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More than likely. I've attempted to help a couple posters here but they didn't want to do any work. When someone asks for help I offer to review their trading plan and that's usually the end of the conversation.

Yes a high win rate gives a psychological boost but on the days when averaging down doesn't work, and you have to take a larger loss than planned, it has to be a little depressing. The one thing about being flat at the end of the day is you protect yourself from yourself.:)

That may be true; however if you can't make money in sim your chances of making money in real time is nil. I consider myself a successful trader and I've never blown up an account. Of course I've lost money but never enough to put myself out of business. I don't like losing money so i do...

I would not consider going live until I was profitable in sim

The other side of the equation is cutting losers short. You can't lose if all you have is winners that are running. Running means moving in your direction.

If I knew for sure that my "One Winner" would be profitable it would be. I don't know so I have several positions open at one time, risking less than 1% of my capital per position. For my purposes it is an optimal use of my capital.

No doubt. I prefer the boring daily charts. I found that at the end of the year I make about the same amount of money.

I only trade stocks making new highs. Usually new 52 week highs. I'm not a buy and hold investor, I'm a swing trader. That said I'll hold a stock until it stops trending.

Then people that know what they are doing made 1000s of dollars. Win some lose some.

Depends on how much time you want to spend making a living. I prefer to spend an hour or so a day and then find something exciting to do with the rest of my time. My idea of exciting is shooting a round of golf in the 70s.

True; However a stock that goes sideways is not trending and will eventually break the trend line. I usually don't buy stocks that are trending less than 20%

I don't see the problem of letting winners run. As a trend follower I don't close a position until it breaks the trend. I swing trade and have held some positions for years. I buy stocks that I hope will go up. If they continue to do so there is no reason to sell.

If I'm day trading I take the planned stop and am flat at the end of the day. I never turn a day trade into a swing trade. I'm primarily a swing trader. I attempt to buy stocks that go up. I take losses quickly. I'll take a loss on day one if the stock moves against me. I'll try and move the...

Happiness is a choice. It is up to you. Don't worry ; be happy

No money cannot buy happiness!! However you can rent such a reasonable facsimile that you probably won't know the difference.

$670 a day is impressive. But meaningless without knowing the capital involved. Are you making 1/2% on your capital or are you making more or less. Are you doing this every day or is this one of your better days. What about per week or per month? I know I'm treading on thin ice because what you...

That begs the question that if you had a different risk management strategy; ie having only one hard stop in place, would you make more or less money? Having a trailing stop in place above your hard stop cuts down on your losses but when the trailing stop gets hit and rebounds it also cuts...

I don't usually have time for webinars, it would be nice to continue the topic here. Gives you more time to draft well thought out answers to questions and get feed back if the answer needs clarifying. I'm more interested in the why than the how.

.Sigma; Are you confusing brokers with financial advisors(FA)? Brokers make their money if you trade, financial advisors get paid on Assets under management. If they are selling mutual funds they get a trailer fee as long as the client holds the fund, if the client goes to cash the FA doesn't...

Can you explain that a little clearer? Enter at 20. Is the first exit at 19.70 or 19.50? OR Enter at 20 first exit at 19.50 then trail to 19.20? Why 2 exits? FOMO?