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If the plan is not working, why not post it and see if the group here can give you some advice.

At least you now know the problem is with the plan, not the trader.

Do you have a trading plan and do you follow it exactly?

Yet no one shares their strategy so that others will know.:)

Is that a nice way of saying you don't have one?

Got an example of yours?

Dug out my copy. 2nd edition. Copyright 1988. :) Still worth reading. It's one of the books I recommend to anyone who is interested in stocks.

Watch your chart.

That's one of the first things you will specify in your trading plan. Trading plan specifies; What to trade When to trade How much to trade When to sell. You want to write it so that you could hire someone to trade for you and they would know exactly what to do.

If you can't identify a trend, put a chart on the wall and ask a six year old.

Do you have a stop on this?

Look at stocks making new highs. If you are going to double, then double again you have to make new highs. Look at stocks that are on the cutting edge with lots of growth potential. (new industries; new technology) Develop a strategy to get out of non performers. Diversifying hides your...

Let's see your trading plan.

That is what I recall also. If a stock moves 20% in less than 4 weeks hold for a big move although there was no specific method of getting out. The 10 week MA was mentioned.

Canslim has a 7% stop loss from the buy point. If a stock continues to perform you can use a trailing stop, not necessarily at 7%. There is no law that says you cannot rebuy a stock if you sell it. A trader would have been in and out of AMZN several times as it ebbed and flowed.

Use a Darvas approach. Buy momentum stocks and have a method of getting out when the trend breaks.

We control when we get in and out of a trade. I don't consider it gambling. If you do then I hope you have good luck.:)

But are you gambling? Losing is just part of trading. Just because you know you might lose doesn't mean you are gambling. It's part of a winning strategy.

You will have to define gambling. I sounds to me that you know what you are doing. You have figured out an edge and are taking advantage of it. You know going into a trade what the outcome will be. Doesn't sound like much of a gamble to me.

If you think that trading is gambling; you are doing it wrong!!