Search results

Enter and place well in the United States Investing Championship.

I used to think about it that way. Then I asked myself why I was trading/investing. The answer seemed simple enough, to make money, to increase my wealth and to be able to fund my lifestyle. It turned out that by having a well diversified portfolio I was underperforming the index ETFs. I had...

Although I don't day trade, I find the best time is when I get the set-up that I've planned to trade.

How about 3 or 4? Max 10 any more than that is too much. Just shows you don't have confidence in what you are doing.

Could it be overdiversification?

Are you outperforming SPY

What is your limit? Do you rebalance when the limit is exceeded?

Bears don't give a shit who owns the land. Got Blacks and Grizzlies wandering through my back yard. Like the market if your not paying attention a bear could come out of nowhere.

%% Oh Canada isn't really all that bad, at least in the rural areas. :)

Self control. Every trader is different. Each has developed an effective strategy that fits their personality and have the discipline to follow that strategy.

You don't have to know why. There is no possible way for you to know exactly why. Investors/traders love a story but it's usually in hindsight. The real reason markets move is supply and demand. Don't focus on why. Focus on what you can control.

That's dated 2017. A recession or a bear market is not necessarily a financial crisis. A financial crisis is if I blow up my account. And I don't believe that will happen but then I'm overconfident.

Mortgage on a place you already own or are you planning on buying a place and have a down payment. You will have problems getting a mortgage with a decent rate if you can't show an income stream. The lender wants to know how you intend to pay the loan back.

Do you have a checklist you run through before you enter a trade? Is it written or just in your head? On your UVXY trade, what is your exit strategy? The last couple times it closed down it just kept going down.

Not sure how that helps. Stop outs are a normal part of trading. You didn't do anything wrong being stopped out, nor should you consider it a bad trade. If you followed your plan and got stopped out, that should be considered a good trade with a bad outcome. If you ignored your stop because of...

All conjecture. I guess we will never know for sure unless @KCalhoun addresses the question.

Yep%%% That certainly answers my question%%%:sneaky::D:D

That doesn't answer the question why he broke the rules. What emotion makes an experienced trader ignore his own well thought out rules.

Why? What causes a disciplined(?) trader to break his rules?

Stop looking at each trade as a winner or loser. Measure your success by whether you follow your plan or not. If you have an edge the money will follow.