Two Questions For Practicing Day Traders

Thanks. Sounds right to me.

Did you make money on this trade?

 

Days that wreck and liquidate Retail Ricks

Those days are straight gambling.. look on forexfactory, they have one of the more useful economic calendars.

 

I should be OK if I strictly practice PRM? Cut my losses and let my profits run, so net positive?

 

Retail Ricks always think they are the exception.

 

yes
there is one other thing which helps in successful reversal and that is prior sign of strength

 

that is the final test.

it should make sense,

not some system or mumbo jumbo or black magic

 

Like in a war, all of us believe we are the one who will survive.

And we are all above average.

 

https://www.youtube.com/shorts/gxO_sMo4TEY

 

???

 

Just finished trading this morning and need to correct the live trade statistics:

I miss-counted the number of trades. The paper trade statistics remains the same and here are the updated live test results after three and a half weeks:

Live:
# of trading days: 17
# of winning days: 12
# of trades: 233
% winning trades: 45.5%
Average # of trades per day: 14
Min # of trades in a day: 6
Max # of trades in a day: 37
Max drawdown in a single trade: $6.56 (on $1K per trade)
Max drawdown in a day: $15.84 (on $1K per trade)
Average profits per day: $5 (on $1K per trade), a free Big Mac