thalestrader

I'm in ... That is the sand box as it sits this morning. Best Wishes, Thales

I never claimed to have done this myself, and I didn't mean to give that impression . This will be my first attempt to a run a small stake up that large quickly. I too would like to see a bunch of folks accomplish this here. Best Wishes, Thales

You can find it here: http://www.traderslaboratory.com/forums/f103/race-7826.html#post95041 See you at the finish line! Best Wishes, Thales

I respectfully ask that before you post to this thread, that you read this inaugural post in its entirety. Moderated Message: Apple iPad Awarded to the Grand Champion of "The Race" courtesy of Traders Lab and Thalestrader: http://www.traderslaboratory.com/forums/103/race-7826-15.html#post95569 Hi Folks, Welcome to The Race. This is a friendly competition where TL members who elect to participate will attempt to trade a small account, with a starting equity of no more than $3000.00, to one million dollars in profit. This will include open and closed trade equity as well as cashed out funds. The participants shall record those efforts here by regularly posting daily account statements/equity runs in this thread. It is admittedly an extremely difficult task. None of us has need to hear from anyone just how difficult it is. I would ask that spectators refrain from the usual warnings, cautions, insults, etc. and so on to which threads such as this typically give rise. Rest assured that we each know that the risk of ruin is very real, possibly lurking just 'round the corner from our very next trade. So what? Trading involves risks. If you can't afford to lose, do not trade. We each are free to choose what we wish to do with our own risk capital. If you feel absolutely compelled to ridicule, chastise, or otherwise criticize with enmity The Race and its participants, you are free to start your own thread in which to do so, or visit the TL live chat and voice your opinion there. None of us, as far as I know, have any commercial interest in offering trading advice, education, signal services, managed money, etc. and so on. Should evidence develop that any of the participants do have such designs, and that he or she is attempting to use The Race to further his or her own commercial interests, I will ask the moderators to close this thread, and the The Race will immediately be abandoned. This is intended to be a fun, friendly competition. The only profit to be gained by any of the participants is to come from his or her trading efforts. The winner, should one of us actually achieve the objective of trading to a million in profits over the course of the contest, will be required to do the following in order officially to be declared the Winner and close this thread: 1) The trader must have the account and profits verified to the satisfaction of third party who has been deemed mutually acceptable to a majority of the participants. If TL's founder, James, is willing, I would prefer him to be the third party; and 2) the winner must use a portion of the winnings to provide transportation, hotel, and dinners for 3-5 days for each of the participants at a venue of the winner's choosing. In order to participate, you must first post a daily statement/equity run showing that there are currently no open positions in your account, and that the total equity is less than $3000. This is obviously a contest for the long haul. While it officially opens as of 12:00 EDT AM April, 27, 2010, anyone may join the race at anytime after that date, so long as the trader declares his or her intention by posting a screen capture of a daily statement/equity run that comports with the aforementioned requirements. I believe that takes care of the preliminaries. Below you will find the ground rules as they exist as they exist as of the commencement of The Race. Any changes, amendments, etc. must be presented in this thread, and agreed to by each of the participants. The Race - The Ground Rules Objective: To be the first participant to trade a small account to one million dollars USD in profits, including closed and open trade equity as well as cashed out funds, or at least to have a load of fun trying! Ground Rules: A. Accounting 1) Starting balance of trading account is not to exceed $3000. a. Deposits are allowed at any time, either to replenish a blown account, or to allow additional margin, so long as the deposit does not result in an account balance greater than $3000. b. No deposits are allowed if equity exceeds $3000. 2) Withdrawals are allowed. Notice of a withdrawal request to your broker should be posted to The Race thread on the day you make the withdrawal request. 3) Participants must post daily screen shots of his or her daily equity run by 9:30 AM EDT, with two exceptions: a. the equity run has not been received, or b. there has been no change in positions or equity since the last previously reported closing equity. If the equity run has not been received from your broker by 9:30 AM, it should be posted as soon as possible after it is received. Again, this is only required when there has been a change to the previously reported closing equity. 4) I will post a weekly summary of each participant's performance both for the week and from the beginning of each trader's individual participation in The Race. a. This summary will be in terms of nominal dollars profit and loss. This is not a percent return race, but an accumulated profit race. b. This summary will include both closed trade equity, open trade equity, and cashed out profits, if any. 5) The Race is open to new participants at any time. The only requirement for participation is a live, real money trading account of $3000 or less starting equity, and a willingness to post a daily equity run. A trade blotter is not sufficient. Your post must show instrument(s) traded, entry price, exit price, commissions, fees, etc. as well as closed equity and open trade equity. B. Trading 1) Real time calls are not necessary - just post a copy of the daily equity runs with your name and account numbers painted out. 2)The Race is open to all trading styles - day traders, swing traders, scalpers, position traders. 3) Any freely traded liquid instrument is allowed - futures, spot forex, stocks, bonds, options, cfd's, etc. and so on. The Race can accommodate the $25 microlot account holder, a $1000 futures account holder, as well as a $3000 cash or margin stock account holder. 4) As this is open to all trading styles, there is no requirement that a trader place a trade every day, every week, or even every month for that matter. The only requirement is that a daily equity run be posted whenever there has been a change in equity from the previously reported closing equity. 5) No trader is required or expected to divulge anything more of his or her trading system, method, approach, etc. than what he or she wishes to divulge. The trader can tell all, or tell nothing. 6) If it is known that you will be unable to trade for a period of time, then that should be posted in The Race thread with an expected return date. The Race doesn't stop just because one or more participants is unable to trade for a period of time. The notice is requested simply because it prevents anyone of us from dropping out of The Race without giving the other the courtesy of a public notice. There is no requirement that one trades everyday. 7) The initial period of The Race will be twenty weeks starting with the week of 4/26/2010. At the end of 20 weeks, the remaining participants, should any still be standing, will decide whether or not they wish to extend The Race. ______________________________________________________________ I think that should be sufficient to get us started. Good luck to all who choose to participate, and for those who choose to participate as spectators, I hope you enjoy the show. And please folks, let us be respectful of all - Racers and Spectators alike! Most of all, Have Fun - because in the end folks, if it isn't fun, it isn't worth doing! Best Wishes, Thaes

