My system is 100% objective, been trading it for years manually but am actually in the process of having it coded. Should be operational sometime in Jan.
I scroll through multiple time frames looking for a handful of bar sequences that I've identified as being worthwhile and only trade when...
I can't speak for anyone else, only myself. I've been doing this fulltime since '98. I didnt mess around on message boards UNTIL I was already consistently profitable.
Why waste time here if that time could be better spent analyzing data and crafting an approach?
For a SPY long trade: I set fixed profit tgts for the majority of my position and then, with the remaining, I hold until price trades 2 pennies below the low of the previous directional bar on the time frame I'm trading on. This way I can hold in case price continues in my desired direction but...
Also, the last 8 months have been almost nothing but an up market. Wait until we hit a sideways or down market. You need to experience all the cycles and then come out the other side knowing if your system is legit or not.
Specific view of the market = too rigid
Previous days profit as a stop loss = totally arbitrary
And of course as has already been pointed out but if yesterday was a loss then...
No way this is a long term strat, sorry
He needs to be benched (sat) the rest of the year because he's not healthy and what's the point in potentially having your franchise quarterback get hurt in the final 3 meaningless games of your season.
RGIII needs to come in to training camp next year healthy and ready to work. This season...
"I am my best friend, my business is my best friend"....."when you make your first million I want you to contact me, cause we're gonna be business partners."
LOL, miss ya Jay.