My stated trading approach is fine. What is wrong with the summary of it? I addressed every major issue. If you genuinely want to give constructive criticism, can you answer a few quick questions or explain to me what's wrong with my approach? Making a plan, committing to and actually doing it. You really think most traders let alone most newbs make a plan AND also actually follow it? Actually looking through 26 years of data to build a risk management system to use that gives the optimal place to lose on a trade. You really think most traders, let alone newbs actually do that? You seriously want me to believe they look into how to lose optimally, instead of focusing on how to win? Also, came up with my own filter to know when to avoid some trades. You really think most traders, let alone most newbs take the time to come up with their own filter? as oppose to just trying to find something online?
I summarized my methodology. As most other people have seen one way people fail is taking large losses and small wins. Another main reason people fail is lack of discipline. Lastly is lack of an actual edge (death by a thousand cuts, commissions and etc as you mentioned) Summarizing: Addressing the first issue: Looked at the best way to manage risk for day trading and in general and built a risk management system around that. Taking small losses at the most optimal places, while risking as little as possible and letting winners run. Addressing the second issue: Fully committed to following the guidelines and having the discipline to do this. Addressing the third issue: Added a filter to assist in having an objective way to determine which direction to trade in. Doesn't mean I won't take both long and shorts, particularly on range or neutral days. Just means some days things are more clear to me and I may lean on that
So no entry criteria; long or short. What triggers a long? Short? Target? “Cut losses and let winners run” is not quantifiable. It’s a mantra you’d come across in a trading for dummies video. Do you trade with stops? Where are they placed? Do you follow Kelly or something similar for bet-sizing? ‘You’ve gotta be trolling,
I don't parrot other people. I am not saying "cut losses and let winners run" in the parroting sense, of course that is complete garbage. Telling you I figured out the optimal way to literally do that via 26 years of data, not talk about it or in theory. Of course I trade with stops that are objectively put in the most optimal place, but not a fixed value. My entry criteria AND where the stops are placed is part of my edge. Do you want me to share a screen shot of that showing exactly what I am doing?
lol no. I have heard and seen enough, but don't let me stop you. I am almost speechless. Holy fck, Mate. You chose the wrong profession.
... that was a rhetorical question anyways. Of course I wouldn't post exactly what I am doing, why would I do that? Not trying to out do you, but there's no possible way your mind is blown more than mine. This is a pretty large forum and collectively people have like 0% knowledge in understanding how to trade equity futures on a smaller time frame.
You are the thickest mofo on the planet or you're on the spectrum. Thank your God that knowledge is 0-bounded.