Search results

You'll get out of it what you put ito it. The more information about your trades will get more comments from the forum. Why you picked that particular stock? Where are your exits? Why there? Emotions?

The only thing I would suggest is that you trade the same amount you plan to trade when you go live.

So a bitcoin miner is going to move out to the oil patch and set up camp. Doesn't he need internet access. What about social life or can this all be done remotely.

Oops!! Somehow I thought it was you that was reading it. Wrong again. One of my super powers.:banghead:

Up here in the Frozen North they throw food away because the health regulations won't allow them to give it away. There has to be some kind of civilization close to where they are flaring. I'll bet there is some kind of regulation or subsidy or monopoly that prevents producing cheap power.

But it is a source of power. If it can power bitcoin miners it should be able to power other industries. Seems a waste to flare it when it can be put to some kind of use.

Looks like you go through a few books a week. Are you picking up anything you didn't already know? What was you final take on the Taoist Trader?

Every position has a stop in place to protect capital. This strategy kept me out of the 2008 and 2020 drawdowns.

In fairness you said experiened traders, not successful trader. I doubt there are too many successful traders without some process for managing positions. I too am surprised at the number of traders that feel they do not need a plan. They follow Will Rogers; "Buy a stock and when it goes up...

What do you mean by position management?

LOL I've been blocked or ignored by KC. Now I'll never know what to short!!:D:D

The problem with visualization is that you see what you want to see, not what is actually going on.

He makes his money working the moneyshow circiut and selling How to Trade stuff. He says he can't publish results but I beleive he is allowed to, as long as he can prove they are legit. Too bad you blocked him, I enjoyed the back and forth, great entertainment value.

Jeez That's harsh! Trolling has such negative connotations. Keeping you on your toes is more like it. Holding you responsible for your own actions. Trying to help you by showing you the error of your ways. Nine is concerned about your financial well being. He is one of your biggest supporters...

Not really. Didn't meet my buy criteria. I've got to the point where I hardly waste any mental capital worrying about shoulda, coulda etc. I follow a process that protects my capital while allowing the opportunity to capitalize on a rising market. Not worried about retirement amounts, I'm retired.

But what if you are wrong?

I hope you're right and i wish you the best of luck. I'm not anti Tesla, I'm pro some sort of risk control. I get it with risk comes reward. You take more than I'm willing to so maybe I'm just jealous. :)

Ah Rub it in. The market sometimes rewards bad behavior. Next time you'll hold on a little longer. .

If your stop is 18.5 and you are looking for R/R of 2/1 then double your entry minus your stop for your initial target. Enter at 20 stop at 18.5 = initial target of 23 Move your stop up as price increases.

I guess it depends on how you want to spend your time. I went the other way from day trading to swing trading.(Stocks, long only) I found it to be less stressful. I make decisions when the market is closed. I didn't keep good enough records to really compare the two but my returns are about the...