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Did you actually spend 10 years without an income? Did you set out to be a full time trader?

Can you explain opportunity cost? Is that the trades I could have made but didn't?

You could have sold anyone of those stocks for a small loss when they started to collapse. It might be wise to develope a strategy to control risk.

There shouldn't be any thinking involved. Either you have more money than you started with or you don't. Mind you there are a few who are planning to be profitable. :rolleyes:

It's old news Too many Ads

How do you measure success in trading? Using that metric, what percentage of your students/customers become successful?

Well worth the read. You have to figure out what it is that you are afraid of that prevents you from doing what you know you should. A trader has to know and be honest with himself.

It seems to be quite a common problem; I know what I should do but I can't make myself do it. I wonder if that's why there are so few successful traders.

It's only the number one export in the winter months, and only in states that border the Mexican border. Really how do you export housing?

A simple check list might help. Don't take a trade until all items on the list have been checked off.

I agree that entry point is very important. Mine are usually around all time highs, or at least 52 week highs. Energy stocks have been good; about the only thing that meets my criteria of making new highs. I tend to wait for the strenght. For the most part I don't park money in stocks. It's...

Will Rogers said; "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". I added; "If it goes down get rid of it". I swing trade individual stocks. I don't look at fundamentals or care what the company does...

But what are the probabilities Mr p held on to them after they doubled or started to fall.

The only similarity to Bre X is that investors all had the opportunity to get out at the top. So did bitcoin investors. Oh yeah; If you were lucky enough to have shares issued you now have something you can show your grandchildren and explain the lesson you learned. You won't have that with...

I do. And we are probably trading/investing in the same area. You and the fundamentalists because ot whatever news and data you use and me because all the interest caused by fundamentalists is moving the price up.

A good trade usually takes off right off the bat. The ones that cost you a lot start off with a small loss and get bigger. Theupside of taking small losses is you never take a big loss. Rather than FOMO is suffer from FOLC (Fear Of Lossing Capital) If you start to experience a bunch of small...

Why not?

You get a thumbs up from me.:D :thumbsup::thumbsup::thumbsup::thumbsup:

Try a 200 day ma cross.

A chart will show me what price has done in the past. The market (investors) react to fundamental data by changing the price they are willing to pay for securities. A chart gives me a visually pleasing way to see how price is reacting to whatever fundamentals are available. I can make my...