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Risk aversion is paramount but risk too little and you under use capital. Find the balance. No Heat

The SPY has dividend payment adjustment that makes the long timeframe charts far from perfect; also many times irregular bad prints that screw with analysis. The ES has rollovers so suffers from the same problem, even if your data feed provider does back adjustment do not trust it for long...

Nothing wrong with that, you just need exceptional accuracy. Even better to have exceptional accuracy and risk reward ratio, therefore, why settle for something inferior? No Heat

Bone, You not reading me correctly or perhaps I did not express myself properly. I was basically debating his definition of trend trading which I thought was utterly incorrect. At no point I stated or implied that I am against shorting LLs or buying HHs. No Heat

Based on your statement the only true trend traders would be those buying higher highs in uptrends or selling lower lows in downtrends. Come on now don't waste my time. No Heat

If you zoom in to find trends, of course you will find them but this is using a tangent for debate, not applicable, as I'm trading the fractal of the consolidation and not the fractals inside them. No Heat

Never said anything about trading countertrend, in fact I stated what to do if there was a preceding trend before the consolidation and if there is no preceding trend and just consolidation, just exactly which trend am I fading? Careful with the "dimes and quarters" statement, my experience...

First of all, don't generalize there are many ways to profit from the markets. My definition of averaging down is adding to a losing trade, not into infinity, that's just idiotic. It's interesting that this board and the majority of traders (the 95% losing chunk?) downplay averaging down...

Assuming consistently, even throughout low volatility. 5 points a day average account to approximately 100 points a month, not realistic. Maybe the top 25 traders in the universe. Just consider how much more than 25 Jackpots and lotteries are paid worldwide on a monthly basis and that...

Please post a chop fest using the same tools and same parameters and you'll see your pretty indicators become garbage.

Many steps are required. In no particular order, You need an edge, rock solid discipline, smart money management, adequate trading environment, dominion of your trading platform, redundancy tools, fairly good health and last but not least capital. The business is not easy but...

God forbid those high yielders's yield get cut or suspended.

If you are making 3-5k a week and you only trade one contract in my opinion you are mismanaging leverage. Don't confuse win rate with success. My winning rate is aprox. 28% and I trade over 10 ES contracts without psychological issues. Suggestion for the OP, use constant risk and let the...

A fundamental problem with most traders is that they insist on predicting instead of reacting to the price action or patterns of the charts. On the daily chart there is a potential Head and Shoulders. On the 60 min chart there is a complete inverse head and shoulders. If the neck of the...

If the OP uses 0 as maximum risk on an instrument that cannot go to 0 and he uses intelligent money management on the adds he has the start of good strategy, therefore, laughing at the newbies calling the OP one; typical ET acting as maestros when they fall short of even being a student. Your...

Neke, Stop trading cash, it's overly clear that something it's amiss. It's so obvious you should stop whatever you are doing immediately and make sure you secure whatever balance you have left, which should be plentiful to get back on your feet whenever you tight the loose ends. You need...

My pleasure, glad to see you on the right track.

This attitude is precisely the kind that prevents traders from capitalizing in markets like the one we are experiencing right now, fear of buying near the current top, fear or shorting near the current bottom or greed calling reversals on well established trends. If you are finding it hard to...

Let me give you some advice assuming no daytrades. It's one thing to buy a strong company when the whole market is at oversold levels. It's another thing, to buy a company under serious accusation by the SEC when the market just finished doing a new 52 high. GS right now is too...

No idea why there is so much ego in this site. Anyway, no reason to generalize. It all depends in how precise you are as a trader when you enter or exit. Naturally you have setup backtests to know where you stand. If for the most part you lack precision on entries, well scaling in will...