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No one will know when the momentum will gone, trend following is no any better than fade trading. They both are loser games if you include commission and slippage.

Commisions did kill, especially if you trade IC blindly - e.g. you trade IC routinely or mechanically each month without looking at the market context such as volatility. In long term you net P/L will be zero but you loss as you pay commission on top of those zero PL.

Don't day trade. This only make your broker or bucket shop owner rich.

He will continue collect the "profit sharing" from his investor until the sh** hit the fan (which will happen eventually) He will not blow up, but his "investor" will (If I read the thread correctly, the live trading account is opened under his investor's name). This means IB or whoever broker...

Your are using the low reward and extreme high risk super leverage strategy which means you will win most of time with small gains, until one day when the sh** hit the fan (market gap up/down) and you will loss ALL Plus many times of your initial 10K capital. IB or whoever your broker will...

I am more interest to know what is your plan if the market gap up or down after close ? You did know that you will loss many times than your initial capital (10K) in this case ?

Good luck.

99.9999% of the day trading strategies fail, the reason is the edge from most day trading strategies will not sufficient to cover the cost ( commission and slippage). Big institutional (which has ample resources and more smarter people that you and me) already have tried this without any...

Look at this thread .. https://www.elitetrader.com/et/threads/how-common-are-really-large-successful-traders.296140/page-9#post-4308477

Sometime you would rather have SMALL drawdown from time to time than a lot of SMALL wins with one loss trade that will blowup your account.

Don't think so, consider the potential DD of your strategy vs the potential return.

Hold the losing position and don't close it, until either 1) The market turn and you win like a never loss super hero 2) Your broker close your account for you when you run out of margin.

Another dream sold to newbie by those fake guru or cheap books.

Open a paper account with thinkorswim/TDA, try the above positions in their platform.

Good luck to whoever think of to invest in this clearly scam artists..

Re-do the chart after you normalised by inflation. A dollar today is different from a dollar 100 years ago.

99.9999% of the day trading strategies fail, the reason is the edge from most day trading strategies will not sufficient to cover the cost ( commission and slippage). Big institutional (which has ample resources and more smarter people that you and me) already have tried this without any...

You will find the 0.001% after many years of hard works, but please don't expect someone will share with you the 0.001% in the free forum like ET. This is aka you are asking Coke to share their recipe in any internet open forum so that you can start your own soda business beside their shop.

Day trading is not for someone like you. The commission and slippage will remove any of the edge immediately, 99.999% of the day trading strategies will not have the edge that can cover the slippage + commissions. You mention you are pro in gambling, think of commissions + slippage is the "zero"...

This is precisely why Karen strategy will blowup eventually (and so do others such as LTCM). The black swam is actually just a "grey" swam in finance world and happen quite frequently..