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Hedging is dismissed by the majority of traders as unnecessary, too expensive, and not as effective as other methods. So most people would say your advice is wrong. Please feel free to show with examples how you successfully hedge your positions.

Does any user of this forum whether they rank themselves as investor or trader, really believe that they have anything in common with Warren Buffet? Sort of like your average school run driver has so much in common with Lewis Hamilton.

Me too. And looking to pyramid. Trade what you see, not what you think (let alone what some character writes in a newspaper).

A riveting film, much more imaginative than usual science fiction product.

That's worked out OK for you, but how will you take it forward from here? What if 1 or 2 or all these shares start going down?

What I mean is - why these four stocks?

As you've back-tested over 5 years, what would have made you select these stocks 5 years ago? What criteria would you select to choose the next set of stocks like these?

Why not just trade yourself into early retirement? If you only start with £5k and compound your winnings, you'll still become a millionaire. Trading is easy work and your system is low risk, and you'll be boss of your own business. And who else that you know could simply decide to be a...

I trend-follow only, and only on multi-day timescale. I don't look for higher highs and lows to define trend. My entries are, if its a long and consistent trend, on literally any excuse for a candle or bar pattern that is not setting a new extreme of price. More important to be in the trend...

I trade off daily charts so what you say is pretty inaccurate for my environment.

There is no "official" definition, though logic suggests there should be at least 2 highs and 2 lows in sequence. After that, all trends are more likely to continue at any point in time than to reverse. But even if you saw 30 points, this would not tell you the trend was 3 times more likely to...

For me, as I'm a trend-follower, there's absolutely no sense in being ahead of any herd. The herd I'm interested in is the big banks and funds - they move price. I want to be long when they're buying and short when they're selling.

Absolutely no effect on forex prices. That said, you can discover what retail traders are doing by looking at sentiment indicators as on the Oanda website and others. It might be a safe bet to simply go opposite what the majority of their clients are doing.

Getting in ahead of the herd isn't the only way to make money. It depends on the herd. If you're long in an uptrend and short in a downtrend, you're certainly not ahead of anyone, but you will make money. And it will be with manageable risk, which is vitally important.

I don't accept that being ahead of the herd is the ONLY way to make money. Who do you mean by herd? If you mean the mass of private retail traders, then being ahead of them is useless, they're mostly wrong. If you mean the big players, the institutions who actually move price, them being ahead...

Keep a trade journal and go back over all your trades - winners and losers. Go back over the charts and review the trades you didn't take. If you're consistently successful already, focus on getting better at what you're doing right. If what you're right is the majority of what you do, getting...

My reply that you refer to was to DaveV's suggestion that a successful strategy used by a private retails trader would become the prevalent model in the market, and that other players would be able then to play against it as trader behaviour became so predictable. Assuming he was talking about...

Do you have a source for this please?

Yes, this tactic is a trade-off. But investing £10k at the very outset, assuming the same set-up and the 100pt SL, incurs a much higher risk to capital. My approach instead sacrifices unrealised gains for the potential of extraordinary profits - but the initial capital risk does not increase...

I can put some round sample figures in this to make it more plain. Suppose you buy into an uptrend with £1 per point at 10,000 and put in a 100pt trailing stop-loss. Initial risk is £100. If price goes to 10,500 and then falls back to 10,400 the SL is triggered and you gain 400pts, for £400...