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I have a similar approach in my toolbox: Looking to get in the first 90 minutes (Val, vah) and then ride to the last 30 minutes before the close. Winning precent is about 35%, but I'm getting big R in return. 3 to 10r. Average 5.

I've been making trades that have been rendering a lot of small losses with the occasional 100 or even 200 R. It is all about expectancy...

What is the reason you lose money with your own system and who says that the reason why you lose money goes away with copy trading?

Pfft, every strategy works as long it is part of a good position sizing method that will let your runners run.

Real estate, other businesses, community, wife, children, family, neighbors, dry cleaners (I had once a phone call that they found a stack of money in one of the pockets.)

Bought a submarine in 1992, still waiting to come up.

I would be more impressed if they had said they found a cure for cancer or something like that. Who needs another tool to kill?

I understand what you are saying, but the new trader must use his imagination and make a plan. The order is first to create objectives, investigate their own beliefs about the market, have a big picture registration, use systems that are developed according in what kind of trading environment we...

You just made the definition of what trading is.. buying low, selling high or a variation can be: buy high and sell higher. Never said it is easy, but it is that simple. The same as you cut your losers to protect your capital and you let your profits run to grow your capital. It is not rocked...

It is not a belief fallacy. All what you are talking about is about how you create your exit rules. I can give plenty examples of how you can create different exit rules. A few: trailing stop from the beginning, trailing after a target is reached, trailing tighter after X r return. Starting with...

That are a lot of reactions... do not know where to begin here. Also it is off topic In my opinion, I think 'would be' traders do not understand good trading has nothing to do with predictions, or being right. It is all probability, money management and how you think, feel, belief in what you...

I have spent some years mentoring. My experience is that it always takes more time and the student is not ready to learn what it takes. They go in every direction possible, while their mindset is the only thing they need to overcome. Trading is simple. You just follow the golden rule: cut your...

Believe it or not, the name of the person from YouTube was also ´John´ and he did speak a lot of his place in the Caribbean when he was younger..

When I started trading in 1987, I found a YouTube of this guy that drove a lamborghini countach. He explained how he did options day in day out, and I only had to pay him $99 a month to also have his succes. I never looked back and I'm still trading his method. I own now several Gulfstreams and...

Although, through working day in, day out with the markets, I can really feel a lot about the directions we are going. The biggest part is still a simple method that let the runners run, and cuts the losers short. The biggest enemy is us, ignorance and not willing to accept that it is your doing...

Inventory of your beliefs about you and the market. Set clear objectives of what you want to accomplish. Find a low risk idea that fits your beliefs. Understand R distribution and position sizing. Have a model to understand in which market environment you are right now. Have several trading...

The smaller the stop, the bigger your r returns can be. The smaller the stop, the more chance you have been stop out. There is a sweet spot: small enough to get 5 r or bigger, big enough to have a win rate above 30%, and before you know it, you have a holy grail system.

The basis of the turtle system was to catch a trend across different commodity. I think with 77 stocks, you have a very high correlation. They are all stocks. Also, you are leaving a very big part out of the turtle system and that is that if you have a winner you ad quickly more position. To...

I just channel my intuition and listen to my 10 year old girl telling me what is going on in her world.

Darn, that is really bad luck. My first book He bought me was the book from Stan Weinstein and I was hooked. Four stages, weekly charts, 11 ma period. Next book was something from William o neil. I put those two together, next piece of big influence was positionsizing and of I went.