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I think actually starting to manage ones trades better, for example, once you know you are in a losing trade, to get out with the least amount of pain. Also, to know when to exit a winning trade before it turns into a losing trade. Today, even though I was not supposed to trade against an...

Also, how do I ignore a thread? I know I can ignore a user, but I want to ignore a thread.

Counter traded long at end of day, down $ 25 for the day. Hopefully, I can continue to keep my losses small. No more trades for today to try to make it back. Yesterday, I lost on 1st trade, but made a profit on 2nd trade that was more than my loss.

This is why I am afraid to hold overnight.

So let's take away some things that will actually benefit someone. 1) 1 min is noise, it's noise, it just is noise, no profitable TA book I have ever read claims to trade off of 1 min, so don't blame TA when you use a noisy chart. 2) Prop firms give you leverage, working at a prop firm is...

Wider stops are fine if you are going for either wider profits, or have a very high win %. Just having a wide stop for no reason leaders to wider draw downs.

Exactly, and that is why I had so many paying subscribers on my last system when they looked at the statistics.

No, I don't have to be smarter than the market, just smarter than you or other traders, what you define as the market is not some evil all powerful entity out to get you. What I am explaining is if a trader has an edge (An edge being defined as a setup with a probability greater than 50% of...

http://finance.yahoo.com/q/ta?s=^IXIC&t=5y&l=on&z=l&q=l&p=&a=&c= Look a little before Jan 2009 on the Nasdaq. This is when the market went down, and never came back up. Now, I am not saying that it happened in one day, but if you did not have a stop, and kept waiting for bounce or averaged...

Try this before a trade. 1) You will only trade based on a defined edge based setup, which you wait patiently for. If you don't see a setup, you don't trade. 2) Once you activate a trade, you will abide by your stops and targets and accept the risk of the money you committed to the trade...

Market closing early Mon and all through Tue. However, its open now, and I made a decent scalp trade since its unlikely I will be trading the next 2 days. http://www.cmegroup.com/tools-information/holiday-calendar/

Well, obviously, I wished I went short during the night, but normally I don't trade at night so did not trade. However, I did see a long setup just now in future that I like, and I got a perfect scalping victory. So did end up with 2 winning trades for the day, and may not trade Friday.

Can you create one for me to try in NT?

Use currency futures and you don't need to worry about the broker trading against you. However, you do need to trade when the market is moving or have automatic limit or stop orders set to go off if you are sleeping during that time.

One last point. After being successful for awhile, and finding something not working leading to losses can lead you to revenge trade. For example, I took some losses last week when I trusted my indicator more than my ability to read PA, and then decided to lose more getting eaten up by chop...

Meth :-)

I have seen similar systems, they last many months until the one trade blows up the entire account. See you do have a stop, its called your account balance. You just deceive yourself into thinking you don't have a stop. Actually, in ES you can have a very high win% with equal risk vs reward...

Real money stats for last 2 weeks when following my rules for trading.

As another suggested sim trade a few days till u see if your setups are working. If not, research until you develop an edge or pay someone to mentor you. Remember there are going to be losing days no matter what, but you need to not revenge trade when you have a losing day turning it into a...

What is so hard in opening a small account and trading it with real money? Worse case you lose some money.