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Yep, and here is the story of one guy who made millions and then lost it all back and then some in a short period of time. It's a great read with a great lesson: HONOR YOUR STOPS AT ALL TIMES.

Well, it's all definitional. Tradings PB's is not mean-reversion in my book. Mean reversion is when prices move "out of line" with a longer term trend....and then start to revert back to the average.

Wait ! I remember him saying earlier he is going with the trend. Now he is going mean-reversion ? Big difference !

Looks like money is moving out of big tech and into small caps. RTY continues relatively strong.

I note that many of Theo's trades are against the trend of his indicators.

Yep. Theo is going to have to do that eventually. No exchange fees ? Wow, that now makes the CME a super-ripoff. I always had the opinion that Terry Duffy was one of the greediest people on earth.

The CME exchange fees are already exhorbitant...and they keep going up ! Any more fees and scalping will be toast.

For anyone into EWT, that 5 minute chart showed almost a perfect 5 wave up pattern from the 10:50 am low. Too bad that's not a regular occurrence.

Well as we all know it's practically impossible to predict whether the day is going to trend or chop. If you are scalping, that should impact you much less than what swing traders would experience. One day is no big deal. If you can maintain a string of winning weeks, you're way ahead of the game.

Exactly. We have a lot of long-only "perma-bulls" here.

Dude - Do your "due diligence" first before commenting: https://www.worldcupchampionships.com/world-cup-trading-championship-standings 2006 Kevin Davey 107% Futures

Of course. Trade 4 instruments....then have 4 monitors. There are 3 factors at play here: 1) Liquidity - and I think MES, MNQ, ES, NQ, RTY, and CL all have more than adequate liquidity. Making the decision to trade on the basis of highest liquidity is flawed. The real criteria should be "Does...

Sorry to disagree.....if you trade only one market and it starts to "flatline", you're not going to make any money. Now if you are trading 4 markets, you have a much better chance that one of them is moving. Take CL for instance...today straight down.

Huh ? If you throw NQ aka "The Beast" into the mix, I doubt seriously that you can also effectively manually manage 3 other positions in 3 other markets. Well, the experts like champion trader Kevin Davey say it's best to diversify....multiple markets, multiple systems. Jim Simons from...

If you are talking about multiple DIFFERENT contracts i.e. ES, NQ, RTY simultaneously, I could understand that....I don't think it's possible to MANUALLY scalp 3 DIFFERENT contracts at once. However, if are talking about going from 1 MES to 3 MES, then you are not making sense. If you have a...

Yeah, but what about the last 2 hours ? ES/NQ has shown to make some good moves after 2:30 pm.

I don't think can happen with such a short time-in-trade...unless there is an unexpected news event....for which you have a disaster stop in place. BTW: What is your ATT (Average Time in Trade) ? You've got to be careful with this as you will find that by increasing your profit "reach" or...

He's not lucky....he's good. He gets out most times without hitting that "emergency stop". Every system whether manual or automated should have this kind of stop for cases of news events. No it isn't...he just needs to work on reducing those transactions costs. A lease on the CME would go a...

Fair enough. What is his sample size ? (i.e. # of trades, # of days) He's gotta be doing 65-75% I would say.

If you haven't back-tested your entries, how do you know they are "high probability" ?