I don't know about you guys, but I can honestly say, that this market is not playing nice for day-trading. I actually held my first position overnight in TZA - we'll see how that plays out at tomorrow's open, but with the lack of volume, the only way you can really day-trade the existing conditions, is by finding highly volatile stocks, because you're not going to find it with the ETF's - not even the 3:1's are providing much opportunities. Just my 2 cents.

I thought I'd give you my feedback on some of these rules. Overall there are some real winners. One that stuck out to me though as being problematic is #5 about having at least 3 and no more than 6. More than 6 trades can be hard...very hard to manage. More than 3 can be problematic too, depending on the trader. But I think it is ok to have a maximum # of positions to have. I personally don't like to have more than 3 or 4 day-trades open. I really only prefer only 1 or 2. But being in cash as a day-trader is often times is the best thing you can do, so don't feel like you HAVE TO have a minimum of 3. Be content on waiting - because that is what trading mostly is - waiting for the opportunity to trade. The more patient, the better you will do. You mentioned that you are trying to figure out too where to put stops at and managing once it gets in the money. If you are trading TNA/TZA on a day-trading basis, as you have done a lot, I find trailing a stop is difficult with these vehicles, and you can't really let winners run. Instead you have to take the gains on strength. But that is just for TNA and TZA - most equities you can easily trail price and lock in gains by finding nearest support levels to price and placing your stops just below them. Other rules that you posted look fine, and seem to fit you well with your style of trading. #9 and #10 applies to all :)

I've used it with futures too, I like it better though with 2x ETFs. I was wondering though how it would do trading the VIXX. Might backtest it some.