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macattack; I'll ask again, what is holding you back? Why are you not achieving what ever goals you set for yourself? Answer that question honestly and you will be on your way to being the successful trader you aspire to be.

What is holding you back?

Maxpi: Great analogy; I would add that as a trader you have the advantage over your opponent. Although Mr. Market gets to choose the arena, you get to make up the rules. You can also change the rules if you like. You decide when you will fight and you can decide when you will call...

That would be my preference. At minimum I would move stop to breakeven. The book doesn't mention trailing stops. The Author set out to prove that TA doesn't work and in a round about way proved that it does. The problem lies in the trader not having the discipline to withstand the...

This is a method suggested by Gallacher in his book “Winner Takes All” Enter position with 2 units for this example @ $100 Target is set at $120 with a stop @ $95. If price were to hit the target then Add to position 1 unit. Set target at $144 (120+20%) Set stop @ $114...

What does your business plan say? No business plan? Back to the drawing board.

Why would anyone want to fail? I would like to see more how to succeed topics.

If the nay sayers are motivated to help the newbies then explaining why they were unable to succeed would be of more value than proclaiming that it can’t be done. Just because you haven’t been able to achieve whatever goal you set for yourself doesn’t mean it can’t be done. You...

Ask yourself why did I have 2 mini blow ups in two weeks? It does sound like you got away from your trading plan for some reason other wise you wouldn't consider them blow ups but rather part of the plan that will work out eventually. Whatever it was you did, find a way to stop doing it...

I don't feel bad at all. I actually feel that part of my edge is having a plan and the discipline to follow it. But then everyones "edge" has to be their own. I can define my edge and dermine when it has stopped working. When I go into a drawdown I'm able to tell if the reason is the...

The way I read the system was that if the entry was 100 the target would be 120 and the stop 95. When price hit 120 the target would be 120 plus 20% = 144 and the stop would now be 120 minus 5% =114

That is the whole point. To have an edge you must have a plan that you follow. Without the discipline to follow the plan you lose your edge.

I did read the one you recommended,"Winner take all" Had to buy it as I couldn't find one in a library. What i got from it was that TA is a viable strategy if you have the discipline to follow it. The COUNTER system the author devises shows a profit. He then goes on to say that the system...

Put your entry where you normally put your stops

Make it a SMART Plan Specific Measurable Aligned Realistic Trackable

Back testing should be part of your plan. You know the part about how you know your strategy will work.

One you would trust to trade your own money.

Ah it's only the traders that try to make a killing in NYC that fail.LOL

Link to your Facts??

Thats the problem. Very few treat trading as a business. I've also heard that a good percentage of businesses fail. Poorly capitalized and poorly managed. Almost sounds like trading doesn't it?