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No one know if the next trade will be a winner or a loser. If your system has a positive expectancy, the more signals you take (while observing your trade management rules), the more you will gain over time.

http://fortune.com/2016/01/28/college-kids-are-now-high-frequency-trading-from-dorm-rooms/

I neglected to add that the final column also notes scratches. At the end of the week I add up the number of trades, wins, losses, scratches, and associated ticks, net and figure percentages. At the end of the month I do the same additions and summary. Periodically, I pull out the stack of pads...

Every week, I go over each days chart and enter on a legal pad with a #2 pencil the valid signals per my trade plan(keeps me closer to the action than excel etc.) Outside the margin goes the date, inside the margin goes the numbered trade of the day (1,2,3,4,...) next to that goes L (long) or...

.....in any event it isn't theoretical physics.

Going long when you meant to go short is a mistake. Blowing stops, adding to losers and trading without a plan are destructive behaviors.

It's certainly simpler than it once was, although it might not appear "simple" to the novice eye. Again the system is not the hard part while it's development requires time and effort, consistent execution of trade plan rules keys success.

Evidently..

The source of the graph is the St. Louis FED but you are entitled to your prejudices.

I am prejudiced toward A for the simple reason that it is closer to my own and it works for me. I would recommend spending more time sharpening one's trading than obsessing over academic esoteria. In my opinion, trading is best made simple....behavior is the rub.

I respect your scholarship but I am reminded of something an economics professor said in college years ago...."If you want ten different opinions of a thing, ask ten different economists."

Don't forget to take Sancho Panza with you.

Yes, still receive as Modern Trader

One way is to add 3 zero's and divide by 5. Another is to bet on the Cub's to win the series and parlay it with Pack A Derm to show at Belmont in the eight.

I am no windows expert so pls excuse this clumsy attempt but the prior chart shows a pullback/reversal on the ESFrom 8:30 to 8:54. I look to my higher timeframe to see that it is a long setup thus a pullback. My entry is the divergant low at 8:56 for a long.

It would be well for a trader to consider this...."You can't eat like a bird and shit like an elephant."

Add the brilliant Connie Brown to the woman's list.....also Carolyn Barodon.

I'm impressed you got all those people to show you their brokerage statements.