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Where will you exit if the stock starts going down?

Just went to Nordtrom Rack. The check out line was the longest I have ever seen it.

All stock trading is discretionary. I still have my automation running but that is futures (MES). I will create a new journal at the beginning of the year which more accurately describes what I am doing.

October turned out to be my best month on record thanks to the stock trading. Below are my stock trades where I am collecting stats. Some of the entries without an exit date have already exited half of the position (CLR, ICL, SAIA). The trade stats highlighted are calculated as if all of...

You do not need a book or course. Create rules and follow them. You absolutely will have zero success in trading if you cannot follow your rules. Create easy to follow rules and you should be fine. If not, trading probably isn't for you.

Congrats! What was your max drawdown percent?

Typical bear porn.

I read Mark Douglas' books years ago but it had little impact on my trading at the time because I had no edge. They are good enough, but really, you just need an edge, rules and the ability to follow those rules.

What are you talking about? He holds some of his winning positions for months.

Check out this dudes site: http://qullamaggie.com/about/ He is trading an 8 figure account with momentum based strategies and looking at charts. He has a live twitch stream (free) and there are plenty of videos outlining what he does. Sure, you can go down the rabbit hole of theory with...

I don't agree with all of your conclusions, but you are trading what you preach and have good results...so carry on and congrats on the good year so far!

If your view of the market is the correct one, let's see some P&L statements to back it up.

Unless you already have a large trading account, you should start with the assumption becoming a self sufficient trader (no day job) will not likely happen until many years down the road. You will need some sort of day job for living expenses and trading capital while you compound your account...

Enough talk of theory...let' have a challenge starting Jan 1 2022 through the end of 2022. Your systematic momentum strategy vs my chart reading momentum strategy...real money.

Nice! My friend used to work for Brown and Brown (bro). Sent him the chart :)

I am treating as I would any other trade...risking no more than 1.5% of account equity. That meant scaling up from lower prices, keeping a very wide stop on the position.

Exactly. Most successful "market timers" are correct on their bets less than half the time, yet they make money.

People often discourage "timing the market" because they are unable to do it and most people fail trying. However, some successfully time the market as verified by their track records. Study those that are successful and those that fail and plan accordingly.

They keep going up folks. Dump your tech and buy the banks. Easy trade.

I work for one of the top freight brokerages in the country and revenue is up almost double this year!!