Little league, Pop Warner football, junior varsity, varsity, college ... lots of practice, yes, but lot's of real live win or lose competition as well. Even pilots log thousands of hours of live, in the cockpit aerial maneuvers (help me out here jands) and do not learn their craft simply playing an expensive version of Nintendo. Sim trading, more often than not, is itself a habit, and fairly often, a crutch. If you want to trade, trade. Best Wishes, Thales

No problem, sicko, my reference to your "promise" was meant to refer to your sharing your MM perspective and (I do hope you still intend to share your MM regimen with us), and not that you would actually succeed this time around in multiplying your stake 1000-fold. Best Wishes, Thales

Same here ... I'll let Sick have access to my broker at the end of the contest. Even better, I suggest we allow James, TL's founder, to verify our trading records, for good or for ill, to his satisfaction. I will start "The Race" thread tomorrow evening, Monday April 26, 2010. I will post a screen shot of my statement Tuesday morning. The current balance is $1500 and change. For the first screen shot, I will show the whole statement with personal ID info erased using paint. Thereafter, I will simply screen capture that portion of the statement that shows the required info - trades, timestamps, commish, fees, equity. Trading will start Tuesday, April 27, 2010. I will not be trying to post real time calls, but I will try to include a chart each morning of the instrument(s) I traded the prior day and I will mark entry and exit on a 5 minute chart. Also, I will start the thread in the "Trading Logs" section of TL. I think Brownie and sevensa are moderators there, if I am not mistaken, and I'm sure that we can count on them swiftly to remove any irresponsible or disrespectful posts from the peanut gallery. Best Wishes, Thales

Don't worry, sicko, I'll be trading for infinite yield. I want to meet you in NYC, not Vegas! So I have incentive to get to the finish line before you. Best Wishes, Thales

Hi there pnl posters, We're going to be running a little race here at TL, starting Tuesday morning, 4/27/2010, and running for an initial 20 week period. The race was prompted by this thread by sicktrader - http://www.traderslaboratory.com/forums/f18/lets-trade-volume-v-7794.html Brownie, I know a number of folks have posted out loud that they'd like to see you participate. I hope you do, as well as a number of other pnl folks such as bathrobe, and dinero if he's ready to go live again. You can read the proposed ground rules in this post: Right now it is just me and sick, but I think the more traders the more fun, so I hope to shake a few more Racers out of the stands and into their cockpits. I'll be starting a separate thread on Monday evening where the Race will be played out. Best Wishes, Thales

