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Trade remorse - classic causes: Trading way to big. Not planning your trades well in advance. Not having a trading plan defining your setups,trade frequency, & risk/trade mgmt. Great comment from one of the best:

He's an elderly hippie-looking male, who looks like he doesn't come from a business/finance background or have any experience in these areas. Really, judging traders based on their looks now? Besides he is clean cut. Hippies are fiercely independent, not fear/greed driven, creative, patient...

In those rare events like big panics at bear bottoms where a base is forming I am going to take a few shots at layering into a position with more size and more risk, up to 2% of my capital - anymore could be the road to ruin. I will use smaller size probes in attempts to get a profit buffer...

How about I got to know a dude through a common sport, on a beautiful beach on Maui, where meeting people, including plenty of gorgeous, happy, surfy girls in bikinis is routine, like the friendly girl from Brazil that was chatty while sharing the shower the other day or the many people...

Trading is pretty easy, it does not have to be overly complicated - in fact simplicity seems to work better anyway. You could teach a 6th grader how to trend trade and they could do as good as most with a little training. I meet a guy at my surf spot that is a plastic surgeon - he can get a...

From an article: http://www.lonestocktrader.com/make-money-trading-positive-expectancy/ The truth is that the very best traders out there are right only about 50% of the time or less: William O’Neil, Mark Minervini, Peter Brandt, Bill Lipschultz, Colm O’Shea, Ray Dalio, Bruce Kovner, etc…...

I always scale in/out - it is at the core of my risk/trade mgmt. It allows me to keep my losing trades to be significantly smaller than my winning trades - like risking .30 BPs to make 500-2,000 Bps - now that's skewing R/R in your favor. Scaling allows me to engaged in the market with a lot...

Sounds like what Peter Brandt does Your onto me. Peter B. has diffidently been a major influence on refining my trading - so has Mark Minervini, he also looks for the 4-26 week patterns. In some cases I will take setups shorter or longer than 4-26 weeks if I don't to have to much on my plate...

Swing trader - breakout/momo on futures, stocks/ETF's, & Forex from classic chart patterns (4-26 weeks long) with a focus on risk/trade mgmt. I am very happy with it.

agreed - in some of the studies they count a successful day trader as someone that can sustain themselves for a year or two, I would bet the majority of them don't make it past 5 years. So yea, 1% works for me.

Would you be concerned when a system that produced 20% profit a month suddenly dropped to only 15%? No - because if those kind of returns could be sustainable you would be one of the richest people on the planet.

I would think that most scalpers are the scalped. The days of trading against another human are long gone. Yea, I know there are some DOM click traders killing it - I would think they are very few and far between.

Advice - I want to Day Trade / Career Note how you did not say I want a sustainable career in trading with a decent income. Anyone can day trade - only about 1-4% of them can make a living from it. Every trader I knew that did well first had a career for many years and was a disciplined saver...

Win rate has virtually no bearing to a traders profits. You can have a high win rate and still lose a lot of $ - you can have a low win rate and make a lot of $. It's all about risk/trade mgmt. Many of the best swing traders on an average year will have about 10% of their trades account for...

Shkreli is loving what this trial has done for him - he is optimistic that any prison sentence will propel his wealth & fame into the stratosphere. He even likes the idea of chilling in prison for a while to better focus on getting work done Man, I always thought the Brooklyn boys were tough...

I recognize what you are doing being a TradeStaion user myself - This is a $100 per month entry signal indicator called 'Better Momentum'. Am I right? http://emini-watch.com/trading-indicators/momentum-indicator/

No, wouldn't give him $ to invest knowing he trades like most newer traders do. He claimed his hourly pay was on par with working at Starbucks. Managing OPM is not something I would ever want to do - to darn easy to get in a hole and justify robbing Peter to pay Paul.

Shkreli is a modern day folk hero. I wish I got defrauded by him - would have been nice to have made 3X-5X my original investment .

To date - by far my largest gains have been on instinct trades spanning 2 decades. I don't get them that often, 0-3 times per year. These trades I always pull the trigger and layer in big, using risk mgmt. Most of my trading is very conservative rules based with good risk mgmt. A real good...

I will not trade unless my journal has well thought out trades well in advance of pulling the trigger. The charts are how I evaluate the markets, the journal is where I evaluate myself. I track everything related to my trading in my journal - it is like my own personal book on how to trade...