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Stress comes from not knowing what to do. If you have a well thought out plan before you enter the trade outlining how you will react to every possible situation there is no stress, only process.

I buy stocks that are trending upwards and sell them when they break the trend. We've had this discussion before. All the information a trader need is in the charts.

Fear and greed run the market. :D

You can automate the entry and exits. Takes the decision making out of the equation in the heat of the moment.

I found it's about the same. Just less time in front of a monitor and less stress.

The reason it is less stressful, for me at least, is that I have longer to make decisions. Most can be made when the market is closed. As for a trade taking weeks, who gives a shit as long as your returns are the same? I'm doing this to make money, not to keep busy.

I switched to swing trading. Much less stress.

I'd answer that but I read somewhere a rhetorical question doesn't need an answer.:sneaky:

I believe you said it; losses are inevitable. Trust your plan! Follow your plan. Somewhere in your plan is (should be) a process to follow when you hit a certain drawdown. It's at that point you have to consider that it might be the plan that is faulty, not the trader.

Gotta admit he has had a pretty long lucky streak. At any rate I didn't expect you to change what you're doing now. Why change what's working.

How the hell do I know? Probably to discourage pikers. He also gets paid to write books. Thing is with the investing championship you have to put up your own money , so the guy is the real deal. From what I gather he has fairly tight risk control so I wouldn't consider him buy and hold. A...

As far as I know he is leading this years contest. You can google it.

What do you expect from a trading buddy or mentor?

Decent fundamentals make it much easier to find a greater fool when it comes time to sell.

IEC

More info please. Is he looking for a steady income or does he want a 12% per year compounded return? Are we talking a million dollar account looking for 10k a month or a 325k account that he wants to turn into a million in 10 years. Is he willing to trade the account or is he looking for a...

OK i'll buy that. What about skill?

One is luck, albeit bad luck; Unless you're trying to get hit by lightning then a lifeguard tower is a good place to be. The other is skill.

As far as I know. You can google for 6 month results.