I guess we will have to be on the honor system. I'll post a screen shot from my daily equity run for this account, which Transact Futures emails daily in a .pdf file. Unless I am mistaken, most demo accounts will produce a blotter, but none that I know of, will produce a genuine demo equity run/daily statement, complete with the info one expects to see from his or her broker the next day (executions with time stamps, commission, fees, open/closed equity). For example, Transact demo account can produce a blotter, but it will not generate a separate equity run as it does for live accounts. If someone does have such a demo account, more power to them. For such a small entry requirment, I would hope that anyone who chooses to participate (right now it looks like it is still just me and sick) would be willing to trade real account. And remember, if someone does post a run showing the million, he or she is on the hook to fly all the participants to meet one another for an expenses paid gathering. Without that, any claim to have made a million is just a claim. Now, if someone wants to fake a screen shot showing a phony million, and then pony up the dough to send me on an expenses paid vacation, I'm fine with that. Best Wishes, Thales

Paul, That is a generous offer, and I would love to reach even one of the markers you placed along the road to the million dollar milestone. The particular account I will be trading is one I use such deviations from the norm as this. I funded it back in 2008 with 3K and it has fluctuated between an equity high of I think 5K and change and its worst draw down was a few dollars over 1K as I play around with this and that instrument, chart pattern, etc. and so on. Typically it sees a bunch of $90-$150 daily profits followed by a quick string of $600 daily losses. While I love to play in my sand box, in the end it is the 123's and 2B's I trade in my trading account seem to be the only thing that really works for me. As I am coupling my Race efforts with one of my experiments, I'd not be surprised if all I manage is a string of small wins alternated with a string of larger losses. So while I'd love to hit a million, I'm in this more for the fun than any such expectation. There are two things, however, that makes this experiment different for me from most of my prior sand castles, and that is that 1) it was prompted by a challenge from two of my friends, rather than dreamed up out of my own thick skull, and 2) the nature of the challenge makes the trades I'll be taking far less discretionary than I am accustomed to taking. So, who knows, maybe this time it'll be different. I am interested in seeing sicktrader share his money management secrets, however, and I would be very, very pleased not to mention "shocked and awed," were he to make good on his initial proposal. At any rate, I hope this can last the proposed 20 weeks, and I hope it is fun for all, racers and spectators alike. Best Wishes, Thales

Agreed. I find that the two patterns that hint at a potential 2B that I like best are the three pushes (especially when wedging into the highs/lows), and the other is a sharp impulse, followed by a shallow retracement, followed by another impulse past the extreme of the first impulse that quickly reverses. Best Wishes, Thales

I would hope that Brownie would join in the fun. He was always a big advocate of the small account trader. As importantly, are you in, snowbird? Well, to tell you the truth, two of my friends and I were about to commence a little "competitive" experiment of our own using our "sand box" accounts, and the ES is part of that competition. I am simply leveraging my participation in that project by adding "The Race" dimension, a dimension that was prompted by sicktrader's interesting and wondrous promise to turn 1K into [1K * 1000] in 20 weeks in his "Let's Trade" thread. My trading for the purpose of The Race will be dictated by that separate and independent "experiment" proposed to me by my currency trading friend and my TF trading friend, and my approach for this small account will differ somewhat from what I have presented throughout this thread as it harkens back more to my time as a would-be "systems" trader (kiwi might be interested to know that this little side experiment has prompted me to fire up my old Trading Blox software for the first time since '06). Best Wishes, Thales

Not for nothing, but in the unlikely event that I somehow trade my little sand box account to 1 Mil in the next 20 weeks, using it to fund a trip to Vegas seems to me more punishment than reward. I'd prefer to make a large charitable donation to the Allentown Ecumenical Food Bank, though I'd also be willing to fly the participants of The Race (and a few other select TL members) in to NYC for a few days of fun. So how about we just say that if someone does hit the 1 Million, he or she must spend some of the winnings to bring together the participants for a few days or so in a venue of his or her choosing. Best Wishes, Thales

