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I trade commission free. So no worries.

Correction: I am a manual trader not discretionary.

Thank you!! I will keep you posted with my progress.

No I don't have to make money. I have a software job after market hours making 6 figures. But I want to stick to my strategy. That is the whole point of trading. I think I will reduce my position size to 1k for a few months and then increase it to 3k down the road. This seems to be the better...

Fear of a loss. I don't like losing more than $30 on a trade. So I skip many trades unless I am 95% certain it will go higher and I sell quickly after I get in for fear of losing my gains.

With day trading there is no time to think. By the time it takes me to calculate how many shares of a stock that is trading @ $14.2 I can buy with 3k and then typing my order in, one minute goes by and the stock has already taken off. Also I rarely trade stocks that are more than $15 due to low...

My account size is 50k. I am more comfortable trading 1k to be honest. It all depends on how much of a loss I can stomach. Losing 3% on a trade with a position size of 1k is $30 which is something I can accept. But losing 3% on a trade with a position size of 3k is $90 approx close to $100 and...

I am having trouble sticking to my strategy /plan. Someone told me paper trading will help. Currently I use a position size of $3k. Do you think reducing my position size would help to take emotion out of the equation so I can learn to trust my strategy and stick to it? Or is paper trading a...

I disagree. Trading is not based on human emotions. Those that trade on emotions don't last very long in the market. Trading is based on principles of supply and demand that are as rock solid as the laws of physics. Wouldn't you consider gravitational and nuclear forces to be reliable? Similarly...

I didn't say I don't take losses. I said I do and it is due to my lack of discipline in sticking to my strategy. But the rest is true and can be true for anyone who has the the time and discipline to learn, and keen observational skills. You do need to have above average intelligence but you...

Here is another one: You need 5-10 years to develop an edge. Wrong - It took me 6 months to a year to develop an edge. The key is to observe the market live, keep things as simple as possible, stay away from complex indicators etc and adopt the KISS approach. Once again to be successful at...

What is your valid reason for having a losing trade? For me there are only two valid reasons. Either your strategy is not good or you didn't stick to it. One of the two. There can't be any other reason. For me personally when I have a losing trade it is because I didn't stick to my strategy.

https://www.reddit.com/r/The_Donald/comments/71t470/i_am_livid_my_obamacare_premium_will_skyrocket_20/

Here are others: 95% of traders fail so you have to be a genius to succeed. - Wrong. Trading is not rocket science. You don't have to be the brightest bulb. If you take the time to learn and have the discipline and drive, it is not difficult to succeed at trading. You have to blow up your...

No thank you! You take those low probability trades and find your safety in large number of trades. I strive to place every single trade with excellence and not a single trade that is of low quality and will stick to my high probability trades. It has worked for me so far. I realize many people...

There is no shortage of good advice on this forum. But sometimes even the most well intentioned counsel can do more damage than good. Yesterday I read a post on here that talked about taking low probability trades. I tried entering one today and even though I exited as quick as I could when the...

https://wolfstreet.com/2017/09/20/this-fed-is-on-a-mission/ No more asset price inflation :-) Wonder what the effects will be on the stock market and real estate.

The high failure rate is because there is no entrance or qualifying exam to pursue trading. If there was no qualifying exam to be a brain surgeon or fly an airplane most would fail as well. Trading is pretty simple for the retail trader if he is willing to use his intellect and put in the time...

You obviously haven't thought this through. Go back and read the 2nd post on this thread by @learner2007. The people you mentioned manage 100s of millions of dollars. It is common sense that their return will be much less than a retail trader with a relatively small account. And no I can't be...

I disagree with Xela. There are setups that have 80-100% probability of a winning trade. How do you know? With practice, experience and observation you will know. The rest of the lower probability setups you should discard because they are just gambling. As for how far high price will go is...