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Run an analysis of the last 100 appearances of this setup (according to your setup/entry rules) and compare the two methods to see which is more profitable over series' of trades. Then trade the most profitable method and do not dwell on the trades where if you did it this way you would've made...

I sent you a message.

Ed Abreu, same guy. I thought he appeared legit too till I investigated his posted trade logs and things didn't make sense at all. Later I read that thread at BMT. Very sad. Normally, a day trading guru will teach some sort of method. If you look at the trades on a chart there's some sort of...

I haven't been in touch with him for quite a while, but it appears he's still involved in the markets: http://www.stocksaints.com/1401/about_us

Looks like his trading room didn't meet his trading room criteria: https://www.bigmiketrading.com/vendors-product-reviews/22819-jaguar-trading-club-protradered-blogspot-com-17.html :D

If you are afraid, don't trade. If you are absolutely certain, don't trade. If you're uncertain about where a trade thesis would be invalidated by price behavior, don't trade. If there's a level you believe price will never get to and you're totally safe putting on a position without worrying...

This is how people with perfectly good trading plans achieve consistently negative results. They cut their winners short because they're afraid it's going to turn on them at every little hesitation/retrace, but they the full stop loss get hit every time on the losers.

1. Where is price more likely to go from here based on one of those patterns that happens every day? (Profit potential in one's trading time frame) 2. Where is the nearest line in the sand that, if crossed, means price is more likely to continue to the next line in the sand? (Risk in one's...

A range is a series of alternating trends when you drill down to a smaller bar interval. On a smaller bar interval chart, when price visit s a previous swing high or low and turns back the direction of the opposite swing high/low a superb "scalping" opportunity presents itself. An adept scalper...

Because retail traders are not investors and generally don't have the capital to trade fundamentals and hold through huge drawdowns before their thesis is finally proved correct. (Read "The Big Short" for an example of fundamental analysis being spot on, but a year or two too early.) For short...

Ya never know...anything can happen when you dream big... http://www.elitetrader.com/et/index.php?threads/topsteptrader.275976/page-136

Your equity curve should make upside progress once you learn technical price action (which means learning to trade price patterns that form to reflect the beliefs of the majority of traders at any given point in time). Your AAPL short was near the low of a narrowing consolidation range...

There are interesting ways to maneuver in chop. Feel free to drop me a line if you want to "talk chop" sometime. :cool:

I've filtered my setups every which way and have the same rules now for quite some time. There's a point of diminishing returns when trying to avoid losses.

A perfect pullback is price reversing and moving in the opposite direction of the trend abruptly enough to cause reactive counter-trend traders to immediately position against the trend because they believe they're going to miss the reversal, followed by price stopping cold at a key level just a...

IMHO: hate losses = unsuccessful trader

The halls of ET are littered with the posts of traders trying to develop a system that makes avoiding losses a priority. I personally tried to help several traders who made avoiding losses a priority. These poor souls would position themselves at perfectly reasonable price levels and then...

What if you simply put on the trade at EVERY previous [whatever] with a target that's 3x (or more) your stop loss and let the chips fall where they may? You see, there's no way to know in advance why you would take a short at some previous swing high here, but not at other places because "there...

I use a 20 EMA. It's not an indispensable indicator, but it's like having streetlights when riding a bike at night. :cool:

Will you be posting your trades at any point or just the results?