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I think I would need at least 3-5 years track record before considering opening a CTA. I wouldn't want to work for a CTA. I would rather open my own CTA should it all work out. I'm FAR from that now. For now, I just want to hone my little edge and be good enough for that to support my lifestyle...

Another net positive day. I feel like I'm getting closer to a "real edge". Maybe it's too early to say. But the more I trade the more I make. HOWEVER, there are still a few bad habits I need to get rid off. I was much more positive then a few bad trades at the end of the day made it less...

That's a good point. Today I was trading NQ, ZW, and NG. I was stuck in NG for a while and missed out on some great short opportunities in NQ! I maxed out on # of lots on NG so I ran out of margin for NQ. So there's something to be said to focus on just one instrument. Especially something as...

Acct 1 Min Max Average Avg Winner Avg Loser 01/24/18 -6.75 14.75 2.86 9.13 -5.25 01/26/18 -4.75 6.75 1.00 3.73 -4.75 01/29/18 01/30/18 -5.75 2.5 1.00 1.06 -15.25 01/31/18 1.25 13 6.17 6.167 0 02/01/18 -1.75 3.5 1.125 1.7 -1.75 Let's check today's stats against my goals: 1) Min < Max (e.g. Max...

Applying some simple data analytics. As they say, you can't improve what you don't measure. Here are some stats in terms of NQ points. Acct 1 Min Max Average Avg Winner Avg Loser 01/24/18 -6.75 14.75 2.86 9.13 -5.25 01/26/18 -4.75 6.75 1.00 3.73 -4.75 01/29/18 01/30/18 -5.75 2.5 1.00 1.06...

My account can handle multiple NQ contracts. I trade other instruments too ZN, ZW, NQ, YM, CL, etc. I'm focusing my training on NQ. For now, I will not trade more than 1 lot until I fixed all of my errors and become superconsistent. Then I'll scale up. :)

"Hmmm, maybe, yes ... apologies for sounding negative, but it's pretty difficult to imagine that a trading model in which the dealing costs represent 50% of the profit is really going to be profitable over the long term ... " LOL. What I meant is that large scale scalpers might do large number...

Yeah. Sorry for my wrong usage of those terms. I meant R:R. You do have interesting points. The reason why today's points gain per trade was so much higher than 1 NQ points I had yesterday was that I was willing to take on more risk. Sit through more noise and hold longer for the bigger moves...

Acct1: ===== 13 Pts: Good short on NQ. Covered before it rebounded. Good trade management. 3.75 Pts. HORRIBLE trade. Even though I ended up making money. Back to the old habits of holding a long time until it recovered. It is this kind of trade that if unchecked destroys my good record. But the...

It did occurred to me.

Acct 1: Win Rate: 100% Avg Points per trade: 1.19 Acct 2: Win Rate: 100% Avg Points per trade: 1 Basically just scalping. I'm still not 100% convinced yet. Need more data to be statistical significant. If this was the stats after hundreds to thousands of trades then it's a sign of...

Woohoo! Progress today! No, I didn't make much money on NQ! But I FIXED one of my bad behavior pattern and actually profited from it. I feel so much BETTER now I know the exact long entry point. I just need to work on the long exit strategy and exit for greater profit than 1 NQ points. LOL...

I've given up on shorting strong uptrends. In fact, I'm working on to change that behavior period. I think I'm very close to eradicating that kind of thinking from my system. Go with the flow... :)

Big progress today! Not that I made a lot of money. That will come in due time(I think). It's that I fixed one of the toughest and most persistent biases. Over the weekend, I practiced on the a trading sim a particular setup and pattern. And today I keep on executing it. It's a short-term less...

Then you should give up trading and just buy an index fund and go do something else. We are on a trader forum afterall. haha

No, let me repeat this. There are ALWAYS opportunities in short term trading, medium term trading, long term trading! Always. Period. But you have to constantly adapt and change to the environment. Can't blame algorithmic trading, can't blame AI, and can't blame ML or whatever latest flavor of...

A true edge with positive expectance would show more profits the more you trade. While any single trade you can make or lose money, but over time over thousands or tens of thousands of trades the results should be positive. Most people make money in one(or a handful) lucky trade(s). This lead...

That's a great point. I've read points made by Elders and others previously and I thought that's a reasonable assumption. But now I don't think that's the complete picture and I think the more important points are stated above. Having a lot of capital and making lots of mistakes and drawdowns...

Both accounts are net positive for the day again. Not a lot. But it's a start to turn the tides. They were up then down b/c of poor risk management. Should have cut losses faster. But the losses this time were MUCH MUCH smaller than in prior experience and thus manageable. So I was able to make...

Another net positive day for both accounts. Not much but it's going in the right direction. I went both long and short. I remember years ago when I first started daytrading(during the bear market), I would buy the dip too early. On days like yesterday and today I would be totally destroyed. Now...