Hi Denis, No apologies needed and we are all here to learn. I believe stop loss level is whatever level that your trading strategy/pattern is broken. It could be a technical level (VWAP, MAs etc) or it could also be low or high of previous candlestick( or middle of the range if the price in consolidation). Kyle's hotkey allows us to use our preferred level by allowing us to click on the chart to indicate our expected stop loss and at the same time make a fast entry. Since you are trading the open and price moves so fast, the slippage is unavoidable in this case. However, the potential reward is also very high. I myself do not trade within the 1st 5 mins so I am not the best person to answer your question but above is my take on it.

What up Brandon! After 3 months in SIM I remember feeling like I was ready to go live (definitely was not) and thankfully the few trading days before my 3 month subscription ended I did horribly and decided to re-up for another 3 months. Then after 3 MORE months in SIM I thought I was ready (definitely was not still) and had a rough couple weeks prior to my 2nd 3 month subscription ending, then I re-up'd for another 3 months, and after that 3 months I KNEW it was time to go live, for better or worse. 9 total months in SIM, I had months of journaling and data on my weekly R counts. I was pretty good at all the main strategies and decided to focus only on parabolic reversals. I was very confident I would at least not lose money (I did lose money 😛 ) after about 4 weeks I was down 10R with commissions and it became obvious to me I had to go back in SIM. So I went back in SIM and re-read Ana's book on VPA, but this time REALLY read/applied the concepts and a lot started to click for me. I went back live after about 2.5 weeks in SIM and I'm on my 3rd week live right now doing WAY better than my first go around. I might crash and burn again, but I'm improving everyday, and that's what this whole thing is all about. It takes time, SIM is such an excellent resource, don't rush it. So to answer your question... you'll just know. Message me anytime if you wanna chat! GL!!! -Chris

Tuesday trades 3 trades 3 winners +7R: trade 16 +4.1R trade 17 +2.2R trade 18 +0,7R

You can follow some simple performance indicators like: PnL ratio: $$ earned in winning trades / $$ lost in losing trades Accuracy %: ## winning trades / ## losing trades You also want to have some performance indicators by setup / strategy: top winners / losers, accuracy, average winning / losing, etc. In the process side, do you have your rules and playbook? How is your discipline following your rules / tradebook? You want to grade your trading days not only in $ (you can make $$ averaging up / down and breaking all your rules) but also grading your discipline following rules. So a green day in $$ can be a very bad day in terms of rule compliance, and a red day in $$ could be a great day in terms of discipline. You don't want to go live because you had a lot of green days ($$) in sim to discover you built bad habits that will put in danger your account trading live.