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Thank you for response. Yes, I admit luck and greed is what I was doing trading those 3 contracts, until I hit 4 losses in a roll and was wiped out. Like you said "That's what people who want to succeed do, compounding, if it breaks you start again from the beginning. " I am using 15 tick...

Thanks xandman, I understand what you mean. And I understand the rule of thumb never risk more then 1% of trading capital on any trade. You may think its surprising, but its not as noticeable when dealing with a fairly small account. I come to ET for logical and opinions compared to my own...

Overnight, what you mean click-bait. Of course I am serious. I would not post the question if not serious.

Hello, I have a system I have been trading for awhile with 3 contracts on CL. Recently I experienced 5 losses in a roll and account drop nearly $3000 in a few days. I have a 15 tick stop loss. Part of my money rules is if my account loses $3000, I stop trading and evaluate things. I...

Thank you TopstepTrader for changing the 10 day rule and giving me an opportunity to earn money trading. I now can trade at ease and not fast pace during the 10 day time span. Thank you,

propwarrior, I truly thank you for this detail post for us struggling traders. What are you thoughts on : 1. Taking all systems trades per day. 2. Taking more trades after winning for the day. 3. Should a trader have profit goal per day to stop trading? Thanks

Hello tprintl, This sounds very fun and challenging. I use CTS as well. Just to make sure I understand, my daily P/L (discretionary mechanical trading) vs your daily P/L (automated algorithmic trading) ? That is very good you have algo trading for me. Maybe I learn something in the process...

Hello, I am currently in Top Step Trader in the $50K Combine account. What are your rules for the challenge? Thank you

Three years and counting... tick tick tick tick....No rush, just rush to getting it done right

Thanks for posting, Can you please explain your picture? I am lost a bit?

Thank you rajesheck, Trading for me has to be as simple as simple can be. whatever price direction is moving, i want to get on board in that direction, everything after that is just simple risk vs reward. If I can't bet $100 that this (attachment) trade I am about make will return me $100 or...

Thanks xandman, Yes, I am thinking rather or not to record all trades. I can record them all and always go back analyze and review the performance of trades taken per my trading goals for the day.

Thanks Spectre2007 for comments.

Hello, I am currently manually backtesting trades of a strategy idea. My goal of the strategy is earn +3-4 ES pts per day and no more then 3 trades per day and no trading pass 12pm (central). When I am backtesting and collecting data, should record data for alll possible trades setups for the...

Thanks Spectre2007 I appreciate your response.

This advice is sooooo good i feel like scrapping everything I'm doing and starting over. Definetly added those books to my list. Thanks Xela.

Handle123 is correct and I am using this approach for all my trades in practice. There is no easy answer for the OP concern. As we all have seen this countless of times. Price comes right to your stop and reverse. It's part of the business. If you use a mental stop and you fail to exit the...

Hello, I enjoy trading resistance and supports breakout. I am trying to put together a simple support and resistance breakout strategy to back test and record the right data in my spreadsheet to analyze after some manual back testing. My questions is: After a failed breakout (for a loss or...

I would suggest learn: 1. The benefits of trading stocks vs futures market 2. Learn the different styles of trading (discretionary, mechanical, or algorithm trading) traders perform to make money. 3. Learn or read about the different ways to make money from step 2. Price actions, trend...

Hello, That's odd. You pay for a program and the programmer will not give you the code? Does not sound fair to me.