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The tech wreck 2000ish was my wake-up call. Changed from buy and hold to trader and managed to avoid every major down turn since then. Long only or cash.

For sure... Canada too!! I find it hard to believe that Europe is different. Your polititions aren't bought and paid for?

This is getting political but the candidates who run for office are financed by the wealthy. The elected leaders are responsible to those who paid to get them elected. The People only think they have a choice. It's an illusion!

I have the same experience although I did find that my salary increases were kind of tied to the union agreements. Usually a little better but I doubt the company would have paid us as well if not for the union negotiations.

Looking back what was the difference between your demo trading and real time trading?

I agree you should (key word here is should) get a positive return. The reason for that is that the S&P index kicks out the losers and adds the new winners. But every so often your liquid net worth gets cut in half as the market sells off. I didn't like that so I changed from being a long term...

That doesn't change the fact that Canada has legislation that discourages foreign buyers.

What do you consider a drawdown? In a 20 year time period I would expect several drawdowns. I would also expect an investment in a market ETF to be higher. Although it might be quite a rollercoaster ride to get there. Not so much with individual stocks.

Point taken. I would never buy and hold. I'm longer term than you and don't mind holding until the trend changes. One thing to consider is what kind of drawdown you are now experiencing. Take a look at your worst drawdown and extrapolate that to if you had of been trading NQ. Although QQQ and...

The 'Why" doesn't matter after the fact. Will you feel better about a loss if you know the reason? If the stock fell it means that there was no demand and you had to lower your price to find a buyer. It jumped back up as soon as you sold because every exchange in the country was tracking your...

And it's FREE!! From an anonymous source on the interweb!! :)

There's your emotion at play. Is that a risk you can control? If it's out of your control, learn to live with it. Do you worry about all the stocks you don't own that are making huge gains. I don't. What I did do was hold on to a stock that had huge gains until it was a loser. But only once.

Hey SML I know that so I make a point of not doing that. I keep telling wannabe traders to figure out what causes you to lose money and then stop doing that stuff. Sound stupid but it works!!

Yet you said "My personality does not allow me to invest over years time. I don’t have that kind of patience. I want to get a return of some kind every few days. So day-trading I guess." I take it you mean that you don't like the roller coaster ride that buy and hold tends to give you. You need...

Now that is hard to do and for the following reason: When you die, you are dead, you don't know you are dead and don't feel any pain. It's the people that care about you and the people that you know that feel the pain and suffer. It's the same when your stupid!!!

I cut my losses where I planned to cut them. What the stock does after that doesn't reall matter to me. The times a stock goes back up are balanced by the times they keep going down. Over the years the reason I took big losses was because I didn't take small losses.

The lesson is that when a stock doesn't do what you expect it to do, take your money and run. You can't control what the stock does, you only control what you do. It's easier to hold stocks when they do what you want them to do. To add to your frustration some morning you will wake up to find...

Hope!! Hoping the market is wrong. FOMO!! Fear that as soon as I sell the market will turn. It stopped because I now focus on the process that has a proven edge.

Cut your losses!! Cut your losses!! Cut your losses!!

If that's the case then interest rates are not the problem. If the interest rates get high enough that the institutions stop buying real estate then the price will drop. If as an investor you can get a risk free rate then you turn your apartment into condos.