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Pretty well true for every set-up. :)

I don't know about forex. Futures are OK taxed as Cap Gains.

I'm a long side trader for the most part. (Canadian tax laws tax short sales as income)I play the short side with inverse ETFs. I'm not concerned about asset classes. I scan for stocks with certain price and volume criteria that are in an uptrend. I also scan for stocks, that meet certain...

By increasing size. Once I developed an edge I increased my risk on each trade. I started risking less than 1/2% of account size per trade and slowly increased it to 2%. This has quadrupled my return. I swing trade stocks, usually make 100 to 150 trades per year.(2 to 3 trades per week)...

Even the simplest methods "WorK". Most traders don't have the discipline to take the drawdowns that are part of the methods. It simply comes down to cutting your losses and letting your winners run.

How do you know where the low is?:)

The charts explain what you did. Can you explain why? What prompted the entries and exits?

I wondered if we were talking about the same thing. I have an excel spreadsheet that I input entry, stop and target price into. It mainly calculates Risk/Reward ratios and position size. It also calculates other numbers of interest to me. Dollar amounts and percentages along with Capital at...

Are you willing to share yours?

Determine what you are doing wrong. Stop doing it!!!

RET: what does it mean? I know it will be simple and I'll probably get a headache when I bang my forehead when you explain it.:)

If you don’t know where you are going, how will you know when you get there?

I don’t have any idea what price will do next. What I can tell you is what I will do. I can have a scenario where I will buy or sell or stand aside in reaction to what the market does next. Regardless of what decision I make, I will have an exit strategy that defines my risk and protects my...

That's a start.

What you read is not what I meant. It is not long or short that concerns me. It is the risk reward ratio.

By flipping a coin you are not predictive.

Yes I do. I don't feel the risk is worth the possible reward. The moves down are usually greater than the moves up.

Pick a stock or whatever market you like to trade. Pick a time frame. Make your trade in the middle of a price bar. (5 minute bars make your trade at 2 ½ minute into the bar) Flip a coin. Heads you go long, tail you go short. If you are in a loss position at the end of the bar. Sell...

Don't take a swing trade into earnings announcements.

Just discovered your thread. Good stuff I hope you'll continue into the next year. DD