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cornerstone, It is about being logical, you can't argue with what the chart is showing you. If price reacted at an area in premarket, there is nothing wrong with considering that area in your trading after market. You just observing and waiting. we gotta make it simple and remove some doubt

Yes, my a point exactly. I agree. Too much noise and distractions thinking of algos. Best to just trade and think of buyers and sellers. In my keep-it-simple opinion, algos do not exist to me. Just marketing and goofing around. Pony and clown show.

qlai, I don't know what the algo are doing, I don't think about that stuff. Just take the trades

qlai, I took the long position at the red arrow. After 1 hour of waiting, I notice the algos started having fun moving price sideways and taking small profits in a range, I kindly exited my black ass out of the position for a small loss. The algos are right there on the chart for all to...

qlai, Algos are created by day traders right?

ironchef, Him, her, dog, cat, lion, ram, squirrel, mice, sheep, etc. I don't give a damn who delivers the message of quality , just deliver. My job is to listen, read, appreciate, and incorporate it in my trading business. Xela delivered Great/Quality content , and I miss it. Xela was an asset...

wrbtrader, Thanks I swear this is the best post of last week. Atleast for me, because for every trade I take and make profit, I always play Sheriff Hindsight Analysis and it really gets annoying.

The post by Xela is amazing, damn I miss her.

Risepoint1879, Some will win at this trading game and some will lose.

The market going to bear condition or recession. Yeah sure, I believe it when I see it. I am like Kevin Gates on this topic: "Really , Really "

ironchef, Yes, I am. Everybody else bullshitting on this topic, I figure I bullshit as well. My view on this topic remains,......, I am LONG and STRONG the stock market. Where going Market, to the moon.

Thanks for response, It is good to audit every trade. One of my weakness as a trader is don't spend the time going over my screenshot of previous trades. It is good you monitor yourself. I monitor me for everytrade as well.

syswizard, I love results, excellent work. Great trades. It's always about you. Market conditions come and go, what counts is you took advantage of market conditions and made money. You didn't hesitate , get scared, lose focus or overthink. You traded with cofidence when the opportunity...

padutrader, Yes sir it is. I don't trade any other markets. It can be a bit wild on certain days, but managable.

Thanks webtrader, I choose my stop loss and profit target based on price action area and not static numerical stop loss and profit target. For example, today I took a trade at the red arrow short, and exit at the green arrow, with stop loss at the blue arrow. So if I wanted to measure...

wrbtrader Great write up. Question: How does a trader learn to have confidence in their stop loss and profit target locations, and the patience to sit and wait for price to reach them?

soulfire, I have notice in my trading when I do this, I am more calm rather than exiting at market orders, and deciding my stop loss after I enter the trade.

qlai, Yes, I callit trend of the moment. Just something I made it. It can be called momentum too. lol, a bunch of red or green bars in one directions.

BaconSandwich, Thanks for your response. It's always good to read other thougts on day trading.

https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults @heavenskrow Play this calculator backtester here buddy. Each scenario you put in will be winner. You can't argue with these numbers and think on crash stuff, think on being millionaire now, for get market crash. Use the...