I asked previously: how do you know if you're making ***progress***. After thinking it over I think a smooth equity curve is the hallmark of consistent progress. Some traders go for big wins and end up taking on too much risk. If they win, they make a lot and the equity curve spikes up. A spike up in the equity curves also causes confidence to spike up and over-trading usually follows as does suboptimal profits and larger than usual losses. If they lose, they lose a lot and the equity curve spikes down. What follows is a spike down in confidence as well and either the trader tries to 'get revenge' and ends up losing even more - wiping out weeks/months worth of profit - or gets demoralized and stops trading and ends up losing out on the opportunities the market offers. So if you eliminate the spikes up and down, and you 'ring the register' consistently then you have no major emotional or financial upheavals --- this is why it is said 'good trading is boring' --- cause trading feels very like a very calm and comfortable thing to do. Then its just a matter of sizing up. "Moving the chains" would be a football metaphor. Make a little bit by 10:00am, then add a little by 11, then add a little by 12, lose a little by 1, add a little by 2, add a little by 3, and then finish at the highs of the day. If you trade like this then you know you're making progress the entire day --- instead of being up big in the morning and flat or down by the end of the day --- or even worse being up big by Tuesday and flat or down by Friday.