Have named them in previous posts, look it up. Oh no, am not Don in the least not even close to bullshit he could put up, I reach points of me talking to people and then I put them on Ignore when I think they are becoming a pain in arse. Don maintained a business, perhaps why he answered as he did, I don't know. Start doing back testing and put in a year's worth of back testing and learn bar by bar. You learn by studying only, trading can't be taught, way too much in risk and money management to memorize. Do a journal and work at it for years till you get real good instead of losing much money. Duration of winning trades is key for me, where is safe number of times to lock in 1-2 ticks after how many minutes. Winning trades-check how many ticks trade went against position to form idea of protective stops, find how much in ticks you can nail at least 25% of the time of a full winner, 25-55% of time you will make a tick on most day trading methods. Learn patterns, volatility amounts, steepness(dropping/rising quickly swing amount) that when backtested shows when you should not take signals. yep, swing length, very good grasshopper. And today's swing length I used what was last ten days before the volatility started as a way to reduce risk and trades. I simple will not day trade when volatility is high, can't do size without have excessive extended risk and even though it looks like much volume being done, stops have sizeable slippage, I only day trade when markets are more controlled. I am done, time for Starbucks.
Done for day. Too bored to continue. NQ in choppy range. Mid morning I looked at CL and saw I missed some good trades. that's fine I hadn't intended to trade it. But decided to keep an eye on CL since NQ was looking range bound. +20 ticks in CL on 4 trades. no NQ trades today. Acknowledged some uncomfortable feelings (it's not moving get out !) and stayed in and managed trades well. No major mistakes this week ! As I mentioned before I was feeling burned out. Now feeling good. I want to get back into setting process goals and pushing myself on my weak areas. Will work on that this weekend. Thanks again RN and nodoji for your comments Monday. It really helped me. And thank you Handle for all your advice and charts. Have a good weekend traders !
oh yeah, Iwilldoit one of the Hill books is 'Stock & Commodity Market trend trading by advanced technical analysis'
J, Get some R&R this weekend..., No two ways about it - PA has been tough this week Damn Good Job Sir RN
Great! Thanks Jas! I will take a look at it... Btw congrats on your excellent development as a trader...you seem to be a great trader in your own right.
@Handle123 Sorry if you perceive me as a pain is the ass/arse .......just super eager about your method
There is a not so fine line between interested participate - and flat out pain in the ass This journal is about J's journey - not H123's method Not suggesting you leave - necessarily..., but am suggesting you get with he program if you wish to continue here H123 has been cordial..., that is nearing its end - imo Thx RN
@Handle123 @slugar Once I have completed backtesting (b/t) a model that shows promise (win ratio, average win/loss) then yes I will start a journal. Thank You.