Search results

I focus on the process. Losses are inevitable, I really don't think they can be avoided. Don't beat yourself up over a loss by calling it a bad trade. You can't possibly know or control what the market does. You have to control what you do. Taking a small loss is usually the correct move, and...

Growing old is mandatory Growing up is optional

It's tough up here in the Frozen North

I started trading when you had to phone your broker with info from a newspaper that was 3 days old.

If it sets up I'll trade it. I'll let you know where and when I get in as soon as I make the trade. If you want to see how a trader beats buy and hold pull up a chart and sell at the trend breaks then rebuy with the same dollar amount when the trend changes again. I'd do it for you but it's...

Not for an old fart like me.

Fonz said a good trade makes money. I'm saying a good trade is one where you followed your strategy whether it makes money or not.

What is the advantage of a long term hold? Why would you hold a stock that is moving against you? I personally have a rule that I don't hold any losers in my portfolio.

A good trader makes good trades. The ones that lose money are good trades with bad outcomes. He just makes sure that the good trades with bad outcomes don't cost him a lot of his capital.

I know about them. I'm looking at BITI. Missed it this morning when it gapped up.

I trade Canadian stocks. That's what I do. I have been in and out of Bitcoin miners, Blockchain Tech, and Digital management companies. HUT and HIVE trade on Canadian and US exchanges. Right now I don't have a position in anything that's crytpo related because they have been selling off. I...

Point taken.

Too many "Ifs". If an investor bought at 6 cents why wouldn't a trader buy the same amount at 6 cents. You seem to have trouble grasping how a trader operates. If you buy 100 shares and they double in price then give a sell signal you sell and have doubled your money. Now if price drops 50% ...

I'm in this business to make money. I'd be happy to only make a trade a month or less. I'd be really happy to find a stock that never hit a sell signal that I could hold forever. A steady trend upward with no retracement. 50 trades a week keeps you busy but are you making any money?

But at the end of the month does day trading make more money. I know it's anecdotal but in my case it doesn't.

He doesn't have to trade every day. Swing trade or position trade will probably be better and more profitable strategy. The best way to make money is not to lose it.

With the failure rate being what it is, what are the probabilities that a retail trader will grow a small account into a large account by trading every day?

Aside from ourselves, then who?

But doesn't hedging cost you money? At best you break even.

Andy; If you have to trade on paper then do that. When the market opens tomorrow, watch for your set-up and when it appears, write down where you would have taken the trade. Then watch the market. If your stop gets hit, you have a paper loss. If your target gets hit you have a paper profit...