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Took a big hit of 1.35% on crude oil (USO). Only made a slight error, but that was unforgiving.

Most recent metrics as well:

First losing day. Small loss. Bothers me that I was second guessing myself, not the loss itself. Closed the short right off the high :/ Still up on the week though.

Nah, it's true that most fail. And if most made it, then it means it's an easy job. Also, Bill Gross aka Bond King ragequit the game because he lost.

It is simply because most traders fail that I say it. Professionals are not safe either.

Most professionals fail at those too.

Missed about 2-3% of gains today... Hopefully I'll get better soon. Slept the whole day except an early morning trade.

Agreed. It's why most professional investors fail to beat the S&P.

If I were managing money, I would be amazed how I caught the LoD multiple times on GME and would be rushing to invest.

It is actually scalable because the holding period need not be so short; I only do it because it's advantageous for smaller traders. Scaling it would result in larger % return per win but also for losses, and reduced WR. Also, the short term trades can be increased as well.

I haven't gotten any response. I guess there's a reason why prop firms generally aren't popular.

Dumb question, but how are defunct companies still able/allowed to trade?

I used to work in a shop with my father and there were some cheat customers. I used to be good at reading people but it's been a while since then; linear regression has occurred

If I can get 5%/week avg, it'll be well over 1000% in a year You know I don't act like that in reality; on the other forum in linked, I'm quite mature and proactive. Some things I say here are blatantly for reaction. However, let me know your credentials & office; I'll fly for a therapy session...

Yeah it would have been better If my friend closes his trades and lets me trade for him, I won't need more of a track record. But keeping all options open for now and building up the thing. Apparently, C2 takes time for the newer traders to shop up on the leaderboard because otherwise, any...

A system that recognizes where it works and in what conditions, can be used in conjunction with correlation-divergence systems, but not in and of itself. That is, if a counter-trend system to short an uptrend works, if may fail when there is a true downtrend. However, there are stocks that go up...

Checked and saw I missed another good trade that would have had 0 drawdown. Should have been +4% day... The Grid function on C2 allows one to search for specific parameters. There are a few good traders that haven't shown up in the leaderboards due to being too new or some such thing. There are...

Richard Dennis said his system made a lot more than testing showed later on, because they were running above optimal leverage and got lucky. I believe he lost a lot in the '87 crash some time later.

True. Higher capital has upsides and downsides. But if we are talking about consistency, the obvious answer would be that it allows one to hold for an eventual win/breakeven at the cost of potentially greater drawdowns.

Understandable that not all is to be shared in public. Is there a performance record for viewing, however? I'm probably wrong about multi-timeframe left shoulder consistency but here goes: In support/resistance systems or related systems (name is not important), one important factor is the...