No day trader on this planet can make yearly profits

I understand, thank you. Curious way of operating, long and short at the same time but with a bullish or bearish preference, I had never thought of it this way but it makes sense, so you are never totally wrong or totally right.
 
EsKiller said:
Reasoning: You can be correct about direction and wrong about timing of the pullback / mean reversion. Happens ALL the time.
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Eskiller,

good point and very true. As intraday traders, even though my entry is based on trend of market structure of the moment, my STOP LOSS is always based on market structure. I am either all in or all out. Because once I place the trade and my stop loss, my edge is entered into the market. Now Mr. Market is king, and if it wants to go against my edge at the time I entered or if Mr.Market wants to go against my thinking at the time, I have to take my loss and respect Mr. Market.

I Can ALWAYS take another trade.
 
volpri said:
You can define scalping however you wish. My definition is that min scalp in the ES is 1 point. I won’t take a trade if I don’t think the probability is higher that it will give me at least 1 point. I realize that is not the orthodox definition but I don’t give sh$t.

And price will not move 1 point unless an institution wants it too. There is no noise... there is only movement. Traders cling to the concept of noise when they cannot logically understand or explain what happened in a movement.
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Hello volpri,

Question for your regarding fixed amount scalping.

1. In your opinion or experience, if a trader have high probability he/she can scalpe 10 ticks per trade, would this be reasonable even if stop loss per trade varies between 15 to 30 ticks per trade?

2. In other words, does R:R always have to be greater than 1.?

Thanks
 
If you have a well tested and profitable trade plan, you are never "wrong" when you take a defined signal and obey your rules. Some trades work and some don't.....that's trading.
 
speedo said:
If you have a well tested and profitable trade plan, you are never "wrong" when you take a defined signal and obey your rules. Some trades work and some don't.....that's trading.
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Do you ever operate long and short at the same time?
 
speedo said:
If you have a well tested and profitable trade plan, you are never "wrong" when you take a defined signal and obey your rules. Some trades work and some don't.....that's trading.
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Hello speedo,

You always provide logical unbiased trading knowledge from your own experience.

Can you please answer this questions below?

Question for your regarding fixed amount scalping.

1. In your opinion or experience, if a trader have high probability he/she can scalpe 10 ticks per trade, would this be reasonable even if stop loss per trade varies between 15 to 30 ticks per trade?

2. In other words, does R:R always have to be greater than 1.?

I am asking because I think I found a trading strategy (still testing) where I can get about 10 ticks very often, but my stop loss will vary between 15-30 ticks, depend on price action locations at the moment.

The concern is always read online "make sure R:R greater than 1" and "winners bigger than losers". It has my mind stuck a bit.

Thanks
 
That would depend on your own testing, both back and forward. I would not personally risk that many ticks to make 10 but we are all different. It would require a high W-L ratio and that can be hard to achieve for small target day trades.
 
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