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If one cannot tell when the edge is gone, then one does not know what the edge is in the first place. Any system should have its limits and stress tests done BEFORE trading. One should be able to tell over a series of trades what is "normal" and what is not. If one can't do it that, then the...

If the system required me to be in exactly in an 80 degree ocean, on the 8th day of the month, for 80 minutes. Because 8 sideways is the infinity sign indicating infinite profits, and 0 is a super special number. AND then I can write off the expenses as "trading system requirements".

IBKR seems fine except I get lag where orders are executing before they show on the charts, by about 1 sec. Faster execution would be great but I suspect it is my internet slowness more than anything else.

Hi All, Is it time to upgrade from IB TWS? I have a limited understanding of how to evaluate a new system. I trade ES futures contracts only. Size is relatively small (<5 to 10). Most trades are under 5 minutes. Execution speed, relative to what I see in a chart is critical. Will not run...

Vaping is also really really toxic. Most people do not know. I had a large weed farm. 1) The extraction process is 50x more efficient at extracting toxins than THC 2) All the crap weed and junk is mixed in with the good stuff before extraction. 3) Although it is supposed to be tested before...

All this testing is good, but what are the measurements-criteria for pass-fail? Until you know this all the testing in the world is not enough.

How to Trade Crypto, Stocks, Credit to Make Money: 5 Traders on Disrupted Markets (bloomberg.com)

Steve, 3 problems: a summary of what everyone is saying. Lagging indicators (EMA and Stochastics). You can work with them, but have to know they are behind by more than the time period of the bar. Usually you need the completed bar and the next bar to confirm. Too easy to undo the signal...

Nice Work LF. I will stop posting now too and get back to work. Today I am done way later and did 9 points in 18 trades, but the LWM (-13 points) was way off kilter, so all in all a BAD day. System is reset for next week after making adjustment. Have a good weekend all.

I tend to agree. A runner feels a lot like FOMO and adds a lot of complication-energy spent that can be used on the next full size trade. BTW: Today was 21 trades for 6 points. Looking forward to tomorrow as I finished the modifications, so IF I can execute, should be more points and/or less...

Risk reward DURING the trade is key IMO. I probably need to change trade management tools because with IBTWS really you only have an "single trigger" adjustable stop and a trail stop. If there were multiple trigger-adjustments possible, then one could include an adjustment for the start of...

This leads back to the OP question. Adding to this, (when and when not), sometimes you need to exit before the Stop or the target. A lot of system are Win or Loss. But there, imo should be a "scratch" category. You eat the commissions, but if the premise has a time element, or an expected...

Continuous Process Improvement. MEASUERMENT of trades and Trading summaries.

I very much agree. Not a system to live with! Expectancy was so low at 17.00. TBH, a lot of the work on the system is to determine what does not work and what is sub optimal. Most people just choose to find out what is optimal and stick with that. Since I am measuring, the data provides...

61% win 21% scratch (+/- 3 ticks) and the rest lose. P/L was about 750. That number is about the 50% range of deviations for daily P/L (High-Low Water Mark). Largest loss was 16 ticks. Largest win about the same but as mentioned left some big runners. The trades per day will get smaller and...

Day Trading Isn’t Fun When Stocks Like Amazon and Apple Don’t Only Go Up - Bloomberg It is all part of "going around the block" 10x. A friend started talking about how he was going to by XYZ once it hits some low on the chart. I told him to wait and see what the general market is doing...

Track your MFE (maximum favorable excursion) for your trades. Either the amount "left" after a fixed time period, or before a large enough pull back, or some other criteria. Once this is known, you can adjust your targets to match the risk of loss, FOR THOSE TRADES. Always having a runner...

Yes don't be discouraged, but for a beginner, it is not a realistic expectation.

Spy and ES move fast. Orders are often executed before you see them. A 1 sec delay can be a long time in these instruments. If you want to trade, try to create tactics that take your latency into account.

This is a solid example of how things change. Which suggests all system need to have a "health check" so one can adjust BEFORE it becomes sub optimal. Every instruments has a "feel" to it and it changes. The "locals" create the feel because they are the ones moving things around. Which...