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    If Chewy Loses Money in July - He Will Quit Trading

    1-60 days: Yeah the first 60 days or so I pretty much just traded the QQQQs most of the time, occasionally some Naqdaq stocks. My average volume during this period was in the 2-6k a day range. 100 share lots. 60th day-Now Now I'm still trading 100 share lots, but I'll build a position up...
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    If Chewy Loses Money in July - He Will Quit Trading

    I would stop now, truth is - I have nothing better to do. All my friends work so I don't know what I would do with my time. I suppose I can research, backtest, ect. - but I'm not good at math, programming, computers/software, etc. Nor am I interested in that stuff. The brightest minds have...
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    If Chewy Loses Money in July - He Will Quit Trading

    Here's how I determine how much I can afford to lose: I'll take the past 20 days of data and: win % * ave win per day + loss % * X = 0 X is the amount I can afford to lose and still break even. Right now: To just break even, if average profit is 77.02 on winning days And the...
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    If Chewy Loses Money in July - He Will Quit Trading

    As far as strategy, I have none right now - I've abandoned every strategy I've tried. Not that they don't work, its just that I'm not comfortable with any of them. I've tried: Moving Averages. I don't like em becuase they are lagging indicators. Trailing Stops. For example a .5% move...
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    If Chewy Loses Money in July - He Will Quit Trading

    7-5 Gross: -180 Volume: 14000 Net: -260 Win Rate: 35% Ave Win: 8 Ave Loss: -9 Total Disaster, lost 13X more than what I can afford to. After five days of not going to the gym, four nights of drinking, and staying up late I came in feeling tired. I knew that I can only afford to lose...
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    If Chewy Loses Money in July - He Will Quit Trading

    Stock List: XOM - Oil AAPL - Tech NEM - Gold LEN - Homebuilders MWD - Financials QQQQ - Tech Index (for swing trades) Will respond to other replies on Tuesday, gonna head out to enjoy the weekend.
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    If Chewy Loses Money in July - He Will Quit Trading

    Yeah last week Chewy almost reached the Uncle Point - the point where all confidence and faith is lost and trading actvity comes to a cessation. On the positve side though, Chewy finally realized exactly how much he can afford to loss and still break even...will elaborate later.
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    If Chewy Loses Money in July - He Will Quit Trading

    Don't hold much overnights - there is a swing trade account, but really don't use it much - don't want to lose money on two fronts. If all trades were reversed, gross performance would be +2,500 - but net it would be about 0. Commisions/fees is the biggest killer.
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    If Chewy Loses Money in July - He Will Quit Trading

    The average net rate comes out to about .0056/share. Gross loss is about 2,500 - about half of the net loss.
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    If Chewy Loses Money in July - He Will Quit Trading

    Yawn...Chewy recalls going through this before, setting limits to losses and setting ultimatums - has never worked. However he realizes that 'insanity is doing the same thing over and over again, expecting a different result.' Its no fun to dig a deeper hole, not take home a paycheck, and to...
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    If Chewy Loses Money in July - He Will Quit Trading

    1 $46.62 $46.62 2 $(47.70) $(1.08) 3 $(32.24) $(33.32) 4 $(26.74) $(60.06) 5 $(20.33) $(80.39) 6 $(37.95) $(118.34) 7 $111.48 $(6.86) 8 $(24.62) $(31.48) 9 $(51.48) $(82.96) 10 $24.12 $(58.84) 11 $2.59 $(56.25) 12 $74.89 $18.64 13 $4.30 $22.94 14...
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    If Chewy Loses Money in July - He Will Quit Trading

    Title says it all.
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