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Thanks for the response DevBru, You are right, I am just being stubborn. Thank you for expressing your thoughts. padutrader made the same advice as well, so I appreciate it. I appreciate your advice and I will write "Test the strategy(s) for 100 trades on 5 different timeframes (5, 4, 3, 2, 1...

Hello DevBru, Thanks for response. Timeframe a trader chooses to trade on should not matter. It's all the same. 3 min, 5 min, 2 min, 6 min, 8 min. Does not matter. I rather stick to what I have Yes, I agree, it would not hurt to check the strategy on 5 minute chart, but I choose not to...

Hello DevBru, Thanks for responding. I am currently Not a consistent profitable day trader. I am still learning, planning, developing, and testing my strategy(s). I only like trading one timeframe. I do not like looking at multiple timeframes as it when I tried that, it lead to confusion. I...

Hello imjohn, Thanks for the response.

Thanks padutrader for the response. I am happy to read trading is getting easier for you and you are relying on context to enter AND exit trades. Very good to hear. I also enter trades with the intent of trailing the winner and adjusting the stop as price moves in my favor, and exit based on...

tommcginnis, Just to make sure I understand you, are you stating that Expectancy is what important rather than reward vs risk?

Thanks dozu888 for the response, This is good to read and confirms my thinking that no matter the risk/reward ratio, postitive expectancy is the goal.

Sorry IAlwaysWin, I will always use a protective stop for all my trades. I do not not trade without a stop loss. Please stick to the topic of this thread.

Thanks for the response IAlwaysWin, For as long as I live, whenever I place a trade, I always and forever enter a stop loss on the DOM. I love trading, but a stop always goes with my trades. The big boys can smash my nuts all they want, but a stop loss will always be entered on that damn DOM.

Thanks for response padutrader,

Hello tommcginnis, Thanks for your response. I agree on this part.

Hello padutrader, Thanks for the response. Why do you say it will be nonsense?

Hello imjohn, Thank you for the response. I track the following in my trading exiting in my trading 1. Fixed profit targets, 2. dynamic profit target based on what the market shows me 3. Average true range based on a few prior bars.

Hello All, I intraday day trade on 3 minute chart. I have a trading idea/strategy I am writing up to exit profits at 10-15 ticks (based on market volatile or price structure at the time) and my average stop loss distance is about 15-30 ticks (based on market volatile or price structure at the...

My stops loss are Always larger than profit targets per trade. And I always take high probability trades. I just have to win alot.

Thank you MarkBrown for your comment. Yes, I am learning that finding a method that fits me and learning what fits me, is the most challenging. Yet, i still record trades and learn.

Hello imjohn, How do you adjust your profit target per market volatile conditions?

Hello Mark Brown , Question please. I have a trading idea where the risk vs reward is 2 to 1. Meaning for every 20 ticks I risk, my reward is 10 ticks for example. Even though the typical trading standard is risk vs reward should be at least 1 to 1 before take the trades, I believe my idea...

I will also add to do that. Sim trade 50-200 trades before using real money.

You are SOO right!!! I know if I trade with them, my probability of success goes up.