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Sounds like the "Master" has it figured out and is "right" for him, which appears to be the main objective, and another to the ignore list for me. But to everyone else my points are qualified and stand, with possibly more qualifications ;). As always, choose what works in your system and Test...

You are thinking in a linear fashion and in theory. Staying in the rhythm of the movements is more important, IMO. I never said it was a "loosing trade", it is not a loosing trade until you take a loss. Ditto for a "winning trade". The fundamental importance of this concept cannot be...

Spend way less (75%) than you are making for 5 years. Think of it as an austerity program, Soviet style or 3rd world peasant-surf. If you eat all food that you make and buy at a restaurant supply store in bulk, and share housing and eliminate all non essentials, you costs can drop a huge...

Actually it can. There are Win-Loss and Scratch. A lot of people do not use the Scratch category of trades enough imo. It might be the result of ego. They have to either be right or wrong. But a Scratch trade is another "wrong" with a benefit of you can get a new entry. To be clear...

I would add that on ES, the predictable big moves, are when I stay away (for a short bit), e.g. Fed announcement. The unpredictable big SUDDEN moves are "OK" and I deal. But what about BTC? How are the big moves' predictability? Time frames? Overnight? Multiple news sources or multiple...

Well one would be at 10 ES contracts for one BTC contract for margin requirements. That means no scaling on BTC and that is a pretty large ES size to start. So maybe your question will be more comparative after the Micro BC comes out next month. Each will have its own behavior for day...

Everything, nothing, or some. Depends on your system. If you don't know, your system is not complete, let alone tested. Scaling, and size management is an integral part of a systems risk management, which in turns is part of tactical execution, entry and exit. It is not an afterthought...

I should have added for "short term trades". I am usually done in about an hour or two at most. Doesn't everyone optimize for $/time/effort? :) But hey if you set and forget, or if your average trade is measured in hours or days, you probably want distractions! I would.

Hi All, Just throwing this out there. In an effort to remove distractions I did the following "hardware" improvements. I think no sane person would say having distractions helps any serious trader. 1) An LED multi-color Puck at the door way. When I am trading it is RED, not GREEN. Helps...

Based on the OP and the replies, sounds like an emotional reasoning.

Not at all. I am saying you cannot scalp 100's of trades a day for 1-3 ticks because you are always behind 1-3 ticks. Scalping is not the same as day trading. But feel free to try. You might be able to, but I was not and keep a risk reward ratio and a consistency that made it worth...

In each tab I have several charts linked to a group (Colored chain icon). In that same tab I have a quote monitor, linked to the same group. When I click on a new stock in the quote monitor, it loads it in all the charts. Slow as hell if it is not cached. I stay under the 100 quote limit...

Yes IB TWS Charts. Even something as old as IB TWS is very reliable if you use only a subset of basic features. I stick to the core functions, so I only deal with one (predictable) minor workaround on a rare occasion. If have not had an "execution" error caused by the software in over...

I use IB only. I don't scalp, per se but day trade. True scalping is too difficult in the CME futures market with a retail connection and retail tools. The delay (1 to 1.5 second) is insurmountable. Often I will have executions a second before the charts indicate the price movement...

I actually sit like this most of the time when in a trade. And when out of the trade and waiting like this. Unless you grew up doing it, it can be hard, but it puts you in great shape.

I would add be consistently consistent across all aspects: Money management, tactics, emotional fortitude, risk etc.:cool:

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No. You cannot get fills as a retail trader. Imagine you try to fill multiple basket orders. What do you do when you are not getting fills? Go market? Always MKT? Back testing does not really reflect MKT orders unless you are doing something closer to TICK data. Right now you are playing...

All those "methods" are to applied in real-time, updated as the information evolves. Most people do a static application. The problem is all the Bots are designed to chop them up. Add the dynamic element and it will put you in a smaller crowd. The premises of the trade entry and exit can...

This is reality. So why do people not work with it? Just asking. But to the OP, the key is know when PA does NOT tell you anything. Or more precisely, what probabilities it is telling you. Combine that 2 second accurate assessment, in real-time, under pressure, with real money, without...