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That is true. You take what the market gives you. Breakouts that work occur all the time. You have to have the patience to out wait choppy markets. Keep your losses as small as possible and let the winners run.

Once you find a system, the hard part is having the discipline to follow it. That's where the emotions, fear and greed, eat you up. If you have a few trades in a row that hit your stop then take off, it's awful tempting to give the next one a little wiggle room. That'll be the one that keeps...

If you learn from your mistakes it shouldn't take decades. The problem is that emotion plays a big part of trading. Salty is a good example of not having the discipline to cut his losses.

That's what you get with a breakout system. The trick is to make way more on your winners and keep the losses small.

I agree and that's why you need risk control. If you buy and hold you could run out of time somewhere down the road.

It's amazing the number of people who would rather have a drug prescribed than change their lifestyle.

Buy and hold is a simple long term trend following system with no risk control.

Then why aren't you making a lot of money

I believe it's not having the discipline to execute your edge.

Like what?

Boy you're sure a snow flake. If you read correctly I did mention that you were right before I got my geography lesson from Mickey. Too much travel involved to host a dinner so I'll just e-mail them. So now we have settled that I fail geography, which is very embarrassing as I lived in BC all...

I guess that means that Vancouver isn't on the pacific ocean. I learn something every day.

You're right. What do I know, I live in the interior. All the people I know that moved to the east coast of the Island think they are on the Pacific. Boy will they be surprised when I set them straight. What do you think this guy is after? He asked for help. If he asks for anything more then...

Look at the East coast. It's still the pacific.

It's an Island. In the Pacific ocean. You see the Pacific from anywhere on the coast.

I swing trade Canadian stocks. What kind of help are you looking for?

Just my own experience; a sample of one; my returns are about the same now as when I swing traded. The difference has not been significant. Day trading does miss the big overnight moves but in bull markets they lean towards the upside. Wider stops also help. I make enough to keep me happy.

Where as a swing trader can set his entries and exits and spend the rest of the day doing something they enjoy.

Once you enter a trade how are you planning on exiting? Do you have buy and sell on stop orders in the market? How are you using the fib levels? Are you entering a trade when it hits a fib level or are you planning your exit based on fib levels from your entry price?

My theory is that he buys his salty nuts in bulk and keeps then in old Noxzema jars so that they won't get mouse shit in them.