So, I'll be funding an account later this week to start live trading based on current achievement newspaper trading (two weeks -- a couple of sessions per week, with 80% profits and relatively small drawdowns). While technically I undergone drawdowns up to 10%, I didn't have any losing trading sessions. We'll see if this trend continues...
I don't follow a mechanical system. Been there, done that. I do not use predetermined stop loss or take profit, I trace the rhythms and riffs of the PA and my intuition. Not everybody is gonna like that or be able to follow along, but hey, that's what works for me. In my experience, mechanical trading leads to results that are unsatisfactory and inconsistent. That isn't to say it does not work for many people, but I think that it's more important to be more agile and adaptive on the battlefield, which many systems do not really allow or promote.
Props to FTI for getting me on the ideal track with this. If you have not read his thread at least one time through, you ought to do so (IMO). I do not claim to trade FTI's way if such a thing exists, however, I heard from him the way to trade consistently in a fashion that works for me. And I've got a lot of space to grow, which is part of the reason for starting this journal. I believe we can all learn from each other.
Well until the trades start rolling, I'll write a little about my trading egy (afterwards ).