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Tell that to the unsuccessful lion tamers if they are still alive! :)

Two people making a bet on the market direction and one of them is wrong.

Follow the steps require to be successful in any endeavour. It's pretty well the same process whether you want to be a successful golfer or a successful small business. Just google how to be successful at .........

I trade the Canadian market mainly because of home country bias. I think for the most part it is more expensive, less transparent, and slower than US markets. Very few direct access brokers, IB is the only one I'm aware of. Most discount broker charge a flat fee. $10.00 or less per trade. Real...

This is way too complicated for me to wrap my head around. I think I'll stick to buying stocks that I think will increase in price and culling them quickly when they don't.

That sounds really good but what does it mean. Try to explain it to me in simple language. I understand uncorrelated positions One goes up the other goes down. Who cares if you get rid of the one that goes down. Every trade you take should have a positive expected return. Why would you take...

If your stop is 5% away from your entry price and you have 3 positions you are risking about 1.5% of your capital per trade. Diversifying hides your mistakes. You diversify so that your winners offset your losers. If you are taking losses quickly and letting your winners run you don't need...

Well there is your explanation.:banghead:

That still doesn't tell me what % of your capital you have at risk. It depends on size of your risk; the location of your stops; the risk reward you are looking for. In my case I risk 1.5 to 2 % of my capital per trade. I look for a better than 1 to 2 risk to reward. My optimum target is 18%...

How much of your portfolio are you risking on each position? If you are comfortable with the risk there is no need to diversify.

Why is that? As an educator do you not teach the importance of having a trading plan and having the discipline of sticking to your plan? It would be interesting to see your plan for scaling out. I know a swing trader that scales out. 1/3 of a position at the initial target and move stop to...

An interesting stat but isn't that like looking at everything that went up today and kicking yourself because you didn't buy it? The most important stat I keep track of is FFP.. {Did I} Follow {the} F**king Plan. :)

All in and All out. When the trade gets an exit signal it is over. I have taken my small piece out of the market and move on.

It is covered by when to trade. At least for me it is. It has little to do with time. Although if you are part time I can see that being part of your plan. When to trade is the set-up. The set-up includes several criteria and if all of them are not met then you shouldn't trade. For instance...

The guys flying first class on expense account usually make pretty good coin.:)

I suggest you write your plan down. This way you can determine if you actually follow your own well thought out plan. At least you'll determine if the problem is the plan or the trader. A basic plan should answer the questions What to trade? When to trade? How much to trade? When & where to...

Do you have a written trading plan?

There is also the temptation to turn a scalp into a swing trade to avoid a loss.

A quick look at the chart didn't show a 2 day low. Had you set a target at 15.2. Then it's a good trade. If not then you didn't follow your plan. Maybe you need to contact Andrea Wylan

She's 35 and that's her 15 year old son