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    My guess as to why traders fail

    If you put together a well thought out plan then all the above is accounted for. A plan isn't "Here is a set up ; trade it" A plan takes into account exactly what it is you want to accomplish and what actions you have to take to accomplish it. I'd wager that most failed traders didn't...
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    My guess as to why traders fail

    I don't care why the market is moving just that it is and I can react to it.
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    My guess as to why traders fail

    Or you can look at a chart and see what the market is doing.
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    My guess as to why traders fail

    A red herring that has nothing to do with trading. You don't trade information. You trade peoples perception of that information.
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    My guess as to why traders fail

    Ok how about having a SMART Plan Specific Measurable Aligned Realistic Trackable
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    My guess as to why traders fail

    1 Not having a plan 2 Having a plan and not following it.
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    Bullverines 2 week trial Journal and PA discussion

    If you are using S&R to enter and exit a trade, it is a matter of price range from the daily to the 1 minute chart. How are you determining what your risk is? Were you not using PA with swing trades?
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    Bullverines 2 week trial Journal and PA discussion

    What are you looking for day trading that you wouldn't do swing trading?
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    I want to trade in the future...

    Study psychology. That influences the market as much as anything else. Take a minor in history.
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    A Question about position size and trade duration

    And if the trade goes against you??? You're looking at how much you can make on the trade. You should look at how much you can lose.
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    Can't trade? blame yourself

    I can't say as I've seen any reasonable request completely ignored. I have seen threads turn into pissing matches as opinions differ. I've also seen some good advise ignored. The "Yes thats very true but it doesn't apply to me" attitude. Trading requires a lot of work and no one is...
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    newbie looking for virtual mentor/ mentors

    Hopefully you can configure your trading platform to allow you to trade without too much confusion. If not Sim trade or at least keep your size down until what you have becomes second nature. You want to learn to trade to make money so make sure you learn to trade first. Losing money isn't...
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    newbie looking for virtual mentor/ mentors

    I'm not quite following you. If you only have one position open at one time, why do you have 4-6 orders open? Are you scaling in and out? Are you folllowing more than one security? Can you briefly explain your execution method. I don't want your set-ups just how you trade. In my case...
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    newbie looking for virtual mentor/ mentors

    How will this help with your execution problems? Can you modify your trading platform or change trading platforms? You need to be able to see all open positions and be able to close them with a single click. You are going to add rules, are you following the rules you have now? Typically...
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    Through the Looking Glass

    WOW More info there than you'll find in a dozen books. Again I say WOW and thank you.
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    Sincerely asking for Help

    Read Roberts post again!!!
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    Please comment on my day trading plan

    And then along came Jack and friends: :(
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    Please comment on my day trading plan

    Trade what ever you are comfortable with. Start small, you are experimenting so you might as well keep loses to a minimum. I’d suggest $100 risk per trade. So if your risk is 50 cents you trade 200 shares. If you keep the risk constant it’s easier to see if your trades pan out. When...
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    Please comment on my day trading plan

    Break even is OK How many of the trades that you take off for change of direction never get to breakeven but eventually reach your target? You might want to consider sizing your trades to amount of risk rather than % of capital. What % of trades are taken off because of direction change...
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    Please comment on my day trading plan

    Your plan calls for a 2 to 1 reward to risk Actual is 1.4 to 1 What is causing this?
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