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I think I set a new record today: Longest period of time in a CL trade 1 hour 9 mins :D

The first trade idea wasn't horrible, the entry was low odds. You look to the left and you see the market environment is a range. Initial breaks out of ranges fail far more often than not, so you want to position in advance of the test of the range extreme(s). You positioned just a few ticks...

Stop loss?

Exactly. True capitalism would allow the markets to be free of bailouts and subsidization of companies and industries that can't support themselves through the natural selection that occurs via supply and demand. ADD: Packaging subprime mortgages into structured products and labeling them...

Shhhh...don't do anything to attract the Smurfs back! :p

Our public mis-education system is another example of the welfare capitalism our country is currently based on. Taxpayers subsidize publicly traded corporations many of which, if required to take responsibility for harm they cause, would quickly go bankrupt. Education is Big Business...

Yes, that's right, it's for a living (to pay bills, have some fun and add to savings). And a little side benefit is a lot of time for a life. When I hear about people commuting to work two or more hours a day, or watching TV four hours a day because they're so stressed or depressed, working...

If your plan is to trade only to the short side, then you only trade to the short side. "Consistently profitable" doesn't mean "no losses". Double digit handle losses are easily offset by double digit handle gains such as Ammo's recent trades. Geez got an earful from someone posting to...

How do you define "better"?

Ammo is one of the 95% of traders who not only has a plan, but trades it without letting what he thinks, or what others think, get in the way of his trade execution and management. He has been here on ET demonstrating a Trader's Mindset beautifully day after day. His particular trading method...

As you say, those are the easiest reads and easiest profits. You'll build confidence by limiting yourself to those trades, IMHO. It looks like your later trades were symptomatic of "thinking while trading" and consequent micro-management. The 7:10 containment bar (on both the 1-min and 5-min...

When speaking of lower highs and higher lows, I think most traders mean swing highs/lows on their chosen chart, not highs/lows of individual price bars.

The distribution of wins and losses is random, so if I had two or three (or more) losses in a row, it would be meaningless in the larger scheme of my plan, which has positive expectancy over each series of 10 trades. BTW, the 15 tick is a max stop. I haven't had a max stop hit in a long time.

My personal experience says "No". I was unable to trade the profitable strategies of people whose trades I could follow every day. I didn't trust their systems. I got a free swing trade setup from Pristine every Monday for almost a year with a description of the setup, the entry price, stop...

http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi

I'm a scalper and I've met a few other scalpers and none of us is willing to take large losses, realized or unrealized. My usual profit is 20 ticks and my max loss is 15 ticks (very rare to have a stop that wide). The two I've met use even smaller stops. Do you know anyone who actually makes...

The ability to develop and trade a positive expectancy trading plan.

When my main instrument's volatility declined severely a while back I ran stats on fixed targets vs technical targets vs flexible targets. The fixed targets had the best outcome over time. I trade a particular trend-following setup where I have a method of letting it run IF there's ample...

Where do you place your stop loss if the previous day resulted in a loss? FWIW, as a beginner I used to trade based on my view and stick to my position. The net result over time was negative. When I finally learned to simply listen to what the market's price action was saying, I developed a...

Are you Alan Farley??? :p