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Kinda like cut your losses short and let your winners run. Easy to say and hard to do.

You need a paper trail to be able to justify your income whether it be capital gains or trading income. I've never had CRA question If I recall correctly you can elect which method you use, but only once then you are stuck with it. With the income method you can write off business expenses...

I didn't say it couldn't be done, just that if it was done no one here would believe it. Well maybe you would but most of us wouldn't. :)

None what so ever. If you are going to explain it to me please keep it simple.

Smart money vs the 100. Still a winner and a loser.

Why bother to post a goal then? Even the goal sounds like bragging to me.:)

Every trade consists of two traders guessing at the direction of the market. One of them has to be wrong.

The problem is even if you accomplish your goal it is so unreasonable that no one will believe you.

Half the participants don't think so.

You are wasting your time trying to convince traders that they are doing things wrong. Just like I'd be wasting my time trying to convince you that your biases are incorrect. Let traders do their thing. They'll figure it out soon enough. No one here is going to change their thinking because of...

Probably better off to buy an Index ETF.

You bet!! Although I've never seen a Hearse pulling a U-Haul.

You can't teach a deaddog anything. I'm pretty set in my ways. :) But you can almost be sure that dead follows old. Don't take life to seriously; nobody gets out alive!!

Take what the market gives you; not what you think it should do.

Hopefully you have no commission. What do you expect to make on winning trades? What is your expectancy. If it is positive then risk 1%. If it is negative then quit trading.

It will make a difference as to why you are trading. You are not trading to make money; you are trading to educate. Teaching clients to take losses quickly is more than likely a good thing. It must be almost impossible in a trading room to teach patience; after all the clients pay to watch...

Who paid for those studies?

Surely you must feel you have something of value to contribute or you wouldn't be posting.

I agree with you 100%. I'm not sure what your point is. I assume it is that everyone is not suited to trading If you need further proof look at the traders on ET. :)

I gather that to be successful you have to follow the rules. What a concept. No wonder so many don't succeed when given a trading system.