I'd like to see Brownie join in as well. Best Wishes, Thales

I suspect that the last thing anyone here at TL would want to do is to "invite" a bunch of ET idiots over here. It is unfortunate enough that a stray ET-type wanders in from time to time - no need to invite them en masse. You see, sick, the difference between ET and TL is easily seen from the different responses to your threads here compared to there. Over there, you would post your intent to wow the world with your money management style, and within two or three days there would be 80 pages filled with posts from the usual bitter failures telling you why it couldn't be done, and you responding with your (for the most part inappropriate) emoticons. I do not recall if you ever actually posted more than a handful of trades spread out over four threads before you disappeared. Compare that to the response here at TL. You posted your intent to shw us your MM style, you had three or four positive responses, and then nothing but crickets as you failed to show at the time appointed by you yourself. Unlike ET, TL is very much a "put up or shut up" forum, where you can choose either to follow through or not, but no one is going to hound you for trying, at least not publicly in the thread. You will get a handful of fools who have no problem sending you a PM calling you a fraud or a liar or a "photoshopper." But even those fools know that James will quickly toss them and their IP from the forum if they spout off in the threads publicly. I do not frequent ET very often. I only came to know of your threads last summer because my currency trading friend does read ET. He and I both started futures trading with very small accounts many years ago, so your subject had a rather nostalgic appeal to both of us. You also mentioned that you had taught your young daughter to trade. At the time, I was in the early stages of doing the same with my daughter. It was that fact that prompted my friend to email the link to your thread. Of course, your efforts there never really began and your threads just became typical "1K to 1 Million" fodder for the ET idiots. So here is your chance. You will find few idiots here. Our little race may offer a few of those who participate in the TL live chat a target for ridicule and amusement, but their disdain, such as it is, will likely remain in the chat room, and possibly spill a bit into our PM in-boxes; but for the most part, I expect that the thread for The Race will stay relatively clean, calm, and respectful. So, if you were hoping for an ET-like atmosphere filled with the putrid bitterness of failure and stupidity to which you could respond in your ET clown-like manner with pornographic emoticons, you will be disappointed. Also, for the record, my daughter is ten, and I let her read the Reading Charts in Real Time thread here at TL. I would like to allow her to read The Race thread a well. So let's keep our posts there clean enough for a ten year old girl to read, and if you are compelled to post emoticons, limit yourself to those offered by TL (except for the "WTF" emoticon as there should be no need of that one). And let's hope that few ET'ers show up here, rather than wishing them in. If you are here to trade, then let's trade. I'm here to have fun. Trading, for me, is great fun. ET is no fun at all. So let's have fun, Let's trade. Best Wishes, Thales

Hi Folks, A week ago sicktrader posted the following in another thread here at TL: An interesting proposal, don't you think? At any rate, I suggested that we hold a litle race here at TL, with the objective being to see who can generate the greatest pnl in nominal dollars trading a small (less than $3k USD) account. I posted some suggested ground rules in sicktrader's thread, and on Monday I will start a thread devoted to the race. It is open to anyone - all instruments, all stules, etc and so on, so long as you start with a small account. The only otherrequirement is that you be wiling to post a daily statement/equity run with your name and account nu,ber blotted out, painted out, or simply left out of the screen capture. Right now it looks like sicktrader and I are the only two, but I would hope that we can get a few more to praticipate. Even a $25 microlot account is sufficient. Here are the proposed ground rules below. If you think you would like to join in, even if you do not have a small account open and funded, let us know by posting your interest in sicktrader's thread. Best Wishes, Thales

