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The skill you practice is decision making. After all that's the skill that will end up determining if you are successful. If you run through different charts one bar at a time you can look a a lot of charts in a short period of time. You can spend a couple hours a day watching a chart in real...

Check out "Jack Corsellis" on YouTube. He shows deliberate practice for free. He sells a course of course but you can get a lot of good info for free.

You can't buy happiness!!! However you can rent such a reasonable facsimile that you'll never know the difference.

Gold took quite a hit today. It looks like copper is rolling over and silver is recovering from its reddit spike. I'm not shorting here but I don't think I'll get my feet wet yet. KL, FNV & HBM are on my watch list but I haven't seen any reason to buy.

You are probably right. Sold my TECK.b this morning at 23.:banghead:

At the very least he should understand that if he doesn't know what he is doing his account will soon be History.

I use a scan engine to find 52 week highs on above average volume. (Stockcharts) Depending on your breakout criteria you can set-up a scan.

How do you define your risk and how does it improve your trading?

Hell that's 20 years ago.

Where's the data? Robin Hood by stopping buying stopped the price from rising. Robin Hood has the option of closing positions to cover margin. If they stop buying who is going to take the other side of a sell order?

There is no explanation. It just is. Opportunities presented themselves and I wasn't paying attention. GME showed up on one of my scans on Jan 13th. I made the decision to take a pass. Life goes on.

Ah another old fart. I thought it was well done.

How do you enforce against anonymous internet posters?

The goal should be zero. Follow the plan!!! A great trade could be a losing trade if you follow your plan exactly. This is not really in your control. A series of trades with bad outcomes can result in such a drawdown. At a 20 % drawdown I would take the time to review my plan. Easily...

My goal is to follow my plan. That way if I'm not profitable I know the problem is the plan not the trader. I don't expect to be profitable every trade. I'm happy and very profitable with a 50% win rate. If a trade loses money and I have followed the plan it is a good trade with a bad outcome.

But that is true of every strategy out there. How does Brooks moving average or oscillator strategies

Sky diving is easy. All you have to do is jump out of an airplane. Hell you don't even need a parachute unless you want to do it twice. Kinda like trading!!

I agree. It's very much like trading. The cause of most your problems is yourself.

It's easy to make money at golf. Just find 3 other guys with more money than you who play worse. If I have to do something I lose money at I'd rather play golf than trade. At least with golf you know going in how much it will cost you for the day. Unless you count the balls you lose. As it...

The Day Traders Bible was written by Wyckoff in 1919.