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Sold my SPY 300 shares at 396.31. This rally isn’t all that strong advancing volume 70% of total volume not terrible but not overwhelming. So took a profit on my dumbass move. Bought Friday at $389.88. Back to wanting the market to drop. Until I buy SPY back in a moment of madness. #Don’tLookBack

I actually have not although a friend of mine does it to keep busy. That was a much more civil answer than my reflexes were telling me to give

We’ll I sold the QQQ at break even. Still holding SPY 6 point gain So now I’m only half dumbest trader. no plan here

sold 1/2 of MRK position @ 94.61. Moved stop on balance up to $92.00

Yeah probably semantics. I’m not interested in daytrading I’m happy to hold for a couple of weeks to a couple of months on tactical positions

Energy. pharma, materials. Most of my trades have been stopped out. I have a few positions on right now, (aside from my big buys of spy and qqq Friday, which I’m not considering part of this new trading thing. But they all have tight stops. Doubt I’ll put much more on for a while.

The way I size the few trades I’ve done, is I look at where my stop is, and the number of points that is my max loss per share divided by 1% of my trading capital determines how many shares I buy.

For sure

I sold my inverse (QID) on Friday afternoon, and put a bunch into SPY and QQQ. Not saying that’s smart. Just saying I did it. Maybe I get lucky, I’d probably sell if we opened higher. But after 7 straight down weeks, 8 for the Dow, I’d be hesitant to be short right now. But yeah, no matter what...

If my goal is. 20k a year, and my average win is 1k, and my win rate is 100% I onky need 20 trades a year. If my win rate is 25% and my average win is 5k and my average loss is 4K, I need a lot more trades (too lazy to do the math on scenario #2. ) I dunno. Right now, I feel like I trade when I...

If my goal is to make $20k a year, how many trades would I need to do

Just a guess, maybe 10 a month 15 a month. Hard to say I don’t really have a sense. Also depends on my win rate average gain loss

I know how to look at a chart and tell if a stock is trading above its moving average, I know to look at volume on the upside of the downside, I can tell from the chart when a stock is building a base or is extended from the break up, things like that if that’s what you mean. But I don’t have...

I probably spend 2 hours a day, Mostly on my iPad TOS Mobile. If I want to look at more detailed stuff ,I’ll go to laptop as far as entries, can’t answer, I just haven’t done that many trades. But I like to look at daily charts, 6 months, sometimes I’ll look at the intra day chart or 50 day...

Can't argue with that. Some can manage that on their own. Others can't. Those were my clients. I did planning for them too, though. With some clients, I honestly felt overpaid, with others, they werent paying me enough for what i did. If they became a pain in the ass, i fired them.

Good food for thought. I don't mix LT with trading, ever. Separate money. I don't think I'll ever quit. (well, i guess never say never). I think i can figure this out, once my discipline is under control

Now THAT is profound LOLOL. A more serious response, it was just a rant, needed to get it off my chest and call my own attention to the fact that i need to be more disciplined and that sometimes its better to just sit on my hands. Thats all. Nothing more, nothing less. I am, if nothing else...

I enjoy market action. I enjoy looking at charts. More important, i enjoy learning. It was one of the reasons i was successful as an Advisor. Trading/learning to trade/looking at the market on a daily basis keeps me engaged and keeps my brain working. Right there are enough reasons for me to...

yeah, well, I was pretty clear and transparent about that, Captain Obvious.

Agree with this. I see the opportunity in front of me. I consider myself a retail trader. The variable is how many retail traders will put in the work to take advantage of the opportunity.