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Where is your risk control? You shouldn't see a huge crash in any stock but you might. In a bear market pretty well everything tanks. You are relying on your fundamental analysis, is it better than the institutions who get caught every so often? Gotta remember GAAP allows accountants a lot of...

You are doing very well. I'm not clear on how you are defining risk? Is that 5% of your trading account? Is 1.3% the Total realized gains / number of days traded? How many days did you use in your calculation to come up with 1.3%

Are you actually achieving 1.3% per day or is this just theoretically? I also have done both and found that swing trading was just as profitable without the stress of sitting in front of a monitor all day. I'm happy with anything over 20% per year.

What are your retirement plans if you don't quit now?

I agree Risk it all sounds more like a gambler. I'm quite willing to hold on for huge profits but I see no reason to risk it all. I maintain that the difference between a gambler and a speculator is prudent risk management.

(chuckle) I refer to myself as a speculator. I move in and out of the market speculating on the price movement of assets that investors invest in. What makes me a speculator is that I might hold for the long term as long as the asset price moves in my direction. I'm a risk adverse speculator...

In a way it is, I rebalance more often than the index, don't have the diversification and don't suffer the drawdowns. For the most part I outperform the index.

True but if you added a grand a year you'd have your million.

30% is a brutal drawdown. You have to get 42% just to break even. That takes time to recover and like they say time is money. One of the reasons I'm a trader is that I didn't like the drawdowns and having to wait for things to turn around. I made the decision not to hold losers in my...

Not sure what hill you're referring to but mine gets steeper ever year. :) I'm not older than dirt but I know the guy who invented it. :)

LOL; I trade equities.(long only) Very rarely use margin. Number one priority is capital preservation. Happy with 20% a year. Trades have to prove themselves high conviction trades, then I'll add. It's easy to avoid large drawdowns, don't hold trades that move againts you. Don't let the...

Not to worry. I trade my own capital. I control risk with a loss limit per trade but not overall drawdown. Haven't had a drawdown greater than 10% in years.

Not sure how you can set a max drawdown. What happens when you reach or exceed that point?

You could look at the sport of ball hunting. Some people call it Golf. A great waste of time. You can waste a whole day if you spend enough time on the 19th hole. Very similar to trading. You play the same course every day, attempt the same shots and get different results. Just when you think...

Or you could put yourself on probation, have to explain every trade to the boss. Look over your own shoulder and keep asking, why the hell are you doing that. If you can't explain why then you should probably be fired. :( (some people are not cut out to be day traders)

It sounds better if you refer to it as a home based business rather than a job. That way you can always blame the trader, and as owner of the business you can replace him with a better one. :)

LOL!! Fear and Greed raising their ugly heads. What does your plan tell you to do.

I'm not older than dirt , but I know the guy who invented it. :)

LOL I shouldn't talk because I don't live there, but have you seen who's running the country? I don't care which party just that no one seems concerned about spending. Not any better here in the frozen north.

We tend to do that. You have to ask yourself what was so important about $25 that you missed an opportunity to ride a winner? On the bright side opportunity lost, no money. Well except for the initail stop loss. :)