Search results

The goal should be to follow the plan. You can have a good trade with a bad outcome.

That happens to me a lot!:rolleyes:

What works? Small losses and large profits; A process and the discipline to follow the process. Have you tried sharing your strategy here on ET? What it is and how you trade it. If you can't make it work maybe someone can help. When you say it doesn't work I assume you mean it doesn't work...

As long as you have 25k in cash and equities in your account the PDT rule doesn't apply. Rather than transfer I'd move cash. Sell in one account and deposit cash in the trading account then buy stock back. If you have a tax concern you can transfer in kind but be aware that there may be a time...

That's a marketable edge. Rather it's a marketable superpower.:D

That's a good rule although I don't know if you have to double or triple your money. I'd just say make sure you can be profitable in sym before you use real money. I'd also suggest trading the same size of account as you plan to trade when you go live. SLM have you managed to triple your sym...

Every trade I do has a possibility of losing. But I do many trades in a year and the probability is that the result of those many trades will be a profit. To me trading is a business not a gamble. Of course I have losing trades but that's part of the business. Owning a casino is a business.

It's semantics. I say there are no professional gamblers. There are professional poker players, professional black jack players, professional sports bettors and so on, but what they do they don't consider gambling. They consider it taking advantage of their edge.

Writing things down helps. You are more likely to do something you have committed to paper. Have a written plan so that you know exactly what you will do in every situation.

it boils down to know when you're wrong and know what to do about it.

I used a snipping tool; copy and paste

Where can I find this data?

It's not a lie; after you have spent the time and effort trading is easy and simple. When you begin you're just not aware of how easy and simple it is.

Profitable is staying above the zero line after all expenses. Successful on the other hand requires a little more context. I define successful as achieving a measurable goal.

That's what a good mentor does is help a person know where they really want to go.

In fairness to a canslim approach the ETF tracks the IDB index and is required to be invested in equities with a maximum cash position of 50%. The retail investor can take their losses and be 100% in cash in a down market. I'm not sure what the criteria is to be in the index or how often they...

Also keep in mind that a lot of the traders who place high in the North American trading competition are followers of Bill O'Neil. Minervini comes to mind. Buy the right stock at the right time, cut your losers quickly. How can you go wrong?

Depends on the vendor. I'm not one.

Overkill!! Poor rabbits. :)

CANGX Canslim growth fund doesn't outperform SPY.