As John Magee so wisely pointed out, one can prudently risk manage himself into bankruptcy. Which is one reason why the theoretical Profit Despite A Low Win Rate business doesn't work in application.
All of which is a prelude to saying that those of you who tried to short before it was time to short and got repeatedly stopped out should now possess a more intimate familiarity with "tells".
Excellent posting. You've hit the nail on the head about defining trend on daily and it's one of the items that the new traders need to understand better. While it's true that having a lot of capital is helpful, it's especially important to note that folks who don't, really should be trading the daily using 1x margin. This allows you to slog through drawdowns without having to stress out about losing the entire account. Again--excellent posting
I can't for the life of me remember what book it was, but someone famous on the trading side referenced a book about horse race betting... Elder? Ahh, don't laugh! Jim Cramer: Picking Winners: A Horseplayer's Guide by Andrew Beyer. Have not read it, but your reference brought back this old memory for me from his Confessions of a Street Addict. It was influential to him in shaping his fundamental analysis and rigor. We do also see our fair share of former professional poker players in these parts... The skill set seems to be quite transferable.
Today's chart review may be found here: http://www.elitetrader.com/et/index.php?threads/the-hindsight-thread.278558/page-2#post-4100630
As the chief purpose of this journal was to address trading the SLA/AMT intraday, but so few of those who are interested are actually trading this intraday, there's really no reason for this journal to remain open. As there are nearly twenty journals that are focused on this approach, it makes more sense for me to post charts that are pertinent to the journals of those who are working this out for themselves, particularly those who are truly trading it intraday. Those who want to "follow" me are encouraged to click my name and select Follow when the popup window appears. You will then more easily find out where I am. I'm sure that those to whose journals I'll be posting charts will welcome sincere questions.