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Of course I have capital restraints. I'm a retail trader. I'd think I'm fairly well capitalized. I limit my position size by risking 1% or less on anyone position but I have no limit on the position size as a percentage of the total portfolio. At one time before 2020 one position was over 50%...

There you've lost me with semantics again. I don't know what a regime change is. I watch price and when it starts to trend down, I exit the trade. I have a system. I pick stocks that are rising in price on volume (how is that for filter). My robust risk management is not to hold losers.(I don't...

I'll wager that more times than not the problem is the trader not the plan.

At least you have narrowed the problem. One thing I found that helped is writing the plan down; committing it to paper; for what ever reason you are more likely to do something if it is written down. Judge your success on whether you followed your plan or not.

It depends on price and volume and the direction of the market in general. It gets wider as the stock advances. Swing lows to start with, then a break of the fifty day moving average and finally the 30 week MA. I look to take a bite out of the middle of a move, so it really depends on how...

When a stock runs hot is the time to take advantage of the opportunity it presents. When a stock runs cold I could be tying up my capital until it runs hot. Nine days!! I don't like to leave it in the pot that long.

I wish I could trade on hindsight. Next best thing is to go with the flow. Sure every stock has a correction but with my cloudy crystal ball I don't know when the correction will be over. I just trail stops and go to cash. Every so often I catch a runner. I don't need that many in a year.

That's what I've been saying all along. Buy stocks that go up!! Don't hold losers in your portfolio. Why do I need to know anything else? KISS

Don't trade futures. No edge I can ascertain. Canadian tax laws a little different. Doesn't matter what holding period for stocks (except day trading which is considered a business). I buy stocks that are rising in price and continue to hold until the trend changes. Don't hold losers in the...

That's excellent! Is "long term" a buy and hold strategy or a hold until the trend changes strategy?

How about some context. How much is your portfolio up? And why up so little; both those stocks have had a good run since April 2020.

Again as long as I'm making money, the objective of my trading, I don't need to know how many exchanges there are. As for saying something stupid/ignorant that's one of my super powers.:D

I'm saying skill. I've been doing this since 2002. The reason I'm saying skill is because I could lose money on purpose if I didn't follow my system. But it could be luck and I'm overconfident. The next 20 years will tell. It's not impossible to flip heads 20 times in a row.

That's the beauty of the markets. You don't have to know why the market is moving to make money you just have to know that it is moving. The stronger links have a rational bias and the markets tend to be irrational from time to time. Us weak links are more concerned about making money than...

I have to agree; What I've seen so far, is what I assume is taught to all the professional mutual and hedge fund managers. Their record against the indexes is not what you would consider stellar. If you want different results than the crowd you have to do different than the crowd. Or as...

I think I figured out why Ken is calling the top every time we make a new high. He will eventually be right. Then a couple years down the road he can show prospective clients how he called the top by referring them to a specific post on ET. That's what is referred to as forward thinking.

This is nothing new. Look at the shit Darvas went through after publishing his book in the 60's

If you research why traders fail, not having a plan is usually on the list.

I don't understand why a lot of people do what they do. Here's a possibility. The guy loves what he is doing. He eats, sleeps, breaths the markets. People keep asking him how he does it. For whatever reason he is willing to share. (Not every one is). To weed out those who are trolling you...

Who exactly is "They"??