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Update on today. +$60 trading one contract since my last week was bad. Today I didnt follow my rule and did not set my max profit target ( i did set my stop loss) soon as I enter trade, looked away from the computer, for 5 minutes , and missed $400 trade. I had to hurry and exit for small...

Trade4gainz, You can use ThinkOrSwim or NinjaTrader. NinjaTrader Strategy Analyzer has free historical data up to about 10 years all the way to the 1 minute time frame.

RDK91, Very well written. And definitely worth savings. Thank you very much RDK91. This is very refreshing to read and its straight forward. I appreciate the comments. TOS have market replay, and I will make use of it. I like to add that, backtesting a strategy for 50-100 trades manually is...

El OchoCinco, Thank you for sharing and taking time out to put together for me to study and review. I will respond shortly once I read your comments.

RDK91, Thank you for the comments. You gave good advice. Do you manual back test or program the strategy then back test? I do have programming experience. If you manual back test, how many trades you recommend manually backtesting for a statistical edge.

Thanks El OchoCinco Yes, I am central. its 2pm now. Yes Yes, I agree with you. The double bottom was a bit risky, knowing they have traders that trade the double bottom. My thought process was sell in hopes of more down movement. But I understand now. Yes, I agree with you and it makes...

Another I agree with. Just take the broken strategy and make it make money.

I agree with you paul. What is your comment on just not read anything. Just open chart and time frame, stare at it and make some money. Then close the chart. I belive the ability to make money month to month or year to year is the edge. If a trader can do this, they have an edge, if they cant...

Hello El OchoCinco, @El OchoCinco My method is simple, I simply buy support when I see price moving up and sell resistance when I see price moving down. I do struggle a bit with exiting the position. But I like to exiting when I see price is reversing for a profit. Stop loss is placed...

Mdtbyk, You can use Stop Market orders so you know how much money you will lose per trade.

Gotcha, Yes, I have screenshot of everyday I have traded.

Thanks El OchoCinco, Next week, I will post my chart each day for a second trader review. Each day I review my trades, but I will start taking a screenshot each day to review at the end of the week as well. I will post my entries and exits starting next week.

Thank you El OchoCinco. That's good advice. I will do this from now on. Just show my entries and exit on the chart to get some feedback. Thank you

Update today was +$240, I do not have screenshot cause account resets to starting balance. My total for the week is about -$650. A losing week for me. But better next week. Everyone have a great night and weekend.

tiddlywinks, Thank you for sharing about Jack Hershey method. I don't attention to the controversial on ET. I am just here to be productive. Is there a book written by Hershey or Spydertrader teachings you can recommend I can read? Thanks

tiddlywinks, Thanks for the update and comments. It is really great to see someone on ET showing they make money day trading. Most say its impossible, but I am seeing here that is certainly not true. This is the most productive thread on ET to date in my opinion. Thank you for mentioning Jack...

ironchef, Thank you so much. I appreciate your advices. It's a very tough challenge day in and day out. It's like an unknown pursuit of happiness that is pending. Regarding the unbeaten popular paths, I just trade what I see and belive in at the moment and manage the risk. Pure price action...

tiddlywinks, Awesome trading and good way to keep losses small.:cool::cool:

RDK91, I agree with you on that. Today, I missed two profitable trades on CL due to bad timing issues.

RDK91, I have thought about all the above exiting strategy. Especially the 1-1 RR. Currently, I am managing the entire position for as much profit as possible. The middle scenario is of exiting half and holding half could be more satisfying. But as you stated only time will tell.