This is a great reminder. Only people who have traded and built a trading system long enough can understand this. It's similar...
Trade symbol(s) that fit your setup (of course by screening) than trade a single symbol.
From the perspective of profit/loss, it's the same for running both trades in the same account. From the perspective of trade management and...
FIFO rule. Assume your 1st buy at 100.00, stop loss at 98.00, take profit at 120.00. The 2nd buy at 104.00, stop loss at 103.00, take profit at...
assuming you're being given a trading system with edge, then it is 3-6 months to build up discipline and confidence to follow a trading plan....
If you're trading top liquid instruments on intraday, then slippage rarely goes beyond 1 point unless you're trading big size which you will...
Hi, do you guys know platform that support Stop Limit Order for trading on chart? I'm currently using Quantower which support Stop Limit Order...
Do backtest with all things remain the same except the exit profit (bigger target + trailing or let profit run + trailing indefinitely). Only the...
Less than 5 minutes per day maybe. Just recording setup type, entry, exit, lot size, special remark. Not sure what do you mean by journaling other...
What is your win rate? Your win rate is correlated with normal losing streak that you will experience. This is good article. If you are aware...
Yes. It applies to all different types of charts e.g. renko, tick, kagi, etc. The starting point of the price data (offset), however, should not...
Interesting prop firm. I went through their rules. It seems like they are the best among others except drawdown based on open profit (both...
Earn2trade except they have bullshit rule "Live accounts calculate trailing drawdown based on intraday, open equity gains and losses". Otherwise,...
I am not replying the post/thread, just bookmarking the good post for future reference.
Regarding multiple timeframe analysis, what combination of timeframes? Please specify the purpose of each timeframe being used.
Hi all, I would like to use Ninjatrader platform and brokerage but I notice no Asian exchange is mentioned in their website. I would like to have...
You may purely spread trading or hedge when it is necessary. Even though you trade outright, there are times when you have to open opposite...
Only when specific condition appear. The base system has target profit. When the specific condition appear, I entry twice lot size. One for target...
Need more input. What is the reward to risk ratio per trade?
Instead of thinking about increasing risk per trade, how about thinking whether your system has positive expectancy and robust? If your system...
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