Leaderboard

For day trading I have a 11 Equities setups and 7 Futures setups. Double that number if you consider long/short as a different setup. I only trade the setup if it proves a profit factor >2.0 for 20 SIM trades. Once the last 20 live trades drops below a profit factor <1.3 I stop trading it live. Earlier this year I had 9 setups that were >2.0. As the summer neared the number kept dropping. I only have one trade with a high enough profit factor to trade live. So I was thinking why bother. Last summer wasn't profitable for me either. So I thought I would trade playback SIM this summer and learn algo trading while I wait for things to pick up.

All is reasonably well. Late April I took a week long seminar with advanced trading concepts. So I stopped trading live to practice them. They did not work for me and I am still not profitable in SIM/replay mode yet so I haven't traded live since. Also, last year May through August I was not profitable in Futures and stayed in SIM mode for the whole summer. So it may be the same circumstance this year as well. That is why I was thinking not to stress myself out trying to trade seriously this summer and learn algo while I wait for September.