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That's basically how I learn, and I implicitly thought that all traders went through the same effort to build and refine their trading plans. Anyway, as a downside of learning autonomously I suppose, I guess I don't use the proper vocabulary to describe my activities. The confusion thus came...

(I'm glad I finally joined ET!) I was trying to restrain the thought experiment into some possible common ground with @marketsurfer . We are otherwise in full agreement that (successful) traders are making entries based on non-random and also mobile criteria. I, like many, hide my own stops...

(This might need a thread of its own soon...) I don't understand being in error. Let me rephrase what I was trying to express: if we generate a series of random entries (bracket orders, fixed predefined loss and profit sizes, no signal per se) on any instrument (even a random walk), wouldn't...

I think we're close to an agreement, except that I maintain that a win rate isn't directly related to randomness. :) The fact that you look for specific situations for entering a trade, that you have sound money management, that, I see as showing discretion and non-randomness on your part. Your...

(FYI I'm only trying to reconcile @marketsurfer 's claims with your own, I for one believe that price isn't random, just complex, but that's beside the point here which is demonstrating [non-]randomness.) Unfortunately it's not that simple at all, because the placement of your profit target...

Not quite, because of interference from money management. If you had a constant trade size and a constant stop size equal to your target size going in (1:1 risk-reward, constant risk), then perhaps that might get you closer down to that 50% in accordance with @marketsurfer . No? :) In what...

Sorry I'm new here and I couldn't find it by searching your previous posts; what tools do you use? (Not looking for specifics, just genuinely interested.)

Sorry I must have missed that bit; I'm catching up on the last 15 years of posts around here so I speed-read... I wasn't trying to laugh at your comment per se, just poking fun in the general direction of all those saying that tape reading is dead now that we're full-blown electronic, full of...

Sounds too negative, he was a sponsor here... To his credit, he did point us to the importance of support and resistance which shaped my view from the start, so I haven't entirely wasted that educational expense. Where we part ways is how he made us enter when there's the most slippage...

Jinx! I was reading that this morning! Nice way to express the idea in just a few points. Thank you for that, by the way, and the rest of your journal in that thread circa August-September 2013, which I'm going through this week. I agree that, for me, The Day Trader's Bible was more of an...

No, nooo! The secret is to find a 3.5-second technical discrepency between two ECNs and automate the sh*t out of arbitraging that edge for half-ticks. You know, something consistent that'll work 100% of the time for years months days to come! :p

It is remarkable indeed, that when we discover a slope (or "frequency" as some would call it), it often will be tested again, to the tick. Often we can also see the same slope being repeated in different timeframes for a while, which is quite interesting, albeit less useful. While an...

It's like a solar eclipse. I know I should look away, but I'm somehow hypnotized by this thread...

Eh, I'm new but already getting used to that.:p I knew about Anekdoten, but hadn't seen Shopster's thread. Thanks! Funny, if someone isn't selling anything, just sharing how they work, who the heck cares what their P&L actually is? They're just meant to be seeds for my own system...

(Hopefully I'm not diverging too off-topic here...) While we agree on the benefits of watching the pro, we part ways regarding the purpose. :) It really sounds like you'd benefit from (re?)reading Mark Douglas' Trading In The Zone (just skip the 20% of it which is metaphysical weirdery). His...

Definitely among the weirder posts I've seen lately. o_O Given the time and administration involved with getting set up at a prop firm, and your short term needs, didn't you basically answer your own question suggesting to go with a low-commission broker on your own? While I do think that the...

At the risk of poorly expressing myself, I'll venture a comment here regarding my take on some of "k p"'s recent statements (I lost track of where - and I'm aware that I haven't seen his earlier posts), about the value of watching over a seasoned pro's shoulders. I've been advised that it's...

An edge is a statistical advantage. What you're describing with 100% success rate is merely a technical gimmick, a loophole that invariably gets fixed over time, if not flat out a fantasy. Would you mind posting those threads? I'm curious as well. :)

(Whoa, I chose the wrong day to take off!) Out of curiosity, wouldn't this kind of interaction be easier to manage in a more interactive "chat" of some sort? (Hangouts for example, integrates images and multi-party conversations.) For that matter, I'm surprised that ET doesn't offer that...

The more the merrier. ;) In stocks, the main problem I had was that if I'm starting with a clean slate at 9:30 Eastern, the longer the timeframe the more time it took before I saw something interesting. For example with 39-minute bars you get wider, slower trends, which I like, but then forget...