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As we approach 7 billion on this planet North America (U.S in particular) is going to be the focal point of immigration. The population densities in the U.S. are far below the rest of the world between the Atlantic and Pacific. I have read several articles that they expect Asians to migrate in...

The comparison of Europe to the United States using cars needs to be tempered with a few facts about population density. Germany has a density about 609 people per square mile where my state Michigan has a density of about 176 people per square mile or about 29% as dense as Germany. Many areas...

Government Motors intorduces the "Obama" car...

I spent 35 years in the auto industry before I retired. The solutions built by all the auto companies were not random. Most of these were built by strong customer demand. Obama has blinders on. He only thinks in a narrow channel. Obama’s cookie cutter solutions will have profound long term...

I agree. We are going to wallow in a mediocre business environment for the rest of this decade or most of the next. All the while Obama will suck the life blood out of this country with his tax it if it still is breathing policy. We will all soon be “rubber stamp middle classers” driving...

News media for the last 100 years has used the Dow as the standard and icon for how well the stock markets are performing. It is what the average “Joe” uses as his image of markets. In most papers headlines for the last 50 years they have all been about the Dow’s ups and downs. It is what...

Traders give the impression that the objective in trading an automated system is: set it and forget it. Nothing could be farther from the truth. Unfortunately it is not the automation that fails in automated trading it is the trader. Traders can grind the entire automated trading process to a...

TallTrader and Tomahawk – I noticed both of you have implemented reduced sized positions during consecutive losses. That is very interesting. I implemented a similar method several months back in my automated strategies to reduce the drawdown during consecutive losses. I tested a parabolic...

Do you have an interesting story to tell us about the pain of losing trades?

NYC212 – Yes, we all have had these trading days. I had many of these when I day traded heavy in the 1990s. The tough question is “What is the order of the rules that we follow”. That means are all rules equal or do we have some with higher precedence. For example if you follow the rule...

NoDoji – Thank you for your excellent trading story. We have all done what you have done. I found myself shutting down an automated strategy for just such a reason about 3 weeks ago. I had convinced myself this new strategy was not working according to normal trading and it violated my exit...

Ten years of trading luck. You are out of your f—king mind. I have traded with a detailed “Exit Plan” for 6 years to take care of the one time events you mention. I have specific methods to take on any cataclysmic event during automated trading. I pull the plug all the time. I no...

If you think I’m going to give my swing trading profits back from the last 10 years and go back to work your wrong. I’m staying retired and collecting my automated swing profits. Automated swing trading works for me just fine event or no event. If one time events or opening gaps scare you...

It says if a stock is in a "State" determined to be swing trading then it is possible to to determine a method to build stops for your strategy to swing trade the stock.

Obombsy Womsey will bail us all out!

I have automated swing trading of stocks (for the last 10 years). Stops are not impossible to learn how to build for swing trading stocks. But, understanding how price and volatility tell the trader how to build stops to swing trade stocks will get you a life time achievement award. I could...

NYC212 – You have had a rough week. I feel your pain. But those losses are all part of the trading business. The question that I have for you and all traders in your situation is “Do you have what I call an Exit Plan in place to combat this type of situation?” An “Exit Plan” is a...

Tomahawk – I like this method you mentioned. I have used it a couple of times to start my trending systems after 3 or 4 losses in congestion. It got nice results. I will have to use it again if this market heats up. Thanks.

Linq – You mentioned a key item in keeping systems going – positive expectancy. I use it to pull the plug on trading a system. When I do my automated trading reviews if the expectancy of the system is negative for that trading period (where before it was positive). I put the system on...

This cartoon says it all.