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Example (MSFT last year):

I think you're right. This year I want to put some real money in this account and it will probably change the psychological component, which brings me to the most important part of a trading plan (in my opinion): Risk Management Second is the long term trend of the stock and market itself...

I showed a few examples in the beginning of my other journal, but it is essentially waiting out the corrective wave and the next two impulse waves of the next smaller order. It forms what looks like horizontal triangles, cup & handles, consolidation breakouts, etc. But experience has taught me...

This is a follow-on journal to "Catching Tails", and I will show quarterly performance for a method based on buying a trend pullback. The setup is basically Elliot Wave "ABC-12" and the buying the breakout after that. Been trading for 9 years and 2013 (small cap stocks) & 2019 (penny stocks)...

Thanks, and I agree. This dismal performance is actually a huge improvement for me but the equity curve is out of control. If I looked at a manufacturing process with a graph like that it would be a huge warning. I will start a new journal for 2020.

A counterpoint is the journal some years back on "ES Trend Following", where the entry was off an hourly consolidation pattern (long, long horizontal box). He did remarkably well until he didn't. The pattern disappeared once his performance got noticed. Just random? You decide, but this...

Year end results are in, and it was a six month drawdown followed by another extreme tail to end slightly below the S&P 500. What happened? The penny stox I was holding all went limp at the same time and instead of selling I kept providing liquidity and so far it looks like it will pay off...

I've experienced it more in the professional (engineering) world than with family. Basically you're seen as a degenerate gambler if you believe you can be a full time trader with no day job, but if you are holding a normal job they see it as like going to Vegas - just a normal expression of our...

It's like asking "why can't I knock this guy out" when you have thrown everything at him. The time for the haymaker is when he's already staggering and almost falling over. When shorting anything, the tactical equivalency is a topping pattern (trend failure, usually seen as a broken parabola...

I agree with experience (if it ultimately leads to a useful set of skills). But many sound methods are out there for you to easily find, and I'm not talking chart setups. One of the richest men in the world has been very open about what to do, and there are others like him in the books Market...

Q2 in the books. It was looking sad for awhile, then another tail just ripped the account upward (still in progress, I hope.....). 60% on the year so far.

I agree with everyone here, and also it's good to know that shorter term strategies need very liquid stocks. And that aint penny stocks! One of the most reliable and profitable techniques I found by accident works great on penny stocks and you might even consider it "mean reversion" in a crude...

Just throwing this out there, because this thread turned into a very sad eulogy of many traderz dreams (and I had them too). Do you really think The Market is going to let you take money out consistently, if you don't give something back of equal value? Ever seen what happens to a field that...

I thought Elliot Wave analysis was convoluted but this is on another level. Kudos to you Gurus if you can understand this stuff. "The full offer of The Market" is enormous, if you can get it!

"The real money is in the main movements, not the day-to-day fluctuations"

There is a great sermon by John MacArthur on why the "prosperity gospel" is actually satanic. Think of it - the devil tempted Jesus three times, offering something material and worldly in a moment of extreme want. Any church that preaches gains in this life for following Jesus is in the same...

I agree (sort of). But even God punished Moses for not honoring Him and hallowing His name. He was prevented from entering the promised land for this. If your friends honor and respect the effort you put in (over many years and struggles) to get the knowledge they ask you for, perhaps drop...

Tails make the difference!

Few playerz will buy penny stocks if they gyrate wildly and there is no way to buy / sell without drastically moving the price. What a prime environment for a service provider to enter The Market and stabilize the stock, for a small fee, with the expected reward coming at the risk of having to...

I've heard this is true but only in the form of cash rebates for providing liquidity. If the exchange also gives priority to its most helpful allies, I know what I'm doing with my capital if it ever gets into the 8 figures. :) No joke, you can test many ideas for slinging billions on normal...