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Almost all winners of the US Investing Championships are Canslim/modified Canslim traders. Maybe it's pure luck and being in the right place at the right time,but this has been a Momo players paradise.. Ryan and Kullamagi have put up astronomical returns using a modified Canslim system.. I'll...

Earth,You may not like his delivery,but Dawn is pretty much spot on in his assessment... There's obviously no free lunch... Nothing wrong with mastering verticals,as they are building blocks for other strategies as well ..

Ild worry more about levering up,but he appears to be prudent as far as risk..

Sorry if I came on too strong :)

I believe in innocent till proven guilty...They were found guilty You want to listen to a bunch of scam artists who were shut down for defrauding their customers while admitting their bogus claims of profitability were a figment of their imagination???? These are BAD guys,who sucked at their...

I should have said selling puts with prudent risk management... Most beginning traders love the probability of being right as opposed to the probability of making money..Probability of Profit vs Expected return..Two different things... If you believe in risking 1-2 percent of your capital per...

Not entirely accurate.. Yes,SEIDEN only paid 158,000(probably all he had after accounting for trading losses),but others paid substantially more.True,they didn't pay 370 mill,because they didn't have that money,as they didn't make money from trading.It was a giant SCAM.. It's right here in...

Fully agree and am glad you are capable of automating the process.I am not,which is why I reccomended Orats.It scans and backtests.. What percent wide are your spreads,how far out and apx deltas.. Ill backtest spreads vs nude options if you like..

I agree that trading spreads is a great way to learn as you capped your risk,but its not that simple. Depending on several variables,you may be better off trading the same delta amount of underlying as the spread.. You may be better off selling a naked put, but not the same size as the short...

Only you can decide if you are wasting your time,spending time in pursuit of wisdom. I don't think you fully grasp how difficult it is to outperform the market without employing leverage( money management/position sizing),options or trading small caps as opposed to the crowded field of mid to...

In no way am I saying to spend 5k on a Minervini course/seminar.. But Minervini,Ryan and Kullamagi are as good as it gets..I hear Stock Bee is decent as well..And that's thep tip of the iceberg..you have a long journey ahead .

Heres my advice,and at one point I was in charge of hiring traders on the derivatives desk at 2 major Investment Banks. I know how committed people are in their quest to be great.. Read books on Momo,read books on Value investing, probability and statistics or whatever may float your...

Best fundamental backtester/ranker on the market..take the trial

I think you need to come to grips with you are a gambler who doesnt appear to take the trading profession very seriously.. Your approach will never work... Commit to the craft,put in the time or find a less hazardous hobby...

If we are talking a trading plan,I fully agree..... Dont know why the OP didnt do thorough backtesting before putting down his hard earned cash... Orats for options,Portfolio 123 for Fundamentals and a program like Quantshare or Amibroker for technical trading

Minervini's books are excellent..... You may not agree with alot of what he says,but there is some gold to be found.. Problem is,if you are a newbie,it will only be the first step in your journey.. His chapters on position sizing and stops is worth the read alone

LOL!!!! What banker in his right mind is going to fund a retail trader with no track record?????

You have 2 options IMHO,,,, Find a job you love,be happy,and devote your spare time to the study of the markets.... See if you can be an EOD trader for the time being,and if successful,then decide if its your passion and something you can earn a GOOD living from... The second option is to...

Props for the brutal honesty.. As you have learned, always better to trade OPM when starting out.... You need to hook up with a prop shop or work for a successful trader...

Good luck with that