Recent content by STOCKKBROKER

Your winners are consistently small compared to your few losers. It should be the other way around. You should cut your losers earlier and let your winners run more. I too trade off simple support and resistance, always use the tape to confirm your entry. Good luck.

What is the worst that is going to happen? You get stopped out. Move on to the next one. You are going to be wrong at least 50% of the time, the sooner you accept this, the less fear you will have.

Buy low sell high. By the time you go long, hoping for a break out I would have already made money.

Very simple concept but not easy to implement. Break up your max size into 4 tiers. Open a position with 1 tier as a feeler, if your level is right and holds ( Confirm using tape ), add a 2nd tier. Look for 1 st and 2 nd pullbacks to add your 3 rd and 4 th tier. Your 2nd and 3 tier will...

Support and resistance level is just a reference point. You still have to confirm from the tape if the real buyer or seller is at that level. If you are just using a chart, you can never tell.

Trading is a lot about money and risk management. You have to position size well to have a shot. If you just go in with your max size all the time, you are going to end up a loser over time, assuming you are a 50% trader, factoring in slippage and commissions. You have to figure out a way to...

1. Over trading 2. Not patient enough to wait for your trade 3. Trading scared / Missing entry / Selling too soon 4. Can't let winners run 5. Can't cut losers

DOW +150 to -80. Nice. People scared yet?

38% of people have no idea how they make money IF they make money at all, that is scary!!

The fact that your are picking your levels price indicates you are using a setup or maybe you are just picking the numbers out of the air?

So you are not consistently profitable?

Lol.

Retire and do what?

Stop trying to be right, just make money!