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How are you recording the trades for the taxman? I scale in and out of trades and keep a running record of the average cost for tax reasons. Excel spreadsheet thats a pain in the ass but at least I have a paper trail if I get audited.

I don't know what the risk reward will be when I enter a trade. (I trade Breakouts & Hammers when they meet all criteria) What I do know is what the risk is. (Of course I can get more risk than I bargained for with a gap down) As far as reward goes I'll stay with a trade as long as it continues...

Isn't that what you set out to prove? However you have to take into consideration that 6 wins out of 15 tries can be profitable if your risk to reward is 1:2. 40% win rate is pretty close to my average.

It would only be a wild assed guess. I have no idea what is going to happen in the next 5 minutes. I use price action or TA to look for repeating patterns to determin if I will take a trade. Without seeing volume or more info (higher time frame) I can't make that decision. Maybe some of the day...

I don't mind the time based charts but I'd like to see volume and a couple more time frames. 5 minute chart is noise.

Any update on how Broke Ass Capital is faring

If you manage them as different positions do you have a different stop? Lower than your original stop on long positions? Would you risk exceed 3% with the combined position?

Could you expand on Does this mean your risk or your position size? If your account size is 100K are you risking 3% (that is losing 3k per trade) or is your total position 3K.

Index funds can drop and stay down for years. Better to have a method to protect your capital. One of my rules is to not hold losers in my portfolio.

I'll bet you won't even care why! Investors only want to know why when a stock drops. :D

And they say TA doesnt work. I think it was Perer Lynch who said that if you want to catch a falling knife let it hit bottom and stop vibrating. Nothing wrong really with the fundys. Hard to figure out why investors do what they do.

I used to do that. Problem was I didn't know what to believe. If I went in with a long bias I tended to ignore any negative press. I got burned a few times and finally got to where I am now and just trade what what the market is doing, not what I think it should be doing. Yup I missed the 100%...

Beautiful stranger asked Just passing that along.

What kind of position size are you trading as a percentage of your total capital? I've noticed that you will start a position then add to it. What would your starting position be and how much do you add?

I'm surprised more vendors don't do this. But then they are educating, not trading. Did it help to attract AUM.

Sorry I didn't watch the presentation. I kinda just look at the charts. No bias.

What's to talk about? Another crypto company falling apart is no longer news.

That would make a difference. Me thinks that you just want company.

1 million investors buying 100 shares each is about 1/2 days nornal volume. Why would that be a good day.

I wonder how much of the increase was due to yearly contributions to the plan?