I have read the course outline. It does seem pretty general. Do they focus more on day trading or on swing trading?
Iâd be interested in knowing what their top ten lists were. I see at the end of each segment of the course a 10 Laws for trading success and 10 Survival skill for a trader.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
Will Rogers
LOL :D
âBuy a stock and when it goes up sell it. If it doesnât go up sell it.ââ¦.Deaddog
Hereâs a hint: High momentum stocks that have decent fundies and have recently made new highs are more likely to gap up than they are to gap down. Throw that in your back testing software and see if it might give you a bit of an edge.
OK If itâs that important I have more that you. So what? It doesnât make me a better trader. By your performance Iâd say you were a far superior trader.
Why do I think you would be in the top 1%? Because taking 5k to just under a mil after paying tax even over a long time period...
Sorry about that. I donât feel that my account size or net worth adds anything to the discussion. I could give you a number but you probably wouldnât believe me.
I make 80% of my money on 20% of my trades. One good winner makes up for a lot of losers. I sell when the plan tells me to...
What do you want to know about my trading plan? It identifies my specific objectives. Gives me a method of scanning for stocks to trade. There is a list of technical criteria that must be met before a stock will be traded. Entries, exits and position size are determined based on those criteria...
Which I will try and answer to your satisfaction.
Yes I really trade. Mostly swing trading stocks. I have day traded stocks and the e-minis but found it took too much time. My education has come mainly from the school of hard knocks. Keep trying stuff and find what doesnât work and stop doing...
I will try and respond:
What kind of information did you expect? What the hell is âfluffâ?
Sounds to me like you did.:D
Whether you need to follow the media hype is a debateable point. Personally I donât but that is my choice and seems to work for me.
Did you want to be educated or...
Yes please translate. Thatâs a pretty general statement.
Please tell me what basic TA is? What indicators if any are you referring to?
How are you using them or how did OTA teach you to use them?
How do you utilize the media? What media in particular are you using?
Really AM when I...
When you say that it cost you tens of thousands of dollars, did you take losses of that amount of are you talking about money you could have made if you ignored what you were taught?
Got me there Bill, I donââ¬â¢t understand
Maybe youââ¬â¢d be so kind as to explain it.
Got you there. I understand starting capital. I also realize that one reason traders fail is being undercapitalized.
But what does starting capital have to do with risk/reward or the % of capital at...