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What do you mean it’s detrimental to have a rule when to stop trading?. Seems to me it would be imperative to have a rule when to stop trading if your results are sucking you need to pull back and regain perspective

Re your comment on the money management rule, I back into the number of shares I’m buying. But I think it’s covered by my rule that says no more than one percent of capital at risk on any one trade, No? So if I’ve got $100,000 in capital and I don’t want to put more than 10% into any one stock...

Paper trading is no fun, so i dont know how long i will stick with this, but i know i should probably do this for at least a while. Rules 1. Use multiple set ups depending on market conditions. Breakouts, pullbacks, etc. 2. 10, 30 and 50 day MA;s need to be stacked 3. Do not trade against the...

yeah, seems like a pattern with some people. It takes time to get to know who the good posters are here. I’m making progress. :D

Maybe I’m missing something, there are a lot of threads on this form that I don’t understand. But correct me if I’m wrong, this is the dumbest f##king thread I’ve read since I got here. What is the point? Other than stealing five minutes of our lives that we will never get back.

thanks DD. And yup, for sure my biggest problem is me.FOMO as well as what you mentioned, the desire to do something just to do something. not giving up.

We are not disagreeing infected agree with everything you say. My views have changed immensely since I left the business. re the business failing, lol I was using voice recognition and failed to check it. What I meant to say was that’s why 90% of people in the financial advising business fail...

that’s easy. My response would be that’s not what I do I’ll help you set up a financial plan we will invest long-term and ride the ups and downs get you to a level of equity exposure that you’re comfortable with in both of Marcus and down. And you’ll get the return at the market gives you in...

Thanks good clarification. So I think in this new trading account I set up for now I leave the cash as it is my paper trade for a while if it works I’ve got my edge of it doesn’t , back to the drawing board

simply the way I was taught. You make good points. I suppose I’m doing it in steps. In the past I was always a buy and hold guy. I held for the most part through 2008-2009. Yes I lightened up, from about 80% equity to 65% equity. It all worked out. But yeah it could have worked out better had I...

so my question would be, how is that unique? Many people can recognize patterns. Bull flags, bear flags, high tight flags, very common. By that definition, I could say my edge is finding stocks in an uptrend and buying them when they pull back to the 10 day (or whatever) moving averages. Or...

I don’t think I’m good enough to manage money that way. But more power to ya if you can.

This is probably one of the better explanations I’ve seen. Since I showed up here I’ve always said I’m still learning, and I still am

I don’t think you’re betting on a 50/50 coin toss. I think your getting on probabilities, and when the probabilities are in your favor, you place yours bets accordingly. I’m not saying it’s just about managing risk and position size, it’s also about being able to recognize when the probabilities...

trading small is my intent. That’s why I put a relatively small amount of money in a separate account. With that said, I’m not even sure I know how to define my edge. I have never hesitated to take a loss to keep losses small, is that an edge? I don’t know. A lot of people aren’t disciplined...

:DNot sure I understand your question about having a certain % of equity. But it’s never been my style to go all cash in my investment accounts. In fact this is the first time I’ve ever been as low as I’ve been. I think you need to be open to all outcomes. Being 25% equity when one’s fully...

working on it, getting close. I have a plan in my head just not sure how to organize it on paper. And the plan now is different than it would be in an uptrend ING market. I won’t trade anymore in the new account I set up, until I’m very clear about how I’m going about entries and exits. I’ve...

yes, it’s where I’m comfortable. Except for SH. As a hedge.not doing the leveraged shorts they are only good for day trades, they don’t track well long term.

@easymon, did you post something here and delete it? I got an email that u put up a post in this thread today but can’t find it.