Back to the drawing board. Doesn't work.
Let me qualify the statement. My thought was: what if I could link all of the trades as a series of continuing trades: buy, then instead of exit sell, closing it out, immediately reverse direction to execute a short.... when everything works and in sync, it can be used as a tight loss control mechanism, will create a series of winners.
Note that prior, each trade I made was stand alone, like a coin toss, each has independent odds and has no memory.
Tried backtesting (using indicators) and it worked great. Paper traded this morning, both with and without indicators.
Worked for a few trades but then it went out of sync and the "small losses" piled up to became "not so small" losses. I had to exit and licked my wounds.
To be successful, it requires great timing skills but the margin of error is paper thin.
I don't have any timing skills, so back to my lower risk approach, treating each trade as unique.
Day trading is sooooo hard, like playing the roulette in Vegas.
