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yes that is my thought on this as well... I just cannot focus on too many things at once

I’m seriously considering focusing only on QQQ. I trade options and I’ve done really well with QQQ. Not so great with SPY for whatever reason. This would be really focused for me instead of being all over the place with all the different stocks that I identify on a daily basis. Is anybody doing...

Why is it that 90% or more of traders fail? I mean have we really asked this question. It is a baffling statistic. I just finished Tom Hougaard's excellent book “best loser wins” and he talks extensively about this. He was able to get data on 25,000 traders, conducting over 1 million trades. He...

I was able to find that they are invested 95% in futures on bitcoin. OK that part I understand. What I don’t understand is the sky high dividend that they’re paying out every month. This last month alone it would equate to a 75% annual yield. FV quotes them at 34% annual dividend. I’m gonna...

yup... I saw data recently in the annual reports for the big banks,,, out of 252 trading days per year.. they all had less than 5 loosing days on their trading desks!! let that sink in..

OH wait A minute!! if those allegations are proven to be true... then yeah.. He has a mucho Problemo... and I would be happy to see him pay. The SEC needs to TRY to keep this a level playing field for us little guys

UPDATE--- I hit my daily goal on Thurs and now again on Friday and STOPPED trading.. it feels very good. For me this is the right thing. I hate how I feel when I let a winning day turn to a loss day due to more trading. This FEELS so much better.

I do not understand how the SEC can hold Andrew accountable for anything... I believe he would be covered under free speech just like a journalist... He is not a licensed broker or money manager so he is not under the regulations of the SEC or FNRA...

yes my broker allows free ACH... and yes the dopamine hit is nice... it is about me FEELING good about my trading... I do not have to make $1MIllion to do that. this is similar to being up at the blackjack table and GETTING UP, and go cash out! very few people do that.

I believe this is going to be a key thing for me. Have a goal,,, right now that is to make $500 in a day,, hit it,, and then stop trading. I mean no trades, turn off computer, leave , go do something outdoors. Get away from Cell phone and computer so I am not tempted to trade. This to me is to...

I feel your pain... this is a mental issue. We think the gain will increase. I really do not need to know why I do this... All I need to know is this is a BIG issue for me... now to find the solution.

the risk/reward thing makes alot of sense..... let's ay I am willing to lose 30% then set a limit sell at 60% profit.... the key for me is to let the computer do the work

Yes, we have all heard "let your profits run" BUT I just do not exit. Then I see my trades go to Zero profit and I am out with nothing. The only solution I have come up with is Limit sell orders. The hard part is where to set that profit order. By doing this I let the computer do the work for...

I appears from my trading records going back 7 years that SPY and QQQ have not been as good for me as have options on individual stocks. Is is just too crowded on SPY and QQQ to have any edge? It sure seems to be.. opinions please

I appears from my trading records going back 7 years that SPY and QQQ have not been as good for me as have options on individual stocks. Is is just too crowded on SPY and QQQ to have any edge? It sure seems to be.. opinions please

I also work while I trade.. so I do both. I work from home so I can do that...

that a Gap up / Gap down happens on the stock and the Option I am holding gets slaughtered... just happened to me last week on DDOG

great article https://www.contracts-for-difference.com/features/why-i-love-day-trading/#:~:text=The%20beauty%20about%20day%20trading,of%20'quantity%20over%20quality'.

Thank you everyone. I will find the solution for myself eventually. Both Day trading and Swing trading have advantages and disadvantages. The more I consider things I realize that I like day trading, if done correctly. 1 trade at a time, 1 or 2 trades per day and no more. Utilize bracket...

great book.. I am almost done reading it.