I propose the following Ground Rules for The Race. The Race Objective: To be the first participant to trade a small account to one million dollars USD in profits, including closed and open trade equity as well as cashed out funds, or at least to have a load of fun trying! Ground Rules: A. Accounting 1) Starting balance of trading account is not to exceed $3000. a. Deposits are allowed at any time, either to replenish a blown account, or to allow additional margin, so long as the deposit does not result in an account balance greater than $3000. b. No deposits are allowed if equity exceeds $3000. 2) Withdrawals are allowed. Notice of a withdrawal request to your broker should be posted to The Race thread on the day you make the withdrawal request. 3) Participants must post daily screen shots of his or her daily equity run by 9:30 AM EDT, unless the equity run has not been received, or if there has been no change in positions or equity since the previously reported closing equity. If the equity run has not been received from your broker by 9:30 AM, it should be posted as soon as possible after it is received. Again, this is only required when there has been a change to the previously reported closing equity. 4) I will post a weekly summary of each participant's performance both for the week and from the beginning of each trader's individual participation in The Race. a. This summary will be in terms of nominal dollars profit and loss. This is not a percent return race, but an accumulated profit race. b. This summary will include both closed trade equity, open trade equity, and cashed out profits, if any. 5) The Race is open to new participants at any time. The only requirement for participation is a live, real money trading account of $3000 or less starting equity, and a willingness to post a daily equity run. A trade blotter is not sufficient. Your post must show instrument(s) traded, entry price, exit price, commissions, fees, etc. as well as closed equity and open trade equity. B. Trading 1) Real time calls are not necessary - just post a copy of the daily equity runs with your name and account numbers painted out. 2)The Race is open to all trading styles - day traders, swing traders, scalpers, position traders. 3) Any freely traded liquid instrument is allowed - futures, spot forex, stocks, bonds, options. The Race can accommodate the $25 microlot account holder, a $1000 futures account holder, as well as a $3000 cash or margin stock account holder. 4) As this is open to all trading styles, there is no requirement that a trader place a trade every day, every week, or even every month for that matter. The only requirement is that a daily equity run be posted whenever there has been a change in equity from the previously reported closing equity. 5) No trader is required or expected to divulge anything more of his or her trading system, method, approach, etc. than what he or she wishes to divulge. The trader can tell all, or tell nothing. 6) If it is known that you will be unable to trade for a period of time, then that should be posted in The Race thread with an expected return date. The race doesn't stop just because one or more participants is unable to trade for a period of time. The notice is requested simply because it prevents anyone of us from dropping out of The Race without giving the other the courtesy of a public notice. 7) The initial period of The Race will be twenty weeks starting with the week of 4/26/2010. At the end of 20 weeks, the remaining participants, should any still be standing, will decide whether or not they wish to extend The Race. Fair enough? Best Wishes, Thales

Ideally, I see trade volume falling as price tests the extreme. Price can be dropping like a rock or simply fluttering down slow and steady, but trade itself should be falling off. Then, as price breaks the prior low, I look to see trade volume (and size) pick up while price makes no further progress, in effect you would like to see some churning at the lows. Of course, sometimes you get huge volume all at once and price rockets from the lows. But ideally, I like to see a few minutes of churn on increasing volume with increasing size. But, you do not always get what you want, and in the end, price holding and reversing after a prior low/high trumps whatever you may see in terms of trade volume, size, speed, "intensity," etc. and so on. But ideally, you will see price dropping (or rising) and probing past an extreme on falling trade, and then the drop or rise is checked by a brisk increase in the pace of trade while price movement itself seems to "hover". Then, of course, I look for the first High/higher Low. This can be, and often is a spread of just a few ticks. As jashanno noted above, the R/R profile of a 2B is typically so favorable that you can lose a bunch of these and make it all up on the next winner. Best Wishes, Thales

I don't have criteria beyond what you find in Trader Vic's two books. I will say this, however - I only five a 2B two whacks. If I'm whipped out, and then the 2B presents itself again, I'll have a go at it. If I'm whipped out a second time at the same level, I wait for a 123 or otherwise sit out until the next opportunity at a different level. I do think that certain patterns conducive to a 2B occurring are identifiable. If you use Elliot Wave at all, it is not unusual for wave 5 to end with a 2B reversal after a test of the wave 3 extreme. Linda Raschke has a set up she teaches that is basically a 2B, but I do not recall off the top of my head what it is she calls it. I do recall that she usually uses 3/10 oscillator divergence to "confirm" these entries. The problem with that is two-fold: 1) an oscillator will not always exhibit divergence at a low or high, and 2) by the time the indicator prints the divergence, you may have missed the optimal low risk/high reward entry point. The best way to look for a 2B entry is simply to watch the price DOM as the market tests the prior extreme. Best Wishes, Thales

