Quote from austinp:
true that... and we're all wired very differently as how to best approach the markets
I'm wired to hunt for and catch the bigger profit swings in a market. If a market is going anywhere, I can find the right side of price action to be on. I have great patience to wait for trades to mature in catching moderate to big profits... I have no patience to sit thru dead, sideways chop that goes nowhere at all.
We all eventually figure out what works for us individually, then we simply need to do more of that. And stick with what works thru all market conditions. lescor has some six-figure profit sessions ahead of him this year, before 2010 closes out. Count on it 
Well, you are a little confused. First you say you have no patience for slow days and do not want to trade consolidations, fine, then you say stick with what works through all mkt conditions, fine again. What you are missing is that others might decide to trade consolidations. Agree, trading what i consider "noise" is last resort.........BUT a good trader can pull a couple handles out before calling it a day.
Think of it this way: I want the gravy intraday swings, so does everyone else, the beauty of that is when we get a breakout or a "RUN" we all are partners and are "one for all and all for one", remember in grade school how we were taught to play "together games" at recess?
During slow days, yesterday was a 6 rth handle day, there were enough signals to get better than the range. I am not saying i did that, just saying a profit was there to be had just trading the breakouts in a 6 handle range day (24 ticks, top to bottom). That was without trading in consolidation. Yes, double yes, the ES has been slow lately, nothing new, we been to this fair before.
No one is saying Lescor is not a really good trader, no one is challenging his numbers....... you are on the defensive for no reason aside from association about how good he is and about how some might say losing days are rare, very rare. That is apples and oranges comparison.
When a trader trades an individual instrument day in and day out, they are conditioned to trade what they see and will ADJUST relative to what the mkt is offering on any given day. In days gone bye, i traded the corn mkt when a 2 cent move a day was a good day. A slow day in ES is STILL fast enough to pick up some nickles and dimes. I "FIGHT" like hell when losing during the day...........i immediately change into a "GET EVEN MODE" , not revenge, not angry, just a different set of tactics to peck away and accept the new challenge. I get so determined to "get back" that i am not at that moment in time interested in catching the next run. First things first, besides as a breakout trader milking a range to get even..............i will continue to buy at the range low and sell at range high. if i buy in a range low and it drops below.............it is a small loss, thats the bugaboo of range breakouts the wrong way...........if you do not keep in command the commissions and small losers can take away the somewhat larger winners in a hurry. Most narrow range days, like yesterday offer good breakouts.
There are many ways to make the nut, some days are peanuts, so what.
Ok, lets move on.
PS: Besides Lescor is also a Canadian, extra brownie points he gets.
PSS: and lets understand this as a hugh difference. I fully agree a "SYSTEMS" trader will have bad days, that is a given. A smart system trader does not have only a single strat and tactics to trade the mkt only 1 way. A discretionary trader adjusts on the fly.
