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Does your trading plan commonly produce such large strings of losses or are these outliers?

So looking back historically you have a strategy that's been profitable since around 1986. It's clearly survived every market environment we've been through to date, including bull, bear, range, single day crashes and trading halts. You've been trading this strategy for 80 trading days and...

Price on the daily chart yesterday = bullish Price action in the overnight session = bullish Price action in pre-market = symmetrical triangle trend continuation bullish breakout with conviction during the 8:40 eastern time bar What caused you to see a range that placed favorable odds...

Hmmm...strange. Are you sure he was successful and not just claiming to be? FWIW, someone once told me he paid a successful trader/mentor to teach him to trade and found out very much by accident one "successful" day that the trader was sitting on badly losing positions.

What factors prevented you from assimilating his method?

I usually have at least 6 trades a day but I'm a scalper. Where an intraday trend follower might hold through several retraces, or add to the winner on each retrace, I will trade the trend in several pieces. Today, for example, just before the pit open we were in a well-defined uptrend. Instead...

When I started day trading, I traded stocks, but unlike most of the guys in the chat room, I found myself trading the same stock for a period of time. I felt as if I "got to know it". Also unlike the guys in the chat room I had no scanner that threw signals for the "play of the moment". I...

"You have to believe it to see it."

Because trading in chop is not part of my plan, any trades I take under these conditions are "fly fishing" trades and I'm very quick to cut them off if they don't break the key level I'm looking at. Even in chop, I'm mainly trading from triggers off the 5-min chart. If you don't have a LOT of...

Between 9:23 and 10:21 ET I had 4 break even trades and 1 loss (I think I shared your second trade to the tick). It was difficult price action. If you don't have a solid plan for trading in those conditions, just wait for the market to tip its hand. Once price broke downside with conviction...

I trade in the direction of trends and I also trade RTM in both trends and ranges, and make money both with-trend and counter-trend. But I don't trade RTM during strong trends. Strong trends give reversal signals and that's the time for RTM. The point of my previous post was that I believe...

You nailed my trading style: Maybe price will go up. If this, then that. Maybe price will go down. if this, then that. The feeling that I'm seeing a convincing argument comes when price is a few ticks away from my profit target. :D

I made no forecast. I said that narrow range consolidation at highs is bullish price action and I also said that none of the price action the past few days is worrisome to bulls (except day traders on the wrong side of intraday price swings). As a day trader I not only can instantly become...

I've never seen anything in a book, video, webinar, forum, or chat room that can "find a winning trade". I've seen an ample supply of information that explains how to profit from series' of trades on an ongoing basis, some of the best of which is currently being offered here on ET. The...

I can't imagine a trader as successful as Lescor would trade an RTM strategy in a strong trend. With only a few years of trading experience under my belt, I know when conditions are conducive to an RTM trade and when they're not.

OK, that makes sense. I think trading 50 NQ is similar to 8-10 CL. :cool:

Are you referring to CL? Because I've never traded more than 6 contracts, and as a scalper I can't even imagine trading 50 without "the market" taking notice, LOL.

This makes a lot of sense if trading multiple instruments, vary size based on the nature of the instrument. I trade more contracts of NQ than ES, more of ES than CL. But when trading one instrument, any expansion in volatility is compensated for automatically by the fact that my technically...

NoD linked TJ to a day of actual live trades called in real time including support levels and stop loss levels called in advance, and he didn't even click on the link to confirm it was true. His response was: I felt badly for him, figuring he might be suffering from some sort of brain...

He once made a post here claiming to to be short several contracts at an exact high tick of a price turn. I was in a long position and had placed a limit order at that exact price to take profit. I'd placed my limit order immediately upon entering the trade, so I would've been pretty early in...