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Trolling because probably 98% of traders would disagree with me, but apparently only 2% of traders make money...and this method has landed me a Lambo, and a Lotus. :) Single stock carries bk risk. I prefer this method with ETFs or crypto ETFs. For single stocks I might choose 5 and average down...

Of course it's a measured approach to a maximum risk. The point is you never close for a loss. The worst case scenario is time, which will be compensated by cost ..and with a stock it's bk of course but you have allowed for that potential. It's not a mechanical system. Also you should never be...

See you are looking at it all wrong. The seatbelt is saving you from a wreck that should have been avoided, and the blindfold is telling you, you shouldn't be on the road at all. If you take a trade without legging in, and without an averaging down plan then you are essentially gambling.

Exactly! We should all be getting our lawns mowed by wall street. Why would you close a losing position! That makes no sense. I would rather average down my cost and increase my future profits. If you bought the stock in the first place you basically said "yeah this is a good price to own...

You are describing the mantra retail is fed to guarantee they lose money.

Who in their right mind buys and holds without averaging down? An entire study and analysis about the study is done and nobody in the room has the sense to mention that? Using stop losses is straight up gambling. All the video does is praise stop losses for saving the trader from bad entries...

So that's another good baseline ..So if you saved up 25k which is a good benchmark to trade can you make more than $3200 per mo the trading with I'm testing a system prior to scaling up. I don't think you guys realize that the majority of you... especially day traders could make more money...

Collaboration is always better than isolation.

You guys. I'm not starting up a lawn mowing business lol. I was just comparing it to trading. How many of you have annual returns of over 80% because that is the expected annual return for mowing lawns and it is more than the average annual return of the renaissance fund...pretty sure most of...

Well everyone around here wants to play like they have acquired some skill in trading when NONE of you can read a chart to save your lives lol...D included which is why he just trades arbitrage.

Lol I'm just using an example guys. I'm testing out some stuff before I size up. And let's not glorify this...trading is one of the easiest ways to make money for a novice. No novice is going to walk into a black belt karate tournament, or Wimbledon and win, but novices win all the time...

Oh yes those gps mowers are to be considered...the gps not the wired version. I think the target group as mentioned would be milfs and divorcees. No learning? You would learn the most efficient way to mow. Just last year I learned that doing counter-clockwise circles at first is good to not blow...

Yes currently using 3 lawn mowers :)

Not yet...my trading system after 3 months is outperforming mowing. :)

If you have allotted 25k at the beginning of the year to a trading system, what return would you expect? For example if you put the money into a lawn mowing company: 25k for a truck, and a ride along mower at say $20 per hour, 6 hours a day, 5 days a week= $2400 per month. Anything less than...

Mentally prepared for the pullback after the the halvening to load up on BITX. :)

Looking at EW you can see where the ideas of cyphers came from...they are just incomplete analysis. Everything falls within EW...this is why I keep telling you guys you are flying blind without it. Support/resistance, H&S, triangles, wedges, Liquidity zones whatever are all just snapshots trying...

Gains in tesla are pennies compared to gains you could have made in bitcoin...TSLA, NVDA combined....probably the whole stock market combined.

Lol don't know if directed at me but I'm just posting so I can reference it later this year. Just a rough drawing...no fibs etc but it's close enough. :)

You are putting too much thought into it...all your answers are in the chart. Learn TA. However the problem Tesla is going to face, that no Tesla fan boys ever acknowledge is that they aren't the only game in town anymore.