Not necessarily true. My methodology right now is fully systematic (but not fully automated) and the result is reproducible by other traders if I...
Fundamental data (weather, inventory, interest rate, financial, etc), geopolitics, government policy, sanction, etc. Basically anything that...
Not NG but CL exclusively before. I think it's related to trade frequency per month. Now, my methodology produces low frequency per month per...
>= 1.0 expectancy per trade to average risk per trade ratio and >= 100 setups (got entry) per month.
Dynamic.
If you're a retail trader, it's enough. There is no right or wrong in trading. If there is anything you can do moving forward, it's optimization...
Orderflow is hard. I don't like it. Moreover, I don't have the capability to automate. Using >= daily timeframe to make decision for daytrade,...
Some of them use pure chart and some use pure chart + order flow. The reason I left that path is the methodology seems to not robust and at the...
Don't be surprised that there are profitable traders use methodology that only works on instruments in the same category e.g. stock index...
Should be good. Every instrument has its own quirk. It's even better if the methodology you use works on other instruments in the same asset classes.
A trader can only be considered a failure if he/she has edge (a trading system with positive expectancy) but no discipline (risk management and...
Measured move is most significant. Trades taken after measured move has -ve expectancy. Removed those trades and the system has +ve expectancy....
Context is important (your direction analysis and entry) when discussing this. In general, you may take a look at measured move (you entry after...
I have to express my disagreement. If you're a profitable trader and want to minimize risk (regardless of having big capital or not), those bucket...
There are a million ways to make money in the markets. The irony is that they are all very difficult to find. ~Jack D. Schwager This is why I try...
Psychology/mental is overrated and only 1% of the game. Edge is 99%. Every part of your trading system should be measurable.
If one has high salary job (obviously good career path/growth), there is no incentive to pursuit full time trading. Unless being naive (possible...
The last question is assuming you did great in day trading until today. Nevermind. All of us did what is best to us. I wish you do great for...
This is great summary of day trading. Take A+ setup on multiple symbols. In the old days, I trade futures using strategy that works on multiple...
May I know your stats (win rate, average RR, trade frequency per month, current capital)? Have you ever considered what you're capable of doing...
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