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%%% Poor bears/// Hunted by a turtle//How embearassing %% LOL

%%%You know what they say about letting the tax tail wag the investment dog!!!

Max Gunther (Zurich Axioms)

You can't win if you don't bet. You can't bet if you lose all your money.

It's important that your trading style fits your personality. You'll have to decide if you want to change your trading style or your personality. One of the reasons traders fail is unrealistic expectations. I'm not saying you can't make 60k with a 50k account. (I know I can't) Most...

Why day trading? What broker are you with. (Commission cost?) Do you have a written trading plan?

20 bucks to the Red Cross is acceptable and not really painful. Handing a 100 bucks to a complete stranger is painful. Even better would be to give it to someone you don't like. :)

Pain works. Keep track of the times you break the rules, then after trading go out on the street and give a stranger a 100 dollar bill for every time you broke the rules. I'll bet by the end of the week you won't be breaking the rules. LOL: you're an addict!! What's with the "or"? You come up...

They (who ever they are) say that you can't worry about the money. I have got to the point where I'm no longer looking at the cash. I'm looking at percentage gains. Not on each individual trade but on the portfolio. At the end of the week I look at what percent I have gained or lost and...

What do you consider long term. For a daytrader it might be a week, for a swing trader a month to a year. I hold stocks until the trend changes, sometimes up to 5 years. But buying and holding and ignoring what the market is doing isn't in the cards.

Why do you feel that tight stops reduce stress? I'm assuming that you would get a lot more whipsaws.

I'm surprised that at least one of my holdings didn't show up. Also of the 4 that did show up 2 of them were not making all time highs. TFII near the end of Jan 2021 should have met the criteria you put in. I have trouble explaining exactly how I interpret charts. For instance above average...

I stumbled across this looking for a different title: Haven't read the book but sounds like what you are looking for. Amazon.com: THE 12% SOLUTION: Earn A 12% Average Annual Return On Your Money, Beating The S&P 500, Mad Money’s Jim Cramer, And 99% Of All Mutual Fund Managers… By Making 2-4...

But isn't 1% of the account a dollar amount? Where the stop is placed in relation to the entry is what determines the position size. If you trade a fixed number of shares each trade then your stop amount will vary.

1/2% to 1% of my account.

Damn!! Here I thought my success was because I followed my rules. :) I'll agree I bend the rules a bit when a stock is showing a profit but my entry criteria and stops are pretty firm. Not sure what other info is floating around in my subconscious but I adhere to a pretty strict set of rules on...

Guess you're right I'm just lucky. What stocks showed up? My holding at the moment are BMO, TFII, CTS, POW, & SMU.un All trading on TSX.

Go ahead. Canadian market. Stocks breaking out of consolidation to a new high on above average volume. Risk 1% of the portfolio per trade. (Position size is 1% of the portfolio divided by the difference between the entry and the stop). There is no set formula for where the stop is located but...

Not sure what other basis I'm using. All I'm looking for is unusual price movement on unusual volume. I then look at different time frames and make a decision on where it might be best to enter a trade. I'm not looking at any fundamentals. I have a risk control process to protect capital. It...