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Has any one actually done that? For the price of a cup of coffee you can take a trial. I haven't yet. It's summer time and there is too much else to do in the morning; maybe this winter when the golf courses are covered with snow.

Swing trading works very well for lazy traders like myself. 1/2 hour in the evening and 1/2 hour as the market opens.

Exactly, Same as downside.

I only mentioned it because you brought it up.

Be careful you don't start a bidding war. There are people who want to buy the Brooklyn Bridge

Double edged sword with leverage. No one mentions that the losses are also leveraged. It's big losses that blow up accounts.

3/8 works for swing trading except when it doesn't. :sneaky: It's the ma's used by Petra Hess. Of course that is only a small part of the process. What to buy, how much to buy, and when to sell must also be part of your plan.

Daytrader; Your risk is limited to how you react to what the market gives you. Being flat at the end of the day you are not exposed to overnight events which may cause your position to change drastically. Swing Trader; Less stress, no need to sit in front of a computer all day, more time to do...

FWIW: I don't open a long position if the market is going down. The probability of my stop getting hit goes up so why take on extra risk.

I'll take a look at that one. While you are here I'd like your take on the books I recommend to anyone who asks about trading. O'Neil, Weinstein, Darvas, and Wyckoff are the authors I suggest. All ancient stuff but still pertains today.

Maybe. It looks nice. But then it could only be $120. You are profitable but are you successful? Do you have another skill set where you can make more money and expend less effort and time. Could you make just as much money buying and holding SPY.

That's all very nice but doesn't answer the question "How do you determine if you are successful"?

There is a method to calculate expectancy for your set-ups. It doesn't give you a benchmark but lets you know if the set-up has a positive expectancy. As a benchmark you may want to use a number that you can achieve with the same effort you put into trading.

I suppose it is something that should be front and foremost in your trading plan. How do I measure success?

You sound like an addict always leaving yourself a reason to return to whatever it is you need.

Given the number of traders who fail, beating a buy and hold strategy might be a place to start. I'm sure there are traders who manage to achieve a 50 to 100% returns. And there are hockey players who can play in the NHL, but buying a pair of skates and a hockey stick won't get you the big...

At the end of the year were you able to beat the return of a benchmark index with a buy and hold strategy.

I would imagine the successful traders are sticking with their strategy and the others are chasing their tales switching from one to the other.

So if traders have control of their emotions, as they should, and don't respond, the troll receives no gratification. Don't feed the trolls!!

I took the hard route. I let the market teach me. I would have gladly paid someone who was successful show me the ropes; the problem was I couldn't find anyone successful who was willing to teach. If there is a secret, it is to know yourself. Figure out why you do stuff and then find a way to...