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I'm very surprised to hear that someone that started out trading a very mechanical, quantified strategy is now promoting gut-feel and intuition. What success I have had over the last several years is entirely due to ignoring my intuition and feelings, which more often than not get me into...

I suggest you take a look at how the Turtles Traded multiple markets: https://www.bsp-capital.com/documents/turtlerules.pdf This specific issue is addressed and this is how they handled:

Who says you can't? Not something I would do for moral reasons but obviously that doesn't stop everybody.

How this is legal I don't know but promotional newsletters, e-mails, mailers, etc. all carry a required SEC disclaimer. The disclaimer essentially warns you that they are paid to promote the stock, that their promotion is not a promotion or even a recommendation, that their information was all...

Consistent profits are made by having more winning trades than losing trades and/or having bigger winning trades than losing trades. Since you haven't defined any clear entry that gives you an advantage, off the bat you have to expect at least as many losers as winners. Since you are looking...

After seeing your results swing trading, your account size, as well as your reasons for wanting to daytrade, I side with those suggesting you continue to swing trade. I considered adding a day trading strategy to my swing/position trading but finally decided why bother? What I do is so much...

Hi, You know there are ways to trade without quitting your job. I trade stocks with hold times from days to weeks based on end of day data. I spend about 5 hours per week running my screens, entering my trades, and recording my results. I spend more time on research but that can be done...

I very much agree with the advice to pay down debt. Having no debt takes a lot of pressure off, and lowers your income needs. And if you are really making $5 to $10K consistently, paying down debt and growing your trading account should be easy enough to do over a couple years at most. I...

In my simulations this is considered, and a key measurement that I use is %gain/stock/day. I seek to maximize this number. In general I find it is pretty much a wash between cutting the loss after x days on the losing position or just waiting for my normal exit signal.

Many if not most otc stocks are penny stocks and many if not most penny stocks are otc stocks. They are similar. The stock trades about $1.4M per day over the past couple months. Assuming you can take a position of 1 to 2% of the daily average $ volume without pushing the price (generally one...

I think your odds of success are similar to buying lottery tickets. You should put less weight on the fundamentals because they are not as reliable. Yes, liquidity is an issue, I've been caught in a position where the spread went to 25%. 25%! It's tough to profit when you have to give up...

In my mean reversion strategies I sell strength and buy weakness. Don't think I want to get more specific than that in an open forum but I might by PM. I was influenced by Larry Connors but set my exit rules based on my own testing. I would love to use a simple method such as a stop to limit...

Not necessarily. http://epchan.blogspot.com/2009/06/my-interview-stop-loss-and-principle-of.html http://www.tradingmarkets.com/stocks/commentary/best-of-the-battle-plan-stops-hurt-951402.html

What is your typical hold time? My typical hold time is only a few days but I also trade a couple long strategies that typically hold a few weeks and I have been working on some strategies that will be easier to trade and I'm starting to get hold times measured in months now. Seems like...

My wife is an experienced accountant. She started looking for an accounting position almost 2 years ago and still hasn't landed one. All the while Yahoo! has listed Accountant as one of the jobs currently in demand. I know I'm biased but that the many companies she's applied to and the few...

LOL. Well I expect to do my part and buy the big screen TV this year. But not sure that will help many folks here, most are made overseas these days.

I feel for the people my age with nothing to fall back on, especially those in the situation due to unfortunate circumstances. But it is not thru luck that I have options. I don't have a huge home, fancy cars, phones, or even a big screen TV, but I also have savings and no debt. I was...

Ok, here's a suggestion. Why not focus on what you do well (swing trading where you were making money) rather then day trading, where you were losing money? I have dabbled at day trading and frankly I suck at it. I had considered trying to spend more time to try to improve my results but I am...

I'm surprised that in a trading forum I have yet to see any mention of turning to trading professionally. I've been working on my trading skills for some time and for the last couple years I have been achieving consistent results that can now replace much of my income (and growing while I'm...

There is no right answer to this question, it is dependent on the person's risk tolerance, account size, etc. I consider 20% the maximum I would tolerate (and I have hit this in the past) but my goal is to stay under 10% and I have for some time now.