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I\\\'ve backtested some of my set ups, but not all, but now I\\\'m told that backtesting doesn\\\'t work? What qualifies as backtesting i\\\'m confused... should I spend more time backtesting intraday set ups programmatically, or just from looking at the charts and testing my set ups on...

RN, I wish it were so easy! When I\'m trading in sim I\'m much more relaxed, take fewer trades and follow my plan much better, still not perfect, but much better. It\'s very hard to care about your sim trades as much as your real money, but I\'m trying...

if backtesting doesn\'t work, what does? Is trying to learn tape reading by watching the charts life for a long time a way to do that?

out of the last @2314, +1085 on a trade, still out too early, but I feel that the profits will evaporate. Emotions are still in play even on the sim :( +240 for the day :)

closed 2@2308.5 before my target was reached. I\'m cutting my winners short.

stopped out and again long 3@22.92.25, stop 2288.25 bounce off YL.

another observation is that if I weren\'t in sim now, I would have covered some of my long now to make up for the 2 losers I had today, but i\'m in sim, so I don\'t care and will hold it. That\'s why sim trading is so different. :(

one interesting observation is that ES made a new low in 12 slot, but NQ didn\'t . I would have been stopped out by now on ES, but not on NQ. And I did notice that many times before in a similar situation. So the lesson I need to learn if I go back to trading ES is to give it a .75 - 1 stop...

we can certainly discuss this later today... Other people are welcome to chime in. Do you use fixed stop in number of points? or $? or based on the set up situation? thanks.

I\'m in the process of backtesting Es vs Nq as well as working on selecting my best set ups. It\'s a process that is going to take me a while, so meanwhile I\'m trading NQ to get a \"feel\" of price levels, S/R, stops, etc. I can\'t just memorize the levels, I need to trade them to get familiar...

I\'m not sure I agree with a concept of fixed stop loss. I believe stop losses should be placed in meaningful places and trade still have to have good R:R

all trades fore now are sim.

it was a false break out.

long 3@96.5, stop 94, target day high.

stopped out again. -$420

long 3@2306.5 on break out above of the bar that made new low for the day. stop under LOD

congestion for now.

stopped out. -$270

SIM long 3nq@2313.5 on break out bar, stop 23.09. target 2328

It was a false break down and new lows didn\'t last long. The original trade would still be valid, had I been at the screen, but I was away from the screen and missed it. Pull back to 2300 was a second buying opportunity.