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What was it you bought for 14.30

A trading plan should be like an operators manual for someone you hire to do your trading while you are out spending your profits. What to trade, when to buy and when to sell, position size should all be clearly defined or have a formula to calculate those values depending on defined...

What do you use to determine volatility? Bollinger bands?

I had no idea that Buffet was buying. All I know is that the trend is positive. Not a stock I own so I haven't followed it.

I just watch the charts. Someone else gets the news before I do so I'm at a disadvantage if I attempt to trade it. In theory the chart tells me how other investors interpret the fundamentals.

Be very specific with the answers to the following Where do you want to be? How are you going to get there? How to measure if you are on track or not?

How are you setting exits for profits? Quite a difference in percentage gains in these stocks.

How many trades would you make a year? What are your yearly transaction costs (slippage and commissions) as a percentage of capital?

How many positions do you have open? What percent of your capital are you allotting to each position?

Take the time to try and prove the system doesn't work. If you can't then possibly it does. Right now you are looking for examples of hammer signals that hit their targets. Look for hammer signals that didn't.

Would you not consider that an edge?

No I'm looking for a manager that manages risk differently than the majority of the professionals out there. Apparently the Pros are having a tough time outperforming their benchmark index's. I hired one guy who claimed to follow the same system I have used but when it came to cutting losers he...

The books that most influenced me back in the day; Nature of risk by Mamis It's when you sell that counts by Cassidy Winner take all by Gallacher

I learned a long time ago that I should pay attention to what the market is doing rather than what I and everyone else thinks it should do. Let's see what happens next.

Problem with brokers and the banks is they want to control risk with asset allocation and diversification. It is what they have been taught. I want to be fully invested in equities when the market is trending up and in cash when it is trending down. Everyone says this is too risky. I've been...

Because eventually I won't be able to. I'd like to find someone I can trust to manage the portfolio the way I do if/when I'm not around. I'm only a long term holder of stocks that continue to move in my direction. I'd rather be in cash missing a move up than be in the market experiencing a...

That the wealth management industry has done an excellent job of convincing the public that they are not capable of looking after their own money and need to pay someone to do it for them, when in reality a balanced ETF would give them the same results at a much lower cost.

I'll stick with my system. Very simple; buy stuff that is going up and don't hold losers in the portfolio for more than a day.

I know what money managers do. Charging a 1 to 2% fee annually to allocate assets in a cookie cutter plan is a rip-off in my opinion. I know that a lot of people are satisfied with that because they don't want to take the responsibility. They don't mind losing money as long as they can blame...