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RedDuke, Does this mean pit hours pivots is not really useful? I struggle between using 24 hours pivots versus pit hours pivots (8am to 1:30pm).

padutrader, When you can ignore a loss or losing streak, it means you have confidence and you trust your skills. Great work man.

I most certainly agree. I have bought systems and courses from gurus before. I did not know how to ask the right questions. I believe I do now from just trading every single day. It is a day to day learning.

Day-Trader-Utah, I think differently than others. I believe that a mentor/coaching/trading course should be considered. This way you have proper education how to trade and you building a skill. We all want to make money, but we forget this business takes building skills. And building skills...

You are a good man for teaching your son who to become wealthy at an early age. I admire that from you. How does your son make $1500 per month working at age 14 years old?

Trading is side hustle. Investing for +65 years and older is a MUST for me. I love trading, but I am not crazy to devote all my captial to it.

I 1000% agree. My biggest investment mistake was not investing for the long term in SP500 index when i was only 18 years old. It's the highest probability and simplest way to make long term money.

dozu888, You right. I would say every trader should be investing for the long term anyway. I don't invest in qqq, buy I only invest S&P500 index. Day trading can be addictive and we forget the long term planning as well. Can't put all energy in one plan.

I believe if you have 100s of trades over the past 1-2 years market cycles, you should be good. Are you comfortable with the drawdown of these 100s trades that led to 90% win rate? What is your drawdown of the 90% win rate strategy?

metatrader54, How many trades did you execute to calculate the 90% win rate? Thanks

metatrader54, You rather forward trade live, then manual back test? If so , why?

Hello gaussian, Are you suggesting that if a day trader manual or OP back test idea, the answer to the question will be revealed? If so, I agree with you. It is a lot of work indeed, but it will give a trader confidence in my opinion.

Exactly, studying the wrong ideas from the wrong people could lead to disaster.

padutrader, Do you believe a trader should forward trade with real money or paper money?

Thank you so much padutrader for the response. What does novice trader mean?

Hello padutrader, Did you do any manual back testing before trading your strategie(s) live? Do you have one strategy or multiple?

MarkBrown, yes sir, you are right. I look at it as education cost. Lessons Learned.

Michaelhepworth, Good questions. I feel close that I know "how" I want to trade and what I need to do to trade better. More time dedicated to 1 or 2 trading strategy I believe have high probability of making money. Everything is based on time. There are 1 million ways to trade and counting...

Hello Michaelhepworth, I have been learning trading part time and trading for about 4 years, and have made $0.00. Overall I'm down -$7000 and many many many many hours invested.

dozu888, The questions I asked are fair question for the OP to weigh his options to day trade or save his money for buy and hold. Let's say he chooses to buy and hold. What if the 20-40% drop never happens or happens XX years from now. So, when were the times the QQQ had a 20-40% drop?