Recent content by teewoods

It's funny you say anyone who just about bought anything and held it for 11year would have been profitable. Not something you can say about 99% of day traders. How many people who started day trading 11years ago are still trading? I bet if I went through the day trading journals on this forum it...

I don't have a stop loss in position trading and I have never exited on a loss. I pretty much hold the trade till it comes good. Longest I have held is 14 months. But I only buy stocks that have had a significant drop. 40%+ It's very boring stuff. Not for many people here. How many traders can...

I shared the same setup but I do more trades than him around 30 trades a year. Only because I have more capital than him. And that's a lot of position trading especially when one holds some positions for 6months to 1 year pending if its stocks or futures. What really matters is the returns...

My friend who has been trading for profitably for 6 years moved from position trading to day trading. He got sucked into day trading This is a guy I spent hundreds of hours a year teaching him the ropes about position trading. He made very good money trading 8 - 10 times a year but he wanted...

Been in this game for over 25years and yes we made money day trading back in the 90's but that was as a floor trader seeing real life bid offer in the pits . We scalped and won because we could see the big orders coming through from the brokers on the phone. In todays world Day traders might...

If Dow breaks its high expect the bears to step in come the new year. I wont be holding me breath. I'm a bear and ready to rip the Dow to shreads. Time for bonds to step up and be the bull