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Vuu, Trading is a life long journey, similar to life long journey as working as Engineer.

Very good reason. At the red arrow. I always put the stop loss at a place if I am wrong, price will go the other way, in this case downward. I like to use wide stops

The same place I put stop here, somewhere logical/reasonable below. red arrow stop, green arrow entry. Trend of the "moment" is up, buy it.

For the typical 9 to 5pm person, the SPY or SP500 index, is all the edge you have overtime. Betting on anything is too much work and too much room for error. And when I turn 66 years old, I can't afford an error.

volpri, Good write up. If I see this on my 3 minute chart and the context is bullish movement upwards, i will enter at the close of that bar where the green arrow is showing. I enter here because the odds of me winning trading with the trend is high.

Yes, I trade 1 contract and little account size. Recently, I added to my rules, "you are allowed to be wrong twice a day, and you done for the day!"

I can agree to this, because when i first came into trading it ALWAYS about a system or method. For example, if this RSI is above this, and this indicator line was above this, place your Buy Stop 4 ticks above X number of bars. With this purchased system, I was able to sit back with my coffee...

Hello padutrader, I agree with you on this part as well. If there is selling or buying pressure/strength in one direction or the other, pick a spot, and enter on the pressure as well.

volpri, I totally agree with everything you said, especially the part regarding "the moment". From my own experience, I find it important to always be thinking what to do during the day if this or that situation arrises. Focus and thinking is defiently the main priority for me. Knowing what to...

Thank you volpri, I wish I like this write up you wrote 1000 times sir. WELL written and logical. I will respond more detail after work.

padutrader, I admire your for starting over and posting your traders and your outlook. I am intraday trader myself (not profitable yet, still testing, practicing, studying, staring, working on a adaptable trading plan) and still working at ti. I know these post from other member may seem...

speedo, This is a good comment wrote here and something I am learning as well.

IMO, It does not make a difference on timeframe, 10 minutes or 5 minutes. I prefer the 3 minute, but i also look for confirmation FYI: I am a not a profitable consistent trader, yet! Just offering logical reasoning.

Southhall, Repeat the same analysis for SP500 index?

It does not matter what time frame you use. All that matters is when you plan to get in and when you plan to get out. Think about it! What difference it makes if you use a 5 , 7 , or 8 minute timeframe? Eventually you will see the same context on a 5 minute bar as 1 minute bar. It makes no...

Hello Risepoint1879, I use the 3 minute chart.

Hello Risepoint1879, Have there been any market conditions changes over the past 3 days for the stocks or future markets that you trade? Big bars, tight trading ranges, high spikes, etc. I believe this is just drawdown for the 3 days.

No problem Sonny2010, I'm in the same boat. Just today I made two mistakes. The root cause of mistakes was not properly follow exit plan. Yes, after 12 it's slow price movement. You have to make a decision and stick to it regarding the cut off time. As a trader we have to know when our trading...

I like that.

Hello Sonny2010 and Welcome. I applaud you and I can definetly relate to you. I recently had to handcuff my trading time frame as well, after 1pm. Done, winning or losing. 1-3 trades, Done, winning or losing. My mistakes in my trades have been costing me as well. You are not alone. The little...