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At the end of the trade you either make a profit or you don't. Accounting methods are not going to change that. FIFO isn't killing your profit; if you are not making a profit it's your system or your trading.

How do you suggest that one practice trading?

A quote by Mark Cuban "Stocks don’t go up because companies do well or do poorly. Stocks go up and down depending on supply and demand. If a stock is marketed well enough to create more demand from buyers than there are sellers, the stock will go up. What about fundamentals? Fundamentals is...

What do you think was the difference? Did you trade differently when real money was on the line or were the fills and the way the market acted different?

I'd add these in your top 10 and throw out a couple candlestick books. It's not what stocks you buy, it's when you sell that counts; By Donald Cassidy Winner take all: by William Gallacher I'd also throw in anything by Mark Douglas

Too soon old. Too late smart. :)

How do they stay in business?

Trading strategy remains the same as it has been for the last 15 years. Buy stocks that are trending up and don't hold losers in the portfolio. I have no idea what the markets will do tomorrow. I only know how I will react to what they do.

Smoothly is moving less than 10% from highs to lows, making higher highs and higher lows. Bottom left is 2005 when I changed my strategy from buy and hold to market timing. It is also my trading account balance at that time. Top right is my balance today. 5 times higher than it was in 2005...

An equity graph that moves smoothly from bottom left to top right.

You are right I shouldn't assume. If I were a banker I might lend money if it were fully secured. I'd have trouble lending money if I wasn't certain that it could be repaid.

So is that your objective, to make a profit. If you have a profit now, objective achieved. Market is controlled by fear & greed. Are you afraid or greedy? Remember Warren's rule to be “fearful when others are greedy, and greedy when others are fearful.”

The OP said full time trader. Maybe I made the wrong assumption. You going to lend them money?

As a banker I would ask how would you make your payments on months/years you have a drawdown?

OK then what is the downside if you hold. What is your main objective when you opened this position?

What is the downside if you take profits?

How about you Ken, You got a written plan?

Having a strategy that works puts you ahead of a lot of traders. I don't trade futures or intraday so I won't be of any help to you. Good luck in your quest.

Why compare with ATR. You want to find a favourable risk/reward ratio. If your set-up loses 100% of the time then it doesn't work. If it works 50% of the time and has a 1 to 2 risk to reward ratio then you make a profit. If your system isn't working then you have to determine why; is it a...