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Just the first book. Hard to believe that's how things happened.

What make you think that? That's what trading is. 2 parties who believe the market will go in different directions. One of them has to be wrong.

Depends to the type of trader you are. For a long only swing trader you need the market to be trending. I know a good trader will adjust to the market but I have found that my style benefits from sitting on the side-lines until the market starts trending again.

You've been fighting the market. If you bought and held SPY you'd be down about the same and had to live through a 12% drawdown. You might want to add in a filter for the general market. Like don't trade or only trade small size if the S&P is below the 150 day or something like that.

My suggestion would be to spend your time on process and plan. I'd focus more on following the plan than on making money. Taking losses is probably the hardest part, especially when the price reverses as soon as you close your position. It's getting easier to get out of a trade with a zero...

I'm assuming swing trading stocks. If so have you read O'Neil's "How to make money in stocks"? YouTube for methodology. Don't buy anything but see what strategies might fit your personality. It's quite simple but not easy because your hard earned money is involved.

LOL!! This from a guy who is "Very disappointed by the ET crowd":rolleyes: Attacking the poster instead of debating the issue doesn't help the quality of the forum.

I'm not surprised they have a conviction list. Who do you think owns the stocks on that list. And how does the list perform? Goldman puts the list out there for investors. They expect the list to outperform, but does it? Does Goldman have a get the Hell out list? Actually I've never heard of...

I've never heard of a conviction trade. (Sounds like something illegal that might earn you a conviction if you get caught) Why would you have wider stops with a swing trade? The smaller the loss the better. The best trades never look back, they work from the start. Instead of adjusting your...

If you are giving advice that might hurt yourself and others, then as Foxworthy says, you might well be.

How do you control risk? What do you do when a trade moves against you?

Or those who grew up on a farm. :)

They call my neighbour the "Cat Lady" I don'ts think that's fair. I mean how many cats do you have to have to be considered the "Cat Lady"? Two, three, half a dozen, ten, twenty, how many? I think it's unfair to label people that way. She's stuck with that label and she only ate two.

Hey John; If you don't mind, walk me through the process of moving money. It doesn't even have to be anonymously. I have heard that fees for ATMs are very pricy. (+10%). How would I go about getting hold of $5000 to pay my rent.

Gotta hand it to ya John, you called it. Guess I should have should have stocked up on bit coin when you recommended it. Problem is there isn't anywhere to spend it up here and I can't get across the border because of the protestors. So far I can still access my bank accounts and I'm waiting...

At least to know what to work on. :)

Don't they have to kill those cows to get the steaks? What if they all went to a no-kill animal shelter?;):D

How is your discipline? If you use a mental stop, are you going to take it? Keep in mind that a stop loss doesn't actually stop a loss. It keeps the loss to a manageable size. There is not a lot you can do about gaps. My process when a positions opens well below my stop is to play the opening...

How about the triple bull and bear ETFs. It's been a while but years ago I was day trading futures and somehow figured that trading etfs like tqqq and sqqq for a short worked out to close to the same dollar amount. How big an account do you need to maintain the positions you have? And if they...

Actually I did. But I remember the hockey riots.