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Ya but he is an "Elite Trader". I wonder how he does in real life?

And the vast majority of traders would be better off buying and holding SPY.

One of the top reasons that traders fail is having unrealistic expectations. Get yourself a spreadsheet and see what 20% a month or 5% a week compounds to over a year. What are your chances of accomplishing that?

Toughest thing for an active trader is to do nothing. I have to keep telling myself that cash is a position with little downside.

Boy you guys are kicking ass. I've been swing trading for about 20 years. I haven't kept monthly records because it's not something I'm interested in. What I look at is my account balance at the end of the year. After 20 years I have grown my account balance at a compound rate of 1.7% per month...

Stopped out?

Very true but if you need something to tell you to get the hell out they are better than buy and hold.

Then it probably won't work for you. You have to believe in your strategy.

Sorry for the misunderstanding. That's very clear. The only way to make it clearer would be to say no I haven't taken advantage of the wild swings.

That doesn't answer my question. How have you made out as a bitcoin owner? Have you taken advantage of the violent swings? I suppose I have bashed crypto as I still haven't figured out how to put a value on it. When the main reason to buy something is because you'll reget not buying it when I...

Ever think of usung Google? Try "best books on trading penny stocks"

There's never just one cockroach!

Lets see: users interested in using bitcoin holdings to pay Colorado state taxes need to use a PayPal account. There are fees: Citizens paying their taxes with cryptocurrency will be charged 1.83% of the payment amount in fees. Plus as the article says: " " it is hard to make the case for...

Are the stops too tight or is the entry placed in the wrong spot?

Good luck; I looked at it, but didn't like the way the market is trending. I'm practicing patience! :)

I agee. It's a lesson I learned in 2000. In a down market everything goes down. Diversification doesn't help. What you need is a method of getting out of the market until the trend changes.

That lesson would be? Can't possibly be don't diversify.

The little we have learned about you in your short time on ET, I would recommend that if you get the urge to trade futures that you pour some gasoline on the hand that holds the mouse and set it on fire. :)

Flash crash. I've seen pretty wide moves on Fed announcements. Not probable but possible.

You could end up with a negative balance in your account that the broker will try to collect.