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The problem I see is that indicators are only that. They indicate what price has done, not what price will do. In order for an indicator to change price has to change first. The indicator will then show what price did. It won't show what price will do tomorrow.

:thumbsup: Always comes back to the plan!!

You mean; when price does this; the next bar will always do this; except when it doesn't.o_O

Capital preservation is my number one priority. If I don't have capital I'm out of business.

Actually it doesn't make more money. I'd be better off if I took a full position right off the bat. The only reason I scale in is that I only risk 1% of my capital per trade and if the trade moves in my favour I can increase my position without increasing my risk.

I buy 1000 shares at 10, 300 more at 12.50 and 200 more at 15 If the trade goes against me I exit 1000 @9 for a $1000 loss Once in at 12.5 I move the stop to 11.5 If I'm in at 15 I move the stop to 14 If all goes well I'll exit the trade @ 100 in 6 or 7 years. Or maybe I'll let it run till it...

I will scale in and exit the full position.

I've read everything he has written. Part of my strategy is based on his experiences.

True; I suppose you could use a moving average but the point is these studies that prove something doesn't work are usually based on holding for a specific period, not based on managing the portfolio. Exits are as important as the entries.

See if you can find a backtest that buys new highs then manages the portfolio so that the portfolio never holds a loser and exits when a stock breaks it's trend line.

I learned that if this course was typical of what was available, and I have no reason to believe it wasn't, that trading courses are overpriced. You can learn most of what you need to know online. Keep in mind that I moved from being an investor to being a trader. I was aware of how financial...

Any reason or just a throwback to a time when it was more convenient to trade board lots? Do you find 20 to 40 dollar stocks have a better percentage move or is it just habit?

My experience and my experience only is that I ended up with a complementary trading course that retailed for $2900 when I signed up with a broker. There was nothing in the course I couldn't find for free on the internet.

I don't think I've ever made that kind of money. I make a decent living with a 20% or better return on my capital each year.

No the people that asked for help ended the conversation. At least you have a plan. Now you can determine why it is not working and adjust. I don't believe you can buy success. I'm sure there are lots out there that will take your money. Several sponsors here on ET. The right question is...

Can you walk me through the strategy with GDX/DUST? You buy both at the open, then how do you determine when to sell one and scale into the other? What kind of position size do you scale, compared to your original purchase?

I have no idea. I do know that one of the reasons that traders fail is not having a plan. I have often suggested that aspiring traders study why traders fail, then don't do any of those things.

The problem I see is you are day trading and swing trading at the same time. Especially with leveraged ETFs. You enter both sides and jettison the loser as a day trade and scale into the position that is positive as a swing trade. Holding overnight has the risk of a reversal and a gap down...

Is that 3K profit in 2 weeks? 20% every 2 weeks would be 500% per year. That would be great trading.

Does your back test show that this is possible?