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Hello, If a trader buys a vendor trading system online to manual day trade, how can the trader confirm if the system has actually traded with decent historical past performance? Would you back test yourself? Thanks,

Hello, You can try sim/paper trading. This way all trades are fake and free.

Hello, I try to trade this way as well, without the trend lines, just support and resistances. I have noticed the trend lines just get in the way during intra-day trading. Trading breakout is doable, but just keep good records of each trades on how you want to trade it. Manually back testing...

Keep it simple and frequently invest in the S&P 500 index for the long run. Day trade the market up or down for the income or wealth accumulation. If the people on TV knew the market was about the crash, they would not be announcing on TV, they just actors and just say stuff to keep people...

Hello, Good questions. Find a trading system that have proof of consistent making money. And like CyJackX said, paper trade or start with small cash capital. Read books and keep it simple.

Thanks Steve for the response, 1. So you don't just let your your winning strategies run all year? 2. You start and stop the strategies based on market conditions? How do you know when the market conditions will change? 3. Do you recommend NinjaTrader for proper programming, back testing and...

Hello, Anyone care to share what happen so someone learn from all the scams out there? Seems like everything is becoming BS with these brokers or vendors. I recently discovered the holy grail to trading is to save my money til if prove something works.

Thanks for your response. I am leaning towards NinjaTrader as well, although some say, including Kevin, that Tradestation is cheaper.

Thanks johnbennett103, I am very familiar with Kevin Davey and I am currently reading his book on algorithm trading. What platform so you use to program and test your systems? I am heavily considering NinjaTrader with its #C language.

Good comment MtTrader, Do you use Breakevens with your 3pt stop? If so, when do you move your stop to breakeven? Thanks

Thanks johnbennett103 for your response. When you say never stop researching , do you mean try and consider different strategies? For instance, should a price action trend trader, consider counter trend trading. I've read several sources that states to stay with one niche and build off that...

Thanks ironchef, My quest for the holy grail of trading is over. I am the holy grail and whatever data I have. I read the books for directions and methods of doing things and knowledge. It's no different then college books reading. I have to take all the trading books and see what I can do. And...

Thanks ironchef, I was not talking about ET members, i love ET members. This is the best site on earth. i was talking about the vendors and previous systems I get burnt from and lose the money. Thanks,

trdes, lol, Agreed, if i am trading 100 lots, I think I can afford to bigger people to try and beat me. Do you manually back test or program and then automate the back testing? Thanks,

Thanks trdes, Do you think big players will start trading against me if my trading system is using 2-3 contracts per trade? What size contracts do the big players normally look for to trade against. Thanks

Thank you Murray, I appreciate your recommendations.

Thank you for response tdazio. I will read it.

Thanks for response userque.

Thank you Murray, I really appreciate your time and effort for find those links for me. So what recommendations do you offer to people like me who has put time into manual back testing strategy? It seems to me like manual back testing is not the best option for time sake and mistake free.

Thanks Handle123, I like your comments about: 1. Starting with 1 contract 2. Thinking of the process as fun challenge like a puzzle 3. Its long process, cause losing is FAST. Definitely can relate to this. Good information