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dozu888, I use an ema for intraday swing trading. Keep in mind what EMA does, it tracks the price over time. The ema keeps my trade management logicical for exiting and keeps me trailing a winner.

Great work MACD, that is a blessing. How long ago was this?

Hello MACD, Great for you!! This is awesome to read that there still exist good real mentors. Awesome. I have never read a post where someone found the right mentor and success was obtained in a short period of time.

Hello imjohn, Thanks for the response and good conversation Yes, I am in the what "works" for me stage as well. There are many ways to take a setup, but knowing my what calms my mental, my worries, my comfortability after I place the trade, and exit is where I am at. And as you stated, does...

Thank you imjohn for responding. Enough work meaning backtesting, review of trades win or less, reading books and learning, and practice? Validating profitability?

Sorry OP for going off topic on your thread.

imjohn, One question please? 1. What was two criterias/challenges that you had to overcome before being a consistent day trader? Technical or Personal or Learning?

imjohn, Thanks and I am data brain as well. I believe manual backtesting with starting with actual trading capital helps as well and commission fee per trade.

imjohn, Did you perform manual backtesting or automated programmed back testing?

Hello imjohn, YES, that is what I am discovering as well seeking the higher than 1:1. After that "mistake trade" that leads to a loss, sitting an watching ticks go away is not easy. I do not focus on the Risk vs reward per trade, just the trade it self. But I understand your point. Everyone...

imjohn, When do you make the decision to stop trading for the day or do you take all trading signal opportunities?

imjohn, Good trading!! Your right on the sentence in blue and I can tell you from experience what ever method is chosen it must be doable in the environment the trader is located. I trade CL only and I am currently testing fixed exit methods 1.) profit target at local support or resistance 2.)...

Hello imjohn, I thought about your post and wanted to share some good comments. You mentioned something that most day traders in learning mode at times forget and also don't consider while seeking method(s) that fit their personality AND their capital. Even more, it is something I am starting...

Congrats to you drcruz and good work. Would you say that finding a trading style that fits your personality and back testing to gain experience and confidence in how you trade was the ultimate turning point?

Thank you imjohn for responding. Great reponse and logical statical based testing. For each of my manual trades, I have started calculating Maximum Favorable Excursion (MFE) and the MAE Maximum Adverse Excursion (MAE). This way after XXXX amount of trades, I can have some logical decision on...

imjohn, How did you determine that your stop loss and and profit target will always be 1.5 : 1 (reward to risk)? Was this determined via back testing or just strictly personal risk and reward setting you chose for comfort, etc?

Where did you get the profit target 6, 16, and 100 from? In addition, where did you get the stop loss 24, 25, and 27 from?

Yep, because guess what. After you put the position on, neither of us have no idea/certainty what Mr.Market wants to do. We can only simply manage the position.

Overnight, Good example and believe sir, I completely understand what you are saying. There are MANY trades I see on the regular where I my stop can be at +20 ticks and profit target (local support and resistance) is within a 10 tick distance. Why I do not just take the 10 tick profit? Well...

Overnight, Because the first profit target is smaller than the risk it takes to get to the first profit target. And mentally once price goes well beyond your first profit target, the mental mind will regret it. In addition, you will then need the confidence to take another full trade after the...