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Which screening software do you use?

I found that price has to move before the indicators do so I just watch price. I throw a trend line and a moving average on at times. Which indicators do you favor?

Only stocks: Mostly Canadian(Home country) with a few US picks Look for Mid cap and up; trading over 1,000,000 shares per day; rising earnings;& in an uptrend. Basically look for stocks that are rising and will hold for a few days to a few years if the trend continues. I've been mostly in cash...

It is always easy when things are going your way. Is there a reason you picked the sectors you are doing well in as opposed to other sectors or are you well diversified and those sectors are your best performers.

I'm not aware of one. I suppose you could google investing forums or stock picking forums. I found that trading is trading and that the same principles apply to most time frames. It doesn't matter what you are trading, you won"t be right all the time and you have to admit you are wrong and take...

I was thinking Rogers, Soros and Livermore. In either case being a swing trader puts me in the minor leagues.:)

You might have that backwards.:)

When you don't have money you look at it in terms of the things you can buy with it. When you have money you realize the things it can't buy.

1) Find a stock screener and search for stocks that have low PE’s. I’d look at other fundamentals as PE doesn’t really reflect a stocks value. 2) Your signal should be when the price stops falling and begins to go up. How you do that is up to you. Nothing works all the time. 3) Use...

Not having a plan Not adhering to the plan

I don't think so. You might be lucky enough to ride Their coat tails for a while but I'm certain that you will slowly go broke believing you can beat the market with only a money management system. If you don't believe it then for you they don't exist. There is no reason that you shouldn't...

They are the smart money! The insiders and better informed speculators. Those that sell you investments near the top and buy them back from you when you finally give up. They understand and take advantage of human nature. They spot the start of a trend before you and exit when the trend ends...

That is why having an exploitable edge will increase your probability of being successful. Prudent money management alone just increases the amount of time it takes the trader with the edge to aquire your money.

Well I've been at this for 30 some odd years and I manage to fund my lifestyle with my trading so newbie and sub-par might not fit but I use stops in order to not lose money and I do feel good about myself. Reviewing my trades this has rarely happened. For sure I'm playing not to lose on a...

Here we disagree. I'm a swing to long term trader in stocks. I have no problem adding to a position as it moves in my direction. Break even stops preserve my capital.

Like when they are wrong about money management being an edge. :)

Cut your losses short and let your winners run. Excellent advice, but you're talking generalities. When you get to the specifics of how to do this, it becomes a lot more complicated and without some type of edge all you are going to do is delay taking your trading account to zero. Yet it is...

What do you do with the other 80%? Some kind of fixed income? With no risk management?

Why does TLNW matter. I only want to risk trading capital, and only a percentage of trading capital per trade. If you are trading your TLNW then using a percentage of it makes sense. Does the amount of capital I have available make a difference to my risk control? The prior days low has no...

Would these rules be considered prudent risk management for a random entry? Rules for random Long entry: (Reverse for short) Max risk is 2% of trading capital. With a 25K account max risk will be $500 per trade. Attach a stop loss order to your initial long order. Close position at end of...