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I agree that managing the trade will help more (not always, but I think in r10 yes). However, I am going to keep the system simple for now. As said previously I am going to re evaluate at the end of the calendar year. I may introduce a scale out, a trailing stop, moving stop to breakeven, or...

I think the real problem with r10 is managing the trade in a journal setting. Look at the first trade, the trade went more then 8pts in favor, but because of the rules, the trade was stopped out for a 3pt loss. I'm using these simple rules as I believe you can still make money. If I was not...

Once the trade got stopped out at 8:30AM EST, I start looking for the next r10 signal. In this case, I would looking to get short at 1286.75 (which did not hit). Then the market moved as low as 1271.25. Now the signal would be 1281.25 short which should have been taken at 10:20AM EST...

Trade stopped out. 0 for 1 -3.25 ES Points (I will be using .25 for average slippage and commissions) I'm going to post as real time as I can, however I am papertrading this while I am trading my own strategies (real money) so in the morning sometimes I will not be able to post.

Yes, sorry I did not explicitly post that. I just kind of assumed that in my head with the first trade not being RTH. Thank you for helping me clarify.

I agree. Just for journal purposes though, I'm going to start the journal with the first live trade above rather than the 2 that we look back on today. Otherwise I fear that the thread won't serve its purpose (and chief complaint) of non live calls. I'm going to do my best to post setups...

Thank you for the interest. Too much (critisicism?) unfortunately. I'm hoping this journal will help put an end to it...or at least be a reference for people. My plan is to papertrade (I trade differently with my own money using RSI diveregence on a few time frames and also option premium...

Thank you for the post. The rule starts at a reaction high or low. For purposes of this journal, I am starting with today's chart. Please see attachment. Here is how you would setup the trade in advance The last reaction high was 1291.75 (also happens to be today's high but it...

Is this why you post? You speculate on others but don't say why you post yourself. Personally, I post because I enjoy contributing to the good of the group. I also feel its fair that other people post their insights that I should post mine.

I created a Rule of 10 Journal (Papertrade) for fun. here is the link: http://www.elitetrader.com/vb/showthread.php?s=&postid=2021135#post2021135 V - I hope you don't mind...if you do please send me a PM and I will delete it. Not trading your exact rules (as I don't know them) but...

I'm bored of all the critics of Rule of 10...so I'm going to papertrade Rule of 10 to show it can be traded on a profitable basis. For journal/papertrading purposes, I will be using 1 contract. Here are the rules I am going to use when trading 1 contract (so obviously no scaling out) 3...

Kamek, Sounds like you are trading to NOT lose instead of trading to win. This is a big hurdle to overcome for most traders including myself. As long as you have proper position size, a stop on SPY above the HOD is not a lot of money to lose if you get stopped out. After you get a...

Exited trade this morning. I bought back 170C for $2120 (profit +$2860) and sold the 110C for $6820 (profit +$3060) Total commissions of $11 Total profit of $5909 fyi - Confirmations of trade times are on PST.

Long 1267.50 Stop 1265.50 Target 1277.50 R:R 5:1 30min chart stopped out

Let the trading begin Long 1272.50 Stop 1270.50 Target 1282.50 R:R 5:1 filled stopped out

Do you mean in the trade? I don't mind sitting in front of the computer when I'm in a trade... At least you get the chance to win it...i was just saying I guess its better than being stopped out 3 times (I'm a glass is half full kind of person)

I've forgotton how frustrating it can be to daytrade...sat in front of my computer all day and haven't made a single daytrade missed my 3 entries short today by a 2 ticks, 1 tick, and 1 tick. I guess its better than being stopped out 3 times :0

Getting close to my profit target here, I may try to exit this trade for 5k tomorrow. I will post when and if I exit the trade

I have more time to daytrade now as my seasonal business is winding down. Still trading longer term on higher level charts but am just going to be posting on smaller time charts (30 or less) with smaller stops for the journal. Short 1263 Stop 1265 Target 1253 R:R 5:1 All in all...

And give you time to find a system with positive expectancy :)