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I suggest you write your plan down. There is something in the brain that makes you follow your plan more closely if you have it written down. I don't know how or why. My guess is writing it down is more of a commitment than if you just think about it. Once your plan is on paper (or your...

No I mean a written trading plan. An operators manual so to speak that you could give to someone else and they would be able to trade your system.

Do you have a written trading plan?

That remains to be seen. My crystal ball is all fogged up this morning.

Look at Facebooks first couple month of trading. Very similar

The problem is that there is no risk with a demo account.

Way over my head. If I needed to figure that out I'd throw it on an excel spreadsheet. I think the OP wants to spend his 5% per month. I wish him luck.

I hear you. I'm having trouble finding stocks that meet my entry criteria. Lots that click some of the boxes that look promising but fizzle out pretty quick and only a few that click all the boxes. I mainly trade the Canadian market and materials have moved pretty good. Keeping losses small but...

Why calculus?

What seems to be different this year?

So you would get out before you hit your stop. I think that's what I suggested. :) Like you said there is probably a rule on when to break the rules. Trading is simple, not easy!

I found fading Kens emotions/predictions has had a reasonable return.

One thing that has stuck with me through the years is a quote by Ed Seykota in his Market Wizards interview. " Folllow the rules without question. Know when to break the rules." The OP asked what to do when something unexpected happened.

When something unexpected happens I'd take the loss. You set a stop loss to keep your losses small. A smaller loss than planned is not going to hurt you.

Ever figure out how long it would take to to say that a million times? :D:D

Those ETFs trade millions of shares a day, should be able to handle your account. What is it they say about letting the tax tail wag the investment dog? You'll have to test the difference in paying tax now on gains vs paying tax later on reduced gains due to hedging. Another old adage: Let...

Whoa!! What happened to "Go Bears"? This could signal a major turn.:D:D:D

First figure out if it's the strategy or the trader that's causing the problem.

Rather than hedge with another ETF you could manage your portfolio. Take a moving average or draw a trend line and go to cash when TQQQ crosses it to the down side. Buy when it crosses to the upside.

Or any of the other S&P 500 ETFs out there, IVV or VOO for example. SPY is the most popular.