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Warren Buffet. Buy 90% S&P 500 ETF and 10% Bond ETF and you'll outperform the majority of traders. If you believe the next big winners will be tech stocks buy QQQ or if you want to take on more risk and can stand the roller coaster ride TQQQ,

So the difference is the trader not the strategy?

Risking 1 or 2% in trading means that you will exit your trade when the value of your position has dropped 1 or 2% of your trading capital. If you have $20,000 in trading capital; 1% is $200. O'Neil suggests cutting losses if a stock drops 7 or 8%. With a position of $5000 a 8% loss would be...

Why is that? What was different? How can it be a profitable strategy if it fails when you go live?

I don't ever know what the underlying is going to do. I know what I'm going to do.

Hey up here in Canada we would just write a strongly worded letter. Too cold to actually go out and shoot someone. :)

But that's how insurance companies make money. Promise to look after you, then do everything in their power not to. Small print and loop-holes.

I would watch the price action the next day. If it opened near the prior days close and moved up I might add to my position. It it started to sell off I would probably exit the position and take my 40 whatever % profit. If it gapped up the next day I'd sell part of my position into strength. I...

It's called discipline. The ability to follow your own well thought out plan.

Excellent data base. But expensive. Worth the inexpensive trial period to try it out. Couple thing that bothered me were that the EPS are forecasted not actual and the buy sell signals are based on 13 day moving average. Great back testing tool. I used it for a couple years but dropped it...

Google; "How do I calculate IRR"

What is a bad trade? How are you managing emotions?

What was the maximum drawdown on your back test? Are you anywhere close to that? Are you following the plan exactly or tweaking it because you have cash on the line?

That's too bad. I'd hate to pay for something I already have a firm grasp of.

I don't mind uncomfortable, I relish a challenge, I really dislike boring. The first module was boring enough that I'm not going to bother with the next 2 even though they are free. Keep in mind that I'm quite content with where I'm at, not looking to try anything drastically new. Old Dog ---...

Too late to edit the last post but what are the chances that one could skip to the final exam for each module. If you get better than 90% on the final exam the Module would be free of charge.

I don't disagree that repetitive practice is necessary. I'm just suggesting that you make it interesting. Increase the difficulty in each exercise. Mix it up a bit; instead of having 3 choices ( 2 of each choice) have one exercise where you have 4 of one choice and one each of the others. Have...

I gave the free trial a whirl. Module #1 covers swing highs and lows. Took me about 2 hrs to complete. Very repetitive. Probably could have been quicker but I was also watching golf on TV. I think that even for a complete beginner this would be boring. You had better make module # 1 more...

Define a "Bad" trade. What did you learn that you didn't already know?

Can you find any that fail??