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Here is the condensed version: For the effective part; as for the profitable part that's up to each individual. Why are you trading; be very specific. What are you trading; be very specific Where are you entering your trade and why? What is your position size and why? Where are your exits...

Where are your stops?

In a way. Rather than look for instances when the set-up worked, Easy to see on the left hand side of the chart . I looked for when the set-up failed. My limited experience with back testing is that it leads to curve fitting. Forward testing in real time will give you more realistic results...

The only way you Know your system is profitable is to trade it with discipline.:)

I researched and read everything I could get my hands on. I studied the market. I watched what worked and what didn't I kept it simple. Something I could easily explain. My priority became to protect capital, limit risk and make money, in that order. I spent a lot of time trying to prove my...

I agree. I'm happy with 15 to 20% annual return from swing trading stocks. A comfortable living. I'm sure the guys making triple digit returns are out there, I've never met one.

Mine are: 1: Have a trading Plan 2: Follow the plan

What do you consider a reasonably large AUM? It is a decent benchmark. Not many traders manage to exceed the S&P.

I don't write articles but yes I spend a lot of time figuring out what doesn't work. I keep suggesting. find out why traders fail then don't do that.:)

It's a ligit question. His posted position size is usually about 6 hundred bucks, If he makes 500 profit in 5 trades he's a trading genius.

Shot Gun approach. Throw out a lot of trades and different strategies to see if anything works. It seems you are cherry picking the winning trades for your presentations. Do you ever do articles on what you tried that didn't work? Would probably be educational but wouldn't sell. :) The problem...

Is that a reasonable goal considering you trade small size?

I've noticed that and wondered why myself. It's impossible to know why any trader does what they do. As for your solutions they apparently are not working as you are still overtrading. My suggestion would be to post your entry rules then have to explain why you broke them. I would assume that...

Then try it on a demo or sim platform. Trade $1000 not the 100K or a million that they allow you. If you can make money on sim then possibly you have a chance with real time, but be aware that sim fills won't reflect what will happen when you go live. Or you could donate the grand to your...

I just noticed that OVV also trades on NYSE and the last minute spike was up. Maybe some kind of arbitrage play.

Take the time to study why day traders fail. Then don't do any of that stuff. If you were trying to cross a busy street and 9 out of ten people that attempted to cross were hit by a car, would you be as eager to try?

My one minute chart shows a huge down turn on abnormal volume in the last minute. I believe TSX is electronic so the bots might have gotten out of control.

I won't ask the P&L of the other trades as they were not mentioned this morning. Better than 1 to 1 risk to reward on TVIX (almost 1 to 2) not quite as good on TZA. Thanks for taking the time to post. I'm waiting for loser. Best way to judge a trader is by how he handles his losing trades...

Where did you get out of TVIX? How about TZA?

When did you sell and more important why at that point?