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:D:D But does that matter? I might have been a billionaire when I started.

OK. Does anyone have anything besides anecdotal evidence that day traders are kicking ass?

It's tough to compare because there are few audited records. I'm not sure a day trader has ever won the trading championship. You would think one or two would enter.

True but they don't have to. I spend an hour a day max. Trade one market, rarely have more than 5 or 6 positions.

I'm happy being right 50% of the time. In a raging bull market my system lags and look pretty damn good in years like 2008 & 2020. Keep in mind the first priority is to protect capital. I prefer to keep things really simple. Although I still struggle with whether I should sell too soon or...

Can you think of any reason for this except that I assume more trades from a day trading system. If your system has a positive expectancy you would expect day trading to out perform. How are you computing position size with your tests? Are your risking the same amount per trade with each type...

How would you do that?

I'm not sure what a regime based exit is. I exit when the trend breaks. I assume that evaluate and model means to take an educated guess. What are the chances I guess wrong? When a position moves down (the trend changes) I don't reduce size, I exit. Trades done and I look for another...

Depends on the price action. If a stock keeps trending I'll stay in the trade. I cut losses quickly, at times the same day if the trade moves against me. Typically if I pick the right stock at the right time I hold for months if not years.

I'd be interested in learning about these strategies. #1 priority is to protect capital. #2 priority is to take advantage of opportunities the stock market presents every so often. I'm a retail trader with a margin account. Rarely leverage the account. Trade only stocks and only long. Risk on...

But the trade is still over. I agree you don't know where your exit order will be filled and gaps can cause bigger losses than you planned. It happens but not that often. Having a method of getting out of your losing trades is still the best risk control I have found.

Once you are in cash the P&L of the trade is certain. The trade is over. How can it be uncertain?

Zurich Axiom #1; If you are not worried you are trading to small.

Especially in trading. Work smart not hard!

A couple comments: I think I've mentioned this before, but without the context of account size a $1K winning day doesn't mean much. Why do we never see your losing days? :sneaky::sneaky:

A reasonable stop is when you exceed what you are willing to risk on any one trade.

No one has explained why you shouldn't use stops. Stops don't prevent a loss they keep losses small and protect your capital.

Nope. But then us crazy people don't know we're crazy. Why wouldn't you have a stop.

Why wouldn't you have stops on your ETF or Mutual Fund? If the trend ends you don't have to ride it down. Don't you believe that the market cycles?

How do you control risk?