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True, but that's more a tactical maneuver to compete with potentially weaker opponents rather than deliberate resistance to gain something. :) Why would anyone (unless with a proven mental/emotional pathology, which makes it simply dangerous) agree to possess less of power (assuming it comes...

Money is just energy. Neutral by itself. How to use it is up to a person. IMO money is great freedom and ability to do a lot vs. no money. It's like you being strong vs. weak. Physical strength can also be used for good or bad, but would anyone prefer to be weak?

I guess you mean one- and two-legged corrections on 1-min with 5-min trend? :)

Then what is the difference between statistics based and robust methods?

Substitute trading holy grail for neurosurgery holy grail and absurdness of this "holy grail" mindset becomes obvious. :D

Yea, I don't understand your point (probably due to me being not smart enough and not you explaining it badly :) ). Do you want to say that statistics based approaches are inferior to "robust" approaches and those least are not susceptible to liquidity issues?

I am very consistent in auto parts sales family business (20% pure profit margin on every sale on average). Now can I easily scale it up to sell $1M worth of parts a month and not $200K as it is now? Nope. Not any close to being an easy task. Asked you the same question about NoD. Can she...

No it's not my neither a #1 problem for most @ ET I believe. Considered it important though to mention that compounding is not so easy magic trick to become rich as many could imagine. Scaling up is a very serious issue in MOST businesses.

One important issue here, especially for day traders: liquidity. Let's suppose NoD (one of the most recognized traders @ ET) is consistently profitable trading CL. Can she scale her skill up to move millions of dollars per day instead of thousands? No way. Of course if someone is able to...

Start with CTA exemption (aka "Friends & Family account) and see if this business suits you. Doesn't require to be licensed and is a good at least for start-up/evaluation.

I wonder: isn't chop the best environment for such an (obviously fading the market) approach? :confused:

Not sure about the US, but Russia is surely in the process of slow-down to nearly a recession already. And as we know, global crises not always are born in developed economies only. P. S. Sorry for off-topic, Maverick.

I'd probably like to, but can't see how it can be done with all nuances considered.

People also read too much information of suspicious quality.

You read my mind. :D

Consistent profitability.

Didn't notice any significant changes since 2005 when I started to trade. :)

It was a good time, but doesn't look like a good idea to bring the past back. :)

You mean if your long entry is the current day's bottom?

True. I just treat ego as one of our survival instruments too. Just like immunity in some situations boosting your confidence helps, but in others it may hurt. I agree with you that only OP surely knows which is exactly his case.