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My apologies, it may have been better to post this in the psychology forum because the total obsession with limiting the downside motivates the work necessary to find that golden grail buy signal (which, from my own research, coincides with a situation requiring the lowest possible adverse...

He cares not for the cares of this world, but for your soul.......

It's a rookie mistake to place your faith in the entry by itself. The "edge" is a package that includes a very strict exit for many different scenarios... Try that back test again with no loss limit and tell me that equity curve is really usable in the real world! Advice for new traders...

"What goes on inside a profitable speculator's mind?" I'm looking at this from beyond an intellectual level. From beginning to end of their contact with speculating in markets. Somewhere I realized the correlation. Perhaps it was examining my own periods of success and failure. Perhaps it...

Guard your money, and develop your edge based on low risk ideas. Then add to positions when they show profits, not losses. At all times be ready to get out. The freedom to exit at any time is the speculator's main advantage, especially now that commissions are zero. Because the downside is...

I'm no Guru but this is starting to look like most penny stox when they die. Short float is down to 27%, gobs of institutional ownership that could try and get out here, and still a negative profit margin. If this was all a giant squeeze, the fuel might be gone......

Targets seem to work better with tiny patterns on minute charts (daytraderz). Trailing stops work better for position traders or fundamental investors. They can also work with automated strategies in a short time frame. Unfortunately they are reactive, so slippage not bad until you really...

Mini update: gold stocks and many others are exploding lately. In the midst of the coronavirus panic they printed somewhere between 3-5 trillion dollarz and then started the riots to distract us. Who knows where that money went but many tech, medical, and commodity producing stocks are on a...

New trader: Has no idea what to do Old trader: Knows exactly what to do

2020 Q2 done, and I sat most of it out while waiting to see which stocks kept their trends intact during the big lockdown puke. Signals are working very well (think I finally found The Grail) and biggest problem is not holding winners. It's an old habit from years of averaging down ranging...

A strong downburst for sure, but here is a little perspective:

We should refrain from giving away the secrets, and let him pick them up on his own if he ever trades again. Every method that is exposed gets diluted and eventually faded. Why risk it?

2020 Q1 finished and barely beating the market (a common theme in this account). I'm sure if I really knew what I was doing there would be an obvious "trend" to the upside but for now it's a convincing correlation to the SPY. Highlights from this quarter: New method is excellent, really...

Legendary commodity investor (and long since retired) Jim Rogers said on national TV around 2015, when asked what was a good value at the time: "Sugar is cheap". I know you're not an investor but if you were, you would know that NG is in the buy zone:

There was a member named Failed Trad3r who was uncanny at predicting the opposite market moves until he finally went silent. Was he being faded because everyone believed he was wrong, or was he yanking everyone's chain with a handle like that..... A few long running newsletters are like...

If it was that spike in NG that wiped you out, same thing happened to another guy about a year ago in the other direction. He was a little more famous, but it was just as much as a surprise. Tails come out of nowhere sometimes!

Exact same thing hooked me in the beginning, long puts on BP during the big blowout. Thought it would be sooooo eazy........

Yes the "zigzag" is the first part of the buy setup, but as I mentioned before, it is the least important part. There are no Elliot Wave or Jack Hershey practitioners on the Forbes 500 list.

Hi, didn't see if you posted it yet, did you do any backtesting of your trade signals? Accuracy seems a little low. Since you're only trading one market it would be easy to run some tests.

Equity curve against a few indices is my personal favorite, including the blowup at the end (for curves that are obviously too smooth)