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My plan is a series of if/then scenarios. If this happens, I will do that. I refer to it as my operators manual. In theory I could give it to a novice and they could trade my strategy. When you have a plan in writing it's easy to determine if you followed your plan or not. When it's in your...

Have you taken the time to actually write your trading plan?

Get a second job. Line of credit Friends and Family

But you are no longer at the beginning. You know that the problem isn't trading stategy or funding an account, the problem is you can't control your emotions.

What does your plan call for concerning earnings anouncements? I see that your stocks all report in early August.

Yup, I guess it's my FOMO, I don't like to have capital tied up not producing the results I expected. I have found that my best trades work from the start. Usually take off and don't look back. I have lots of examples where the stock took off after I sold it but also lots of cases where the...

To my way of looking at price is that the market doesn't know or care where you entered. Deciding to hold a stock is the same as deciding to buy a stock. Nothing wrong with that thinking. An excellent example of why you should hold. The question you have to ask yourself is at what point do you...

FOMO > Fear of a loss Your stop will probably let you know. What are the exit rules in this case, is this where the 10ma cross comes into play?

1st: why 20%? Why not 10%, then trail a stop? 2nd: what happens when you start below the 200ma? 3rd: that's quite a range 30 to 50%. How far do you let the price retrace before you exit? How will you deal with gaps, both up and down?

I take it then that you are just going to monitor each pick and see what happens. Do you have an exit strategy? Your stop is at 10%, a stop would be a loss. At what point do you take a profit?

Do you have a max number of stocks for this watch list? You have an entry price and a stop, position size is another part of the equasion.

What does that mean, park it? I'm guessing that you continue to hold that stock until such time as it gives you a profit. You stop watching it on a daily basis and check it once in a while, possibly set an alert for break even or some profit target.

By overhead I'm talking about all the traders that bought at prices higher than today and are waiting for the stock to get back to break even. It applys to all the picks not only frog. I like to see consolidation closer to the highs. Consolidation after a down trend needs a catalyst to change...

If I might throw a little cold water on your picks. A quick look from my perspective and I wouldn't be interested in any of them They say nothing good happens under the 200 day ma. that eliminates PLAB & QUIK as stocks I'd consider buying at this time. FLEX lacks volume and although FROG has...

A well written thought out post,except for #6. Tony went broke and gave up trading. @ SURVIVOR; read O'Niel, Darvas and Minervini.

How many times did you add to your initial 300 shares to get maxed out? You posted that you were assigned 300 shares at 33.50 and would add on the way down. Previously you said that your practice was to add 3 or 4 times before attaining a full position. Is there a certain percentage drop that...

Enron wasn't hype before it collapsed. I could give you several other examples of stocks that averaging down would leave you in the poor house. The problem I see with averaging down is tying up capital for long periods of time while you wait for a turn around. Speaking of which, have you added...

Except you greatly reduce the possibility of a catastrophic loss. :) Think Enron

That I can understand. What instrument? What is cheap?? Guessing??? You've been posting charts almost every week and you haven't looked since March :rolleyes: What's with the "IF" don't you know?

Where do we go from here, or rather how do you trade a market that is running flat?