning, ER2 opens, you send...

Gdrew77, make sure you have a sound complete trading plan first. Trade it with the minimum size. Do not use more leverage or position size management. This is a complex process and from your posts, you are not ready yet. When you get comfortable trading your one contract strategy, then...

Trent, professional is not necessarily synonym of successful. :confused: Also the original poster obviously has just arrived into trading. My worst advice to a newbie would be to say that averaging down is not a problem. It is. As a beginner you must accept that you are wrong. If you don't...

I'm even impressed that you still had a $19,800 profit after 6 months of doubling-down trading. :eek: When you're wrong, you're out. Period. Ludovic

I totally agree with Nitro here. I think anyone who has deeply researched and analyzed that topic has very probably learnt a lot on trading. Now as many things in that area, I believe there is no sure answer. Then, it's all again a matter of personal preference, but here is my shot. Most...

NihabaAshi, that 12:45 bar got you in a very nice trade...... From your previous posts, I understand your strategy includes size management. Right now are your entries heavier on the long size or the short side ? Nice posts. Ludovic

I know it's not easy but here we go : take a chart of the Dow. Where the price significantly "bounces"or "retraces", bam.... you have a support/resistance. Now, the more it touches that level, the more people are watching it. Light or Heavy ? draw your own conclusions. Is that what you...

Ilcaa, I've seen your other posts in the improving trading skills thread, and there has been some great messages - especially Fut71. I want to add that you seem to be honnest to yourself. It seems you have a good idea of where your problems stand. And that's what you need to overcome your...

12-13 easy. But expect some issue with the wife. She might not like that.:D Ludovic

The answer to the question is in your post. Having daily goals if you're not a profitable trader will just add more stress. Remove these goals. Focus on how you could loose less not how much you could win. Just my thoughts. Ludovic

Samson77, if you are profitable then I would say that your dad is more lucky than the average new trader. I mean many of us have struggled for months/years and would have probably benefited from recommendations of a family member who has been down that road. Also, there is no problem in giving...

Interesting thread. I'm facing the same issue with some close friends and the problem is, as BSAM stated, Experience is the teacher. However the one book that covers the psychologic part of trading and that I find useful is Trading in the Zone. I wish I had read it earlier, my learning curve...