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Nobert, Good comment, my journey as well.

This is a great thread

Are you an intraday trader or swing trader? Intraday means close trades by end of day. Swing meaning hold for a few days

Leopard9, Can you please summarie the book in 5 key points that will help you make money?

Leopard9, I can definetly relate to this as well. I am learning that having confidence in what I want to do is very important. The lack of confidence leads me to miss trades and early exited. I believe the root cause of low confidence comes from lack of experience and trading. If I take 2000...

Read other opinions as well, they may have good advice. But for sure, you can learn alot about back testing what if conditions and evaulate the results of each condition. I personally learn the most during the trade day and take notes.

So you should track: 1. how much money made by not breakeven, and trusting your stop loss. 2. Trading the reversals.

Leopard9, Yes, I track in excel spreadsheet nothing fancy. Just write down on paper everything you want to know about your strategy as far entry and exit and make a column for it. Just track how much money you would have made on the trade if you would have done X, Y, Z and so on.

I would do the following 1. Set profit target at the next retracement line 2. Trail by a certain dollar amount (or price price action levels) so I atleast make money on the trade incase price reverse. Both 1 and 2 leads to making money. And the goal is to make money. Allsssooooooo, in my...

Hello, Carrer is correct. Knowing when to exit is a challenge for sure. I struggle with it my self. I have predetermined profit targets , and I stay on trade til they are hit. There are times I adjust my stop my loss to trail an strong leading winner..

Carrer, Good point, but I believe this depends on time frame. Smaller timeframes , there is sometimes noise that looks like reversal signs, but staying in the trade often leads to win.

Hello, I rather not wish for anything and keep it simple: continue buying the S&P500 index twice a month until there is a million or more in my account.

Visaria, You are 1000% right on that part.

I agree with this part here. This whole edge stuff to me sounds like someone cheating with a guaranteed way to make money if trader does XYZ everytime. I don't even think about edge stuff. As a matter of fact, I don't have no damn edge. I stare at the chart and make bets price will go one way...

Exactly vanzandt. I would add to this, take notes and track progress. Staring at the chart and making good decisions.

Hello tonyf, Good forum. I am discretionary intraday trader. I keep reading and hearing about this edge, but I honestly don't know if I have one. I have to say what is my edge. My edge is Me and believing in what I see on the chart and keep journaling my progress and PnL. I really don't...

Thank you Kevin.

Thank you volente_00

Hello volente_00, post, I need your recommendation or help. I use bracket order as well, but I struggle with trusting my profit target exit at sometimes and exit sooner....than X minutes/hours later my profit target get hits. This cuts into my profit. Besides set it and forget (walk away)...

Hello, I always tell myself before or while in a trade. 1. Once I click buy or sell, I stay in. No second doubting/guessing myself. 2. If I miss the first signal, there is no chasing. My fault, I missed it. 3. Stick with the trend. If you buying and selling with the trend, the odds is in...