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What impresses me about 17 losses in a row is that he seems to have stayed with his system. I know when I had numerous losses I would always take the next set-up because you never know when you'll have your next winner. We'll have to see if he even enters the contest this year. I agree that...

I read it as a 44% drawdown in June after a couple of pretty good gains, not 44% from his starting capital. Drawdown is usually measured from the account high to the swing low.

17 losses in a row isn't a big deal for a day trader as long as they are small losses. The article never mentioned how many trades he took over the year. When I was day trading I think my record was 19 in a row and I didn't have a 44% drawdown. It would have been nice to see the win loss...

What not to do is exactly what traders should prioritize. Instead the focus on making their millions

12% Solution by David Allen Carter.

At what age can you still afford to lose all your money? The question should be are you trading for a living. I retired/quit working at 55 and have been trading to fund my lifestyle since then. I cannot afford to blow up my account!! If I had retired with a decent pension then trading could be a...

It may seem counterintuative but they take a lot of small losses.

Got it. It makes perfect sense when you look at it that way. Thanks for taking the time to explain.. Nice trade in ZM.

Where I'm confused is 2/3 of a position is greater than 5/8 of a position. 16/24 vs 15/24. Also confusing is "An allocation is 25k up to 8"

Investors buy assets Traders speculate on the price of those assets.

Why haven't you been able to make money every month?

Thats only true if you risk 1% of your account per trade.

An investor is a trader who is underwater and doesn't want to take a loss.

If you really wanted to be progressive you pass a law along the idea put forth by Buffet; “You could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection," "Now...

How did we get there? On you position size, is a full position a certain percentage of your portfolio or does it have to do with the percent of the portfolio at risk?

I take from the wording that although it is possible it is not something you have achieved.

Can you give an example of the first buy signal and why there wouldn't be a second one when the price came back to 50.

Any target or stops on these trades?

What value does it have? It's a method of moving money around. Will it replace fiat, I doubt it as it needs fiat to be of any value. Is it a hedge against inflation? Ask the guys who bought it at the top. Is it something you can trade? You bet, just have a method of bailing when the bubble bursts.

Chinese-owned BYD overtakes Tesla as world’s largest maker of purely electric vehicles (msn.com)