Yes. One of the ground rules will be that if the account falls below the required margin to trade a one lot with your broker of choice, the trader may post another grubstake so long as the equity with the fresh deposit does not exceed 3K. In other words, if you or I or anyone else participating blows up, he does not have to leave the race. He just needs a new pair of running shoes to get back in. I'm not sure what my balance is in the account I intend to use, and I had already deleted the daily statement before I had this bright idea, so I won't know what I am starting with until tomorrow morning when I get a new equity run. As we are both starting close to the edge, I imagine one or both may have to post more cash at some point early on to keep the game alive in the early going. Sounds good. I hope we get some others on board. Also, I propose we allow others to join in whenever one wishes to do so. This way folks who'd like to play along but don't already have a small account can go ahead and open a sandbox account and join in when they do get such an account opened and funded. I would love to have one of the JHM traders participate (and I mean this seriously and with all due respect). Perhaps Mr Black would like to join us? By the way, this is open to anyone regardless of instrument. So spot forex traders are welcome as well. The only limits are as follows: starting capital must exceed the minimum amount necessary to trade, starting capital must not exceed $3K (and that can be any denomination, USD, EUR, GBP, etc. and so on - I guess we'd have to make an allowance for peso and Yen denominated accounts), and this must be a live, real money account. Also, this is open to any approach, method, system, and no one is required to divulge anything about his or her method, though explanations are also welcome. I'll put together a rough draft of the ground rules tomorrow, and I will post them here by Sunday evening. If it isn't fun, it won't be worth doing. I do hope some others will join in, and if not, I hope everyone views it in the spirit in which it is conceived. This is not about "having something to prove" or "my way is better than your way." This is like NASCAR - watching the cars go 'round and 'round is nice and all, but in reality, we just want to see the next wreck! Best Wishes, Thales

Here is a look at a 5 minute GC (time frame is really irrelevant) showing a 2B long opportunity this morning just before your long entry on the TL break. You posted a GC chart earlier in the week on another thread that had a very clear 2B short opportunity. That pattern is very common across instruments, and it is a good one to practice seeing. Even if you do not take the more aggressive 2B entry, it should put you on alert for a more conservative entry (e.g. 123 with or w/o a TL break). Best Wishes, Thales

This is the fifth or sixth time you've threatened to wow the world with your MM prowess (though this is the first time here at TL). If you're going to do it, let's do it. I have a proposal: I have a little play account I use when I am trying out a new instrument or otherwise playing around (My friends and I call such accounts our "sandboxes." It has $1100-$1200 or so in it (I get a statement every day but I haven't used the account in a while, so I reflexively delete the daily statements and I am unsure of the exact balance.) At any rate, it is set up to trade two lots currently. If you're going to trade, let me know, and I'll race to you a million. Here's how we do it: 1) I don't care about real time calls - just post a copy of our daily equity runs with our names and identifying numbers painted out. I get the run from that particular account every AM, so I'll post it in the morning to show trades, entries, commission & fees, pnl, and equity balance as of the close of business the day before. Your post must show entries, exits, commissions, fees, etc. as well as closed equity. 2) If one of us doesn't trade on a particular day, he (or she, if others choose to join in), must still post the equity run showing no trades. Even if one of us takes a week off, the equity run showing matching equity from close of last trades must be posted on a resumption of trading. 3) If it is known that you will be unable to trade, then that should be posted in the thread with an expected return date. For example, it is highly likely that I will not be trading at all the first week of May. If that does turn out to be the case, I will post that here. The race doesn't stop just because I am not trading or you are not trading on a particular day. It just prevents one of us from dropping out without giving the other the courtesy of a public notice. 4) Trade any instrument we wish. I'll trade the ES and 6E, though I will reserve the right to trade 6B and 6J as well. You can trade anything you'd like. 4) This race is open to anyone here at TL so long as one abides by the above rules concerning posting of trades/equity. This must be done with a small starting capital. Let's say a capital of 3K or less. We are judged not by % gain but by nominal $$'s, so starting capital should be 1-3K. I have to be in NYC on Monday, so I will start trading this account on Tuesday. Tuesday morning, if you are in, we each post a screen shot showing our starting equity. I'll trade the ES and 6E, though I will reserve the right to trade 6B and 6J as well. As I mentioned, you can trade anything you like. Furthermore, as I have a slightly better track record of maintaining a thread, so if you decide to take up the race, I will start a new thread Monday evening with the ground rules spelled out in post #1. We should debate those rules here in this thread over the coming days if you find it necessary. On Tuesday morning, anyone who is in the race must post his or her equity run prior to 9:30 AM EDT in that thread. So what do you say, are you in, or are you all talk? Anyone else interested in participating, raise your hand by letting us know here in this thread. Remember, you must be trading a real, live money account with a starting equity of 3K or less. Best Wishes, Thales

PT1 & PT2 filled, with the stop loss having been adjusted to the pullback low prior to the rally that took price to the second PT ... Best Wishes, Thales

PT1 filled, holding 1/2 for PT2 with a BE stop ... Best Wishes, Thales