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Thank you for sharing, Richie!! I big-time look forward to more posts from you and have you on my follow list.

What average daily volume do you like to see and what price ranges do you prefer? Why? Some traders prefer massive volume stocks with lower prices Others search for out of the way situations with special characteristics.

Jessie committed suicide and died dead broke and deep in debt. ..but maybe that was for reasons other than his stellar trade management.

Do you watch the market action, perhaps up and down ticking stocks or the futures, as well- to help trade your stocks? Do you pay attention to anything other than price, like Level 2 or the order book? You have been doing this a long time now and through worsening conditions.

Mu is far outside your watch list price criteria. What is your take on MU?

Do you prefer the two stocks you select from your candidate list be correlated in some way?

How did you like this platform, DAS? Do you still use it?

Are you not worried about adverse selection with orders resting in the market (algos sub-pennie in front of you when things look good and letting you fill when the price is more likely to go against you)? Mu often flows well with the market; do you follow market flow with indicators like the...

Far too many shares.

Your draw It means you will not get the opening print. Probably you will have greater slippage than you think. Your 35% drawdown mention does not have enough information but I will speculate that you should drastically drop your position size; take your time with this.

Hitting the bid and offer? Do you ever rest orders in the market and risk adverse selection?

Sure. Most trading ideas call for hitting the bid/ask, smart route, etc. Gone is NYSE price improvement and in are the sub-pennie algos. Broadening my knowledge with this question. Thanks you for your reply.

Excellent advice. Most of the time when people come to me: A. They are planning a ripoff or misrepresenting Or B. They are well meaning but not competent ____ Of course we must, in a literal sense, often examine the deal. Buffett and Munger are famous for: Getting a little smarter every...

Many, many billions have been made by Renaissance Technologies via full automation. I have a hunch most ET posters are not on their level, though.

1. Be around winning traders. Try to develop personal relationships with winners. 2. Be aware of "self-intrest". There are always hustlers looking to sell you worthless and even harmful things.

Anyone extensively use resting limit orders? If you do, are you not afraid of adverse selection? -getting filled when the price is likely moving against you but getting denied your fill because of being sub-pennied by algos if your fill figures to be a good one?

Of course trading must be done and picking the right broker or prop firm is important, sometimes critically. There is nothing wrong with backtesting along the way and even after becoming a strong trader. Some winners backtest. It is my understanding that Rin4et has traded and has an account...

I am saying winning edges in US stock daytrading literally end quicker and quicker than they used to. Some of stock daytrading has revolved around regulatory glitches (SOES Bandits) that close quicker. Or Innefficiencis (following the short seller in low volume stocks, fishing for NYSE price...

I thought what she meant was that edges go away when too many are trying to make money with them; sometimes they were never there. Regardless: Bot Destroyer in Traders of the New Era was clear that edges end quicker and quicker as time goes on. He is always on the search for new ones and in...

I very much like your quest to backtest. You are smart enough to some degree factor in liquidity and slippage. PLUS... years ago I knew traders who simply learned good things doing this that eventually lead them to become bigger winners. Obviously Quant firms do this day and night, but I have...