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An excellent video! I'll have to rethink my contention that I know what I'm doing.

I read somewhere that being on a boat was the same as being in prison with the added danger of drowning. :)

Up here in the Frozen North the brokers report all income to the taxman. You can't tax the "Rich"; they own the government. After all they paid to get them elected.

I don't see why a simple system won't work. You might gain a bit of an edge with a complicated system but a simple system will still perform. You obviously trade way more than I do. I have a very simple rules based system to trade stocks. (Buy stocks increasing in price and sell the when they...

The answer seems obvious. Any reason you keep dancing when you know the probable outcome?

Why the change? Futures to stocks.

I can always explain why I don't follow my rules. No discipline! :)

:thumbsup:

But you didn't, why not? Are you changing your strategy after each trade?

It's easy looking back. The question is what is the plan for today? Buy, sell, or hold? If you are buying or holding where do you exit? If you're selling, where do you rebuy?

Your VTSI trade is a great example of a good trade with a bad outcome. You ended up with a better outcome than I would have as I would have taken the trade off under the swing low. It's one trade out of many and there wasn't much you could have done differently. It's a successful trade if you...

I would think that logic could be broken down into rules. If/Then situations. If this happens then I'll do this. If you don't follow rules then you are trading emotionally and that will eventually end badly. If you don't have a rules based trading plan and your equity curve turns down, how...

Why are you not sticking to the original plan? I can see why you wouldn't, as the price failed to rally to a new high but then on the other hand it is still making higher lows. I'd have my stop under the swing low at 98. (there was a swing low higher than that recently but not much volume.)...

That's probably true. I'm a momentum swing trader for lack of a better description. When the momentum stops, I'm out of the market. I feel that having the discipline to stay out of the market is part of my edge. When momentum returns which it eventually will I'll get back in. Over the long term...

" I'm willing to change as long as I don't have to do anything different" ~ Most Traders

I agree! The market will do what the market will do. The only thing we can control is what we do. Again I agree. The averages move because price moves not the other way around. However for the trader it doesn't have to be a coin flip. It's not a win or lose it all proposition. The trader can...

:rolleyes::rolleyes: LOL That kind of thinking is exactly why some traders here spend years asking questions and get nowhere.:D:D

Hey Mic; Sort your portfolio into stocks trading above and below the 150 moving average. See which group does better in the next few months.

Ahh Mic; you're being too hard on moving averages. Lines on a chart that have no value. Don't like them; don't put them on your chart. I like them, it saves me drawing trend lines. A quick look tell me what I think I need to know. I want to find a stock that moves up smoothly; I scan for...

I'll stop doing that. It's not helping those who aren't sure. :)