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Trade method versus the Trader. :sneaky: wrbtrader

Shorter message this time... I truly believe that those that say "I backtested and then it didn't work" are implying their backtested method had positive expectancy and it just didn't work in real money trading. I strongly suspect many of them did not properly backtest. For example, you will...

Exercise regularly, healthy nutrition, sleep properly and have a social life outside of trading. Also, go see your doctor (a few times per year) to make sure you're in good physical condition...trading will wear down your body. Seriously, retail traders, institutional traders and anyone working...

Yeah, there's a lot of people that have backtest positive results and then they move directly into real money trading to only fall apart (loses). The problem is that these particular traders skip the critical "simulator trading" phase in between the backtesting & real money trading. You gotta...

MidwesternTrader Thanks for the discussion about position size management in combo with stop loss management...very interesting. I've always approached position size management and stop loss management as independent of each other and have done very well as such but your approach causes the...

There's statistical data about this going back +20 years on the major market indices. Try to find those websites that sells the statistics and going forward you can easily start to maintain your own stats along with daily intraday charts. Just be careful with trying to apply stats from one...

It can be backtested and you'll see why it's a losing approach for daytraders considering the nature of daytrading itself. Simple example, someone does the study on a technology index but doesn't disclose its the technology index but everyone else reading it will then try to apply it to...

I've never seen it before. Maybe ET owner is trying some new coding or implemented a "new post" to the thread icon ??? Check to see if it's under the same for everyone else or if you only see it on new posts to any thread. Edit: I see it now to on "new posts" in other threads. Must be...

I'm beginning to suspect you're trading "without stops" and/or "without adjusting your stops into a trail stop when a trade moves your way. That in itself alone will allow your emotions to 100% control your decision making process. To take a little of that control back...you gotta use stops &...

He probably does his own backtesting on historical data that he has or he got it from a website (subscribes too) that publishes historical / seasonal market tendencies on major market indices, futures or he has data on inter-market & intra-market patterns. Another possibility someone else...

You started this thread in the "index futures" section and then you specifically stated you want to learn how to day trade the Emini futures. Now you're saying learn day trading so I could make 1 or 2 trades a day and profit from the intraday stock trends. You interested in day trading...

The issue may be the location of the trader (city), location of the broker server (city) and name of the trading instrument. Three things that impacts a scalpers latency and possibly the results of their trading performance. wrbtrader

Hi Robert, Out of curiousity, the HFT firms of the CME...do the servers of those firms typically setup in the Chicago area to have that "low latency" ??? Also, would you recommend that a scalper (retail trader) of the CME futures relocate (move) to the Chicago area for the similar like "low...

Many "professionals" at banks and institutional trading firms tried manipulating the forex markets so that retail traders didn't have a chance. Some were caught...convicted, fined or fired while most of them are still out there doing the same thing but more secretive now...

The typical "intraday retail trader" I've talked to are using time frames like 1min, 5min, 15min and 1 hour charts. Typical scalpers are using 1min, tick charts or second charts or no charts at all because they are DOM traders and the s/r plots aren't lines drawn but just a key price areas...

Backtest your trade method and then compare the results to your simulator results (use a real simulator from your broker only) and then compare your results to any real money trading. 3 Different results compared against each other. That should give you clues about your trading. Hopefully you...

Why did you moved out of the prior shared co-work space ? Also, was it a prior co-work space before you arrived or was it something you converted a space into a co-work space ? wrbtrader

Owning marijuana stocks is an investment...not suitable for trading until all the regulations, laws, bylaws or whatever have settled. Yet, if you prefer gambling...save your money and go to any nearby casino or spend it all on the lottery. Trying to trade the marijuana stocks or penny stocks...

Have you recently backtested your trade method on Crude to determine if its suitable to switch from the Emini futures to Crude futures ??? wrbtrader

I'm curious...do you take trades when you announce a "should be" price area ? What I mean is that do you take a trade position after imprinting on your thoughts what the next price level will be. Its something I'm curious about when we as traders or anybody else that maintains a trade...