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And buying 1000 dollars worth and now being rich beyond your wildest dreams isn't hindsight. I haven't looked at the chart but it will depend on how you define a trend. I define it as making higher highs and higher lows (reverse for down trend) A ranging month might not change a trend. I'm not...

I would think if you threw up a weekly chart and bought or sold when the trend changed you would be ahead as a trader.

Out this morning @ 181. Probably got shaken out but I followed my plan.

I've been considering inverse ETFs. With a tight stop of course. Nothing wrong with cash.

I agree with this. I day-traded both stocks and futures in the mid 2000s. I switched to swing trading stocks (no leverage) and my returns are better and I have less stress and more time. Part of the reason my returns are better is I probably became a better trader as I gained more experience...

You are sitting on a pile of cash and will be able to take advantage of any opportunity the market presents. :)

YA BUT!! This is a forum for Elite Traders and wouldn't you expect the elite to be in the top 10%?:rolleyes:

What caused you to go flat? I was also in cash but that was because my system gave sell signals for individual stocks.

Who have thought getting old would be so much fun. Better invest in some kind of voice to text app.

So how does "I really kicked ass today" and "Go Bears" help traders improve over time?

I have mentioned to Ken in the past that blurbs about how much he has made on any one day or any one particular trade is of no value without context. If you read the disclaimer on some of his videos you get a more realistic view of trading. "The education we provide is for...

What about them? From time to time you get whipsawed. You keep your capital intact and miss the big down moves

The best method of controlling your risk is having a strategy that takes you out of the market when it trends down.

It would be much more educational to post your mistakes and how you planned to correct them.

When a trade doesn't do what you expect it to do, you guessed wrong; get out!!

It's amazing how much clearer you think when your not in a position.

Great Start!! Double your money every 2 weeks and by the end of the year ....Billions!!

What could possibly stop you from exiting at the end of the day?

Just pointing out that it is fairly well known that the majority of investors/traders and traders that became investors when their trade went against them underperform the markets. And most do the same thing, and that maybe someone would twig to the realization that doing what everyone else is...

I have a check list for criteria a stock must meet before I enter a trade. I have an exit plan in place before I enter a trade. Where I will get out if the trade goes against me, where I will exit if the trade moves in my favour. I compute my position size depending on my account size. The plan...