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@ironchef While I agree with you in theory that tighter stops could potentially reduce some of the trades that became eventual winners because I gave it extra wiggle room, this is not what I meant when I say tighter stop losses. If I look at the distribution of my losses, there are the normal...

Good news. I know it's afterhours and low liquidity and stuff. I long when I should have. I shorted when I should have. It's not many points. For me that's success. Following my rules for entry and exits and risk management. Instead of being biased long or short, I just followed the rules. When...

I would totally agreed with @Xela. The number of full-time retail traders who actually make a decent living is probably less than 1 in a 100. The ones who are good enough go the prop trading route or hedge fund route or set up their trading as a trading business LLC. Because once you have an...

So today I went to a restaurant and ordered a take out for lunch. The tab was like $8.90 or something. Then a thought came to me. So that's how the restaurant survives: a series of small orders and occasional family dinner and feasts. Then I made the same analogy with daytrading. I used to...

Whew! I got out of my scary swing trade! Made a little since I shorted early. Not super early like Gartman at the bottom. But early enough that it was pretty scary ride up! Then now I finally covered today given the reversal. Now, if it goes down more on Monday then I'll go back in and short...

When Gartman said he's modestly net long then it must be it's safe to short and/or maintain one. ;) https://www.zerohedge.com/news/2018-02-27/gartman-we-are-modestly-net-long-equity

I'm actually still short YM futures. It's been a painful hold. But to be honest, I've been so busy with my non-trading activities that I didn't really have a chance to even look at my account. I'll see what happens next... If it does rebound then I'll be out. I have an exit plan. From a higher...

Perhaps. Most likely spurious correlation. Correlation does not imply causality! The entire market has been moving up since the bottom in 2008/2009. You can arrive the same conclusion with other stocks too. Not just BRK.

OK. Time for reassessment. I was at one of my sister's house for a family dinner. Then one of other sisters asked me how come I don't go back to a normal Corporate job. She's not aware that I've been doing my side consulting and now come to a client's office 2 days a week and the other 3 days I...

I'm giving up! Swing trading is too scary relative to my small accounts. I'll just do daytrading with limited predefined losses. :(

I have realized in swing trading there are points to exit that are locally optimal. I suppose that's the same pattern intraday too. On Wednesday night which according to futures would be start of 2/22/18 session, I should have covered my shorts. Then reversed and went long. I thought about it...

I've thought about forming an LLC for my trading side. I would need to do significantly better than those #s above to be back to where I was in my old corporate job. So, here's what I'm thinking: Fixed Income Stream 1) My non-trading biz gives some income stability and I only need to be...

OK, guys. Here's the update. A client of mine for my non-trading biz wants me to be on-site 1-2 days a week. That leaves 3-4 days to trade. This is fine. I think it's forcing me to be a pseudo swing trader. I could see some benefits. You trade less and your gains are bigger relative to your...

https://www.thestreet.com/story/14491789/1/byron-wien-blackstone-group-stock-market-outlook.html "People were investing in equities with impunity. They thought there was no risk. The correction taught them that there is risk. I don't think they fully learned their lesson though. Now that the...

Just an update. I've been busy with non-trading stuff. But also I'm "stuck" in a position. I took a signal from a daily timeframe when lately I've been trading intraday. I "regretted" that very much. Then I zoomed out and see each daily bar/candle as just 5 minute bars. It's fractals afterall...

Can't believing this is happening again to me...

There is a good chance we will enter a bear market or some variations thereof. I'm a short term intraday to swing trader. I'm not so good with long term predictions. Nor anyone out there. But if I were to sit back and theorize a bit, I think this could be a long-term top. It has the look of a...

Good progress today! I didn't lose money despite the Dow losing a 1000 pts. I learned from my mistakes! I did short in the morning but I was looking at the microstructure and got out too soon else I would have at least made 400-600 pts! Lesson learned. Sometimes being too detailed and micro you...

Finally compiled my stats for today. After a HORRIBLE day like Monday, these are much welcomed numbers. The first trade of the day, I lost 66 YM pts in 54 seconds! It was crazy! Then followed by 39 YM pts in another 54 seconds. I was like WTH?! But luckily, I did NOT lose my calm. I waited...

Today was much better for the following reasons: 1) Lower volatility. So I can enter at reasonable prices and sit through the movement as the trend evolves 2) I followed my setups. It's just crazy. EACH and every time I violate my rules I lose money. When I'm calm and collected and execute as...