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For me anyway, I look to hold a position usually, anywhere from 3 days to 10 days. Most of the time, I close my trade long before it reaches 10 days unless, the stock is still trending strongly in my favor. I look to price action to tell me to exit or stay in.

Was merely making a comment on indicators and that seasonality approach to trading. Other than the 7 day trial. I have not used that trading system. My risk management rules will prevent me from violating my appropriate position side per trade. My swing trading is based on candlesticks...

I am not modifying indicators but, made changes to my money management part of my trading system. Actually, I use only indicators as a guide. My decision on a trade is based on the stockchart, price actions, candlesticks, support and resistance. That is all I use now.

I get what you are saying. Trying to keep an open mind and look at different things. Now, I am primarily a swing trader who looks at stockcharts, candlesticks and price action to determine how best to trade a stock. I took a 7 day trial on that trading system and I was not really sold on it...

Of course, there is no guarantee but, the way it is structured is say XYZ stock typically has huge earnings say every May of each year on average and goes up 50%. Say the occurence happens 6 out of the last 8 years in the sample. No guarantee it will happen this year although, it may happen...

Sorry, OptionsOptionsOptions already put up the result much more clearly.

You sold an option for $2700 cash, bought a put option as protection on the lower strike which expired worthless costing you $800. That gives you a net on the proceeds of $1900. However, you are required to buy 100 share of ABC at $125 even though, the current price is only $110. You lost $1500...

There are some half decent ones out there that use stockcharts of past years on the same stock and look for patterns and trade those. Now, that is intriguing and may work to a degree. Of course, it is not going to be 100% accurate. Still more decent than majority of stock system sellers peddling...

You got that right. Some selling trading systems give you their settings on indicators with the promise you will make millions after charging you thousands. Those indicators are free in most charts. And the settings, you can actually, use the default settings and probably, work as good!

Teaching someone new to trading the mechanics of trading is pretty simple enough and they could grasp it in a few minutes. Say, trend following buy the new high on stock XYZ for instance. If the previous high was $50.00, as soon as it hits $50.01, you buy the stock. However, the other parts of...

You have certainly, the right to your opinion as I have to mine. I only responded because you responded to my post.

Chinese stocks in Hongkong are traded mostly, by Chinese. Of course, you have the positive bias. Today, Chinese stocks were being hammered in the end in the US. I ended up shorting a couple seeing the weakness and panic selling. You ignore price action at your peril. If a stock you expect to go...

I guess the hardest thing for most people is losing weight, me included. Have been going to the Gym more regularly now, around 3 times a week but, want to work on my diet. Have been doing my utmost to add more vegetables and fruits. So far, trying to lose weight and stepping on the scale, I seem...

You have to develop your own trading system. Even if you bought a trading system, you will fail! The obvious reason is your biases and there will be many of them, will prevent you from following the rules of that trading system. So, develop your own and pick a time frame to trade. You cannot be...

Chinese stocks being hammered strongly today. Shorted a couple of them. Some crazy amateur traders just jumping in with both feet and eyes closed. They are in for a rude surprise tomorrow! Got huge haircuts today. US tariffs will destroy Chinese companies if Xi Jinping does not strike a deal...

Keep your job and trade part time. That is the best way for you in my opinion. Later on, if you are able to trade for larger profits then, you can revisit and maybe, change your mind.

Inside trading has been going for a while, in Congress. 60 minutes covered inside trading by members of Congress including, Pelosi and Republicans. They were buying stock in businesses with matters before Congress. Pelosi and other politicians said they did nothing wrong. SEC did not even...

President Trump is not perfect but, I will take him over Clinton, Bush Sr, GW Bush, Carter, Obama and even Reagan. The $18 trillion deficit we was run up by the past US Presidents! Trump was not even in the Whitehouse then. Do you really think the past US Presidents were good for the US? Ronald...

Timothy Sykes and other day traders try to shoot for a $500.00 per day goal. If you do that each trading day, you can expect to make six figures atleast! That is what they say. They probably are right about it too. I do not see any reason for the day traders to lie on that issue. You are...

Contrary to claims the illegal immigration is a victimless crime. It isn't! These victims and their families know that! https://www.fairus.org/issue/illegal-immigration/examples-serious-crimes-illegal-aliens