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OP probably back in due time to shoot this down as pseudoscience. Round and round we go.

Yes I trade ES, and tend to think in Ticks (not %). My "average" stop over the last 1000+ trades has been 12 ticks per trade. In my trading account, I maintain $12500 margin per contract (personal preference). So with ES @ 12.50 per tick, my base is a 1000 tick account. Risking 12 ticks of...

You have 350+ posts the last several days expressing or defending your views on this topic. To me, I think you shared a lot of great points worth consideration. Of course some people will remain opposed to your stated views, no matter how many more hours of your life you spend explaining to...

It’s clear Amahrix has his mind absolutely set on the matter - If you’re a traditional day trader using technical analysis (not sure what else a day trader would use), it doesn’t matter how long you’ve been “successful”, its just luck and your days til failure are numbered. He’s explained his...

Agree with R Morse, this is an individual thing based on trader. I don't have a daily risk rule. I just take every valid trade, no matter how good or bad the day/week/month is going. I used to dwell on it as I've read tradescience to stop trading for X amount of time if you lose X amount of...

The anti-day trading threads pop up every so often. The last one I recall was the “is trading itself a bad trade?” Which reached a similar number of pages in a short time. I remember that OP contributed over 100 wordy posts in 10 days, which I thought was pretty intense, but this OP has him beat...

The critical thing (for me) is starting with an account size to where I don't have to worry about one of my inevitable losing streaks blowing me out, or damaging my focus and behavior. I have to feel comfortable executing my strategy, and not deviate or panic when I hit a rough patch. My...

This is hard. After reading this thread, I tried doing the front hold (standard olympic barbell held in outstretched hands) a couple days ago. Have done military presses in my prime with 185 lbs, so I figured I would get at least 10 seconds. Took all I had to get 5 seconds. Certainly could...

10,000,000? IF the single signal occurred 1,000 times per year in my timeframes, that would be 10,000 years. The ES contract doesn't go back that far. Are any other actual traders here looking at simulations for 10,000,000 occurrences before you decide whether your potential signal is valid...

I day trade. Have several different signals I’m looking for. Any one of them will get me into a trade. Looking now at my records for the last 407 days (about 20 months), the most frequently occurring signal is a “trend pullback” that’s occurred 622 times in my timeframes. Once the signal...

I traded 935-1330 EST. On Fed days I log off at 1330. Only one valid signal today (per my plan), which triggered around 1030 EST and eventually hit target around 1PM. Don't think I learned anything "new", but every trading day is a chance to build or further reinforce good trading habits...

I've never used tradingview. Not sure how that works.

Day trading Equity Index futures. Use several time frames and a few MA lines. Entries are 85% trend pullbacks, 15% reversals. Average 5 trades/per day. Target & Stop on every trade. Target is always 1.5x greater than Stop. Hit target 48-49% of the time. Edit add: My "style", or just say...

Hear ya, guy. When you phrase it that way, I'm inclined to agree that I'm absolutely wrong in my statement, and haven't thought it through. I have some bias against the proposed strategy, as I attempted a similar one to what the OP suggested and got absolutely buried towards the end of that...

Hey BWS, not looking to defend my opinion on the matter. Was just providing the OP a solicited opinion on his proposed strategy. I don't consider a sub-$5 stock losing $1 of value over a span of weeks or months without any +$.10 up moves along the way, to be a rare event. But, I haven't looked...

To me, the biggest difference is one of effort. If I bought once and a year later ended up break-even or down a bit, I could stomach it. But if I was flawlessly executing my day trade strategy (few trades / day, 250 trading days / year) and ended up in that situation, I’d be demoralized. There...

Trading your strategy without deviation, if one of your stocks drops a $1.00 in a slow, steady fashion (with no +.10 moves along the way), your plan would dictate that you'd accumulate 10,000 shares (10 blocks of 1,000) on the way down. At that point, you’d be down -$4500 (plus whatever...

Depends on the traders plan / comfort level. How many contracts will they leverage with their 25K (personal choice), and then the average ticks they can net per day when they trade their plan over a statistically significant period of time. I trade ES, so speaking for that, with 25K... 12500...

Would be more interested to see a study on experienced traders meeting specific criteria (lets say 4+ years of active trading, adequate trading capital, etc.), Then see what percentage of that group continues to be successful over the following few years. To expect consistent success in...

Switch by Chip/Dan Heath. Read it several years ago. But here I am several years later with plenty of bad habits to fight. YMMV