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If you have enough funds to day trade stocks then you most likely can afford to swing trade about 5-10 positions at a time with between 100 and 300 shares. Most swing trades will last between 3 to 7 days and that will keep any ADD under control :) The key is to place your entries and exits...

Yes stocks do gap against you from time to time. The key to managing this is to keep an updated watch list. With mine I usually filter out stocks that tend to jump around a lot. It is rare that I have one gap outside of my comfort zone because of the filters I use for my watch list. I also don't...

If I was day trading I could sit there all day and trade nothing but flags and using S/R for my exits. It is a blast for sure but bigger money with less commissions in the swing trade game.

This might be what you are looking for. http://tkfutures.com/education.htm

Hello Mr Morgan Just looking at your entries and exits and then comparing them to your charts I can see some mistakes in your trading and psychology. The good thing is that your are starting with stocks so your losses will be minimal as long as your position is not too large. Now I have never...

LOL, it sucks seeing Lewisville go that way. That is part of the reason I live in Belize 6 months out of the year. At least I am not getting much change going from one to the other.

Tell me about it. I am in Lewisville.

Southlake is catching up with Plano on this one.

I meant to say I am a born and bred Texan, not a bread Texan. I saw that and almost died laughing.

I split my time between Texas and the island of Ambergris Caye, Belize. In Belize they are on the same time zone as Denver and they do not tax the money you make in the States. Cost of living is higher on the islands than if you bought a place on the mainland but it is still lower than any major...

What was the ***last*** thing you had to master before becoming profitable? That just because I am profitable today does not mean that I will be profitable tomorrow. What I mean is that you have to keep yourself sharp at all times and remember that today I might be great with my entries...

Everybody has bad days. Even as a seasoned trader I still have them as well. You hear about hedge funds blowing up all the time and to make it that far you have to be good. Don't beat yourself up over it. Pick yourself up and at least you still have money left.

Hi Krolyk I think that you mentioned earlier that you are using stochastics as an indicator. Is that all you are using? As has been mentioned earlier several times your trading plan has several flaws in it. The number one problem is R:R and over trading with a bad R:R will compound the...

Cool answer :)

Tommy, Congrats for making some money on this trade but if you don't mind me asking. Why would you want to enter a trade that you consider yourself lucky to win or low probability? I understand you have a very tight stop and feel safe there but I don't like paying my broker enough to place...

B1, I actually trade pretty similiar to you when I am trading long term. The only difference is that I am currently using options or leaps at this time instead of futures. Your commentary has kept me in my trades several times when I was thinking of taking profits. Many thanks to you for...

I remember Saxon. I saw them in the early 80's with Fastway and Iron Maiden. Cool band with a CD named Power and the Glory. Paul Quinn on guitar Rock On, Gary

Sometimes when you have a bad trade going it is very easy to start trading like a 16 year old trying to get laid for the first time. This is kind of what it sounds like you were doing. This is a problem that can be fixed by writing down not just your goals but have a solid escape plan and stick...

I think that most of us that have been trading for a while have blown up an account or two. It always happens when we can least afford it. Sorry to hear of your misfortune and hopefully when you come back you will have learned something from this. Good Luck, Gary

Thank you. Trading very infrequent lately but doing well with long term trades. Take Care, Gary