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I predict ES will go up and down and I will be nowhere around.

Bob, What do you mean by "something" ? Some trading strategy/plan/system with high profitable stats?

Very good explanation. I can definitely understand that. Lately, I have taking a step back to try and understand market context/condition daily, then move into action with a trade. Afterwards, build a system based on this understanding.

This is my understanding of Edge as well.

Thanks schweiz, I agree with you this on part. And that is good and clear approach and good response

jinxu, I am nowhere near stressed. What is there it be stressed about. This is just general conversation about trading. I exercise and play video game and go hunting for fun.

Thanks, but what do you mean "The trading environment is dynamic. And you have to kind of understand and realize that" For example, I trade the ES and CL. Over the past few weeks, I see that the stop loss of 3 points I use to trade with have cause lots of losses. The trade still goes in the...

lawrence-lugar, It is just common sense to me. I don't have problem losing money, but there is no way possible, i am ever trading my real money if I am losing money in demo or a forward/back test of trading idea/system shows bad results. I agree with you as well. I think that word edge is...

Thanks Bob, good conversation. Yes, I agree with that fully. And that's why I move to programming my trading ideas (or assumed edge) and clicking back test so I don't waste time trading something that does not have odds of making money. No more just blindly trading a strategy I think will...

Hello Robert Morse, IMO, trading real money makes sense to me, when I make money in demo. When I triple my starting balance in demo, then I risk real money. It's just that simple. Meanwhile, keep capital away from the market. This is just my simple thinking. Why should I risk money, if I am...

John9999, I like day trading because: 1. After market close, I am done for the day and I can focus on kids and other life fun and chores. 2. I no longer have to think about trades over night or over the weekend. Day trading is sort of like a job 3. I believe day trading offers me more...

Garett Sim, I personally like demo trading because it saves me money and helps me become a proven, consistently, profitable trader. I do not see the sense in trading live, real money, with no edge on winning. As far as trading with real emotions with paper money, this depends on the person...

Thank you, my thoughts exactly. The OP does not want opinions, he wants to debate his belief. OP seriously need to take his question to boglehead forum where 401k is discussed allllllll day. They can help much more then we can. Put the poll up there, everybody will say Doing Nothing.

EXACTLY, well done!!! There is nothing to do with a 401K if the market rise or fall except buy more cheap stock assets and this take about 5 minutes in 401, then go back and watch TV or back to trading. I have no idea why anyone would waste their time trying to time the market with their 401K...

vincentnyc, Most people do not trade their 401K, they just average in whenever they get paid. If you do, do at your own risk. It seems like you already know what do with your 401K, just follow your signals to buy and sell your 401K as you see fit. I am not doing nothing with my 401K, I...

Hello vincentnyc, That is tuff question to answer cause it really depends on your age. If you are young, there is not need to do anything. If you are older and near retirement, it makes a little sense to get out the market and be safe, I guess. But if older you should not be invested that much...

Hello Spectre2007, I notice you trade ES futures. I trade ES as well, but my 3 point stop loss does not fit this market well and the ATR is too high to adjust for reasonable stop loss. How are you adjusting your stop loss placement which so big range bars? Thanks

Thanks Spectre2007 for this advice. All this time, I had been backtesting my trend systems and never knew or even considered to trade when the market volatility was present. I was testing using ATR for a stop loss, but never thought to use to signal when to trade the trend system

I definitely agree with this. I like the service and the challenge and the constraints TST offers. I am being forced to be a risk manager everyday, and every trade. You did the right thing by using tick data. NT7 only offer OHLC free historical data. There is no granular intrabar and this...

Thanks for sharing the tick data website. For programming, I always start with the NT wizard and get all I need there. I am good/decent programmer and keep the programming part simple as possible. NT have really really great support. I always start with writing in simple logic on paper the...