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I recently had a simple, but profound revalation with regards to my real account. I have been trading against a pretty strong headwind given scottrade's commissions. For instance, if I take the SRCL position in my real account with about 3000 dollars, my R:W becomes pretty unacceptable...

I got an account w/margin right when I turned 18. My initial balance that i deposited was 7500. Never heard of the rule... Edit: The account was under my own name as well.

Been thinking more along the lines of R:W ratios and found some more possible trades... Trying a new method out... using less confirmation(less probability) in order to improve my R:W. First trade I am taking like my standard breakout... waiting for the price to cross the threshold and...

Nice witty retort. Care to explain what I am doing wrong and why my system won't work rather than coming in to my journal and declaring that I will fail as a trader, so I might as well do what you are doing now. I must have missed your kind introduction and willingness to help... Also...

The best thing that will ever happen to me is to give some guy $45 dollars? Not that $45 bucks is a lot of money, I've payed that market tuition many times, but what makes you think I'm going to fail? I'm not a chump and I won't fail. You quit, you failed. Good luck on your trading...

Stopped out of APOG. I don't mean to sound paranoid, but had I just bought the stocks off the list I created I don't think this would have happened. This was a lower criteria fundy stock... O well, I've got plenty of better choices on my list. Time to wait for a few pullbacks... got some...

I'm a position trader. I wake up in the morning and stay up the first 30minutes - 1 hr eating breakfast and watching tv to make sure no positions go off. If I enter a position, I set my stop and I forget about the stock until at night. If I don't enter any positions (all my positions...

What does the net income have to do in regards to yield from a stock? I know you can get a percentage this way, but what's the point and what is the correlation? Also, P/E is useless as a metric in a bull market. Might as well buy the crap and hope for it to float to the top rather than buy...

O ok, thanks. I gotta fiddle around with the software and I'm sure I can find that. I am using TC2000.

The last method in the document that I attached above is something I'm still working on as far as trading goes... and im not sure how often it occurs. These are my trading setups for tomorrow.

I feel like I am cluttering my own thread, but here goes. Revised my document for more detail on my methods.

ATR? Average total range? My method has been shaped over the course of this entire year... my biggest problem has been not sticking to my guns. Which is why right now I am creating a checklist for entries so that I can literarily paste it on my wall and punch myself in the face if i break...

Sorry... I completely forgot to put that. Stops will be based on technicals... for the pullback it will be underneath the bottom of the setup so that it creates at least a 2:1 reward to risk scenario. Otherwise, I will simply use the low of the last bar if the bottom of the setup is greater than...

Here it is guys. Please let me know what you think. I have provided examples of charts showing what each of my entries would look like. Hope this is detailed enough. As far as position sizing goes, I am only working with 3 k right now so I did not discuss that as I didn't think it was...

After further deliberation about why I have been failing this year as a trader despite how much effort I've put in, all the books i've read, all the knowledge i've gained, etc. I have come to another realization, which took me a while... but I'm glad it happened. I have created my trading...

Thanks. I do agree with the first part of your statement. As money comes in, I will play some very basic trades and shoot for longer term (1-3 months). I think you have the wrong impression of me, however, if you think I should buy and hold some large caps. Not what I am looking to do...

Will do. Will post some setups later on.

One other comment... and I'd like someone to help me out if you agree. With 3000 dollars currently in my account... though I am using the capital solely to learn... it does not make sense to have a timeline of 3-5 days or perhaps even 1-3 weeks. Maybe the next time I catch a pullback I...

For the summer... I will be buying positions only with good fundamental characteristics/chart behavior. Did a scan of the markets today using TC2000 for some O'Niel-esque criteria. Have a decent "trading list" which I will attempt to stick to, gradually adding more and removing some. Some...

Protective stop of VMSI at 51.35 got triggered. Got out of the trade and went long. Very illiquid move... will see what happens from here but if market mania is here to stay i feel more comfortable being long than short. Market keeps going up tho... almost made up my loss by switching...