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In my experience, traders lose money because: 1) they don't have a profitable system (so no matter how well they follow the "rules", they still lose money) 2) they don't follow their system's rules (not that it really matters, anyway) The issues you mentioned don't even really come into...

6/22 SPY: -$7,254 Hedge: $3,517.50

is this why today was a big up day?

Jun 17th was the SPY ex div date. 0.628 per share * 1,800 shares = $1,130.40 coming my way.

Wow one of the biggest up days we've had in a while. Anyone know why? SPY: -$5,850 Hedge: $2,931

You should do what works for you. You don't have to wait for the markets to hit their highs again. Remember, each time you average down, your break even point becomes lower. It's possible to exit significantly under your intitial entry price and still profit. There are indeed risks to...

Choose you instrument carefully. Still though, a large account size is an edge.

With proper entries and position sizing none of these are issues. Sometimes you might have to wait a while (weeks, months) for the trade to come back up to your target profit, but you should never be in a situation where you run the risk of blowing out. And if you're hedging, then you're...

Exit and reverse only works if your fundamental reasons for choosing a direction have changed. I would bet that it usually results in trend chasing, however, such as in this attached pic:

It is a phenomal edge. Intradaybill is correct for agreeing with me.

A lot of this type of trading involves waiting. Yawn. SPY: -$9,000 Hedge: $4,361 May close the hedge tomorrow.

Cuz they don't do it right. Of course, being able to correctly predict direction means you don't have to average down; you can go all in in the correct direction from the beginning, which is going to result in significantly higher profits which will come much quicker, too, because you don't...

Next SPY long entry point will be buy 1,400 shares at $124.10.

Most likely because they were over leveraged

It wasn't advice, it was a possible edge. Assuming you can predict direction, that is fine. Otherwise, you'll end up chasing price, buying tops and selling bottoms. In other words, say you buy and then price goes down and you are thinking "time to take a small loss and reverse." What...

Wish I had sold those options a while back. Haha.

"edge" is the most overused term here on ET. It's like, anyone asks a question, and the reply is some "guru" talking about an "edge." All an edge means is the thing that makes you profitable. Here are some examples of edges: - having a holy grail indicator or an indicator that has a...

No, as I mentioned earlier I wasn't going to sell if it went below the 0 line. You have to follow that rule more literally when you're day trading with tons of margin. I don't believe this trade is a lost cause and I'm not in any danger of blowing my account (the way I might be if I was...

SPY position: approx -$10,224 Hedge: approx $5,379

What about the $CPCE suggests that a rally is coming?