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There is a bit of sand in the machinery here. You're assuming that the trader isn't clueless and has actually done the research and testing to develop a robust trading plan (though having done so, he likely would decide that the ES was not for him). He therefore won't be looking at 20pt...

The "mean" is where the bulk of the trades are taking or have taken place. The limits of what often becomes a channel represent how far away from the mean traders are willing to go to look for trades before returning to the mean. The mean, therefore, is in control, not the "channel". If you're...

Depends on where and how you enter and what instrument you're trading. They each have their unique characteristics. Over a series of trades, it'll come out to breakeven. But if it's a few ticks to one side or the other, it just doesn't matter. Even a few points is trivial. Time to focus...

A stop is placed at the time of the trade, either mentally or literally. The amount of the stop is generally determined in advance via all sorts of routes, and the trader leaves it up to the market to decide whether he stays in or not. These stops can be quite wide. With the scratch, the...

Incorrect. Sometimes there's a gain of a few ticks, sometimes a loss of a few ticks. But this is considerably different from sitting there like a post and watching the trade move 20pts against you. Of course, if you haven't learned to divorce your ego from the trade, the latter may be a...

I'll take that as a no. But then few people do.

If you're referring to the earlier discussion of the NQ, it's not a stop. The trade is scratched if price doesn't do what's expected. If two successive trades are scratched, then it is highly likely that one is entering chop, so he backs off and does nothing until price starts trending again...

So I take it you're not trading for a living?

Just click the link.

Sure: www.traderslaboratory.com/forums/wyckoff-forum/16270-if-you-can-draw-straight-line.html#post179217 Now how 'bout yours?

It doesn't matter if one has an appropriate trading plan. What is yours?

It's not over-leveraging with a thoroughly-tested and consistently-profitable trading plan. Do you have one? In any case, the OP never mentioned the ES.

Who said anything about over-leveraging? We were talking about one (1) contract. Of course, there are several simultaneous sub-threads going on in this thread, so you must have stepped through a dimensional barrier.

Not so difficult if someone is trading with them and telling them in real time what to look for and what to watch out for, having already explained where and how to enter and where and how to exit. And, yes, most find it next to impossible to do, partly because they don't know what they're...

+1 If one (1) limits his losses on any given trade to 2pts, (2) limits the number of losses to 3 and (3) understands how to trade an auction market, particularly one that is (4) mean-reverting, he can do quite well while he's learning. If one doesn't limit the extent or number of his...

In a word, no. However, if whatever you're trading is mean-reverting, you can determine highly-probable targets, though these will be determined by price, not by how it's illustrated (candles, bars, lines, ticks). If you don't know what mean-reversion is or how an auction market operates...

It's the modus operandi for ET.

All of which depends on the trading plan. What exactly is your trading plan?

To begin with, my winrate is considerably higher than 50.1%. Second, a thoroughly-tested, consistently-profitable trading plan will not have a string of 22 losing trades. Whatever inevitable losses do occur would amount to only a few points. What is it with you and the ES and multiple...

You really have no idea what a thoroughly-tested, consistently-profitable trading plan is all about do you? Well, best of luck to you anyway.