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Swing trading stocks I use 0.5 to 1.0% of trading capital as a reasonable loss. I look for a 1 to 3 risk to reward ratio.

Why don't you share first so I can determine if I want to get together with you.

Advice from an old fart; Don't wait, don't put stuff off, you never know the future.

Why not do it now? How many years to go?

I draw a line. Mathematically it is higher highs and higher lows for an uptrend. The existing trend ends. Then you sit and wait to see where price will go. Yes to both; However with a little or maybe a lot of work it could be coded. It is a series of "If/Then" equations that goes on in my...

A stop loss is misnamed as it doesn't stop a loss it usually guarantees one, albeit a small loss. I prefer to call it a capital protection exit. My system is fairly simple. I follow Will Rodgers advise. "Don't gamble with your money, buy a good stock and when it goes up sell it; if it doesn't...

The problem I see is that people trade a 100K simulator account then open a 5K margin account. I used a sim account when I started. What I eventually did differently was to judge my success not on how much money I made but whether I had followed my trading plan. A good trade can have a bad...

Is the problem the trader or the strategy? Have a written trading plan with specific "If/Then" criteria. If the market does this; Then I will react by doing that. If you follow the plan and lose money after a reasonable number of trades then the problem is the strategy. If you don't follow...

And the other 27% are made up somewhere else. :)

Not having a written trading plan. Using the term "Wiggle room". Not following my plan.

Where did you get the 1% number?

Anything is possible, probable is another question. How much is a living. 36k a year is 10% a month. Doesn't sound like much but most traders/investors would be happy with 10% a year. My advise to beginning traders is to take the time to study why most traders fail then don't do that shit...

In trading you plan for loses and know how to handle them. Even Buffet has losses and he cuts them. Remember Buffets rule #1 "Don't lose money"

Risk = the amount of money I can lose on a trade. Am I willing to risk $1 to possibly make $1 Nope I need to possibly make 2 or more.

Not sure if scans work with real time intraday charts but you can get as complicated as you like with EOD data. Very good program.

(Grin) But you did not mention ignoring slippage. Sorry but I can't point you to an academic study only my own experience that it is easier to take losses when you have sufficient capital. Calculate your slippage as a percentage of risk and you will see how capital becomes a factor. FWIW I...

It doesn't as long as commissions and slippage are not a factor. That being said the better capitalized you are the less it becomes a factor.

That would depend on the size of your trading account.

You have a discipline problem. If you can't follow your own plan then get someone who will. If you have faith in your strategy then hire someone to trade for you. If he/she doesn't follow the risk management part of the trading plan they get fired. Short of that, you could buy an electric brad...

What I found more important than a trade journal was having a written trading plan. Then you can journal your trades keeping track of whether you followed your plan and the reasons you didn't. Trading is all about controlling your emotions. The object of the journal is to figure out how to do...