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Your website is loaded with positive client testimonials. Good for you. Am I to assume that you have never had a client who lost money in the markets while with your program?

That's an interesting obvservation. When applying the Golden Rule, one has to be very selective!

You will need a VERY significant move in your favor to profit with a long call or put. When you are entering after sharp moves to the upside or downside, volatiity is up and priced into the option. As volatility pulls back, your position will suffer. Add the spreads and trading costs, and...

Well, actually, every state lottery uses that strategy. It works for them. :eek:

If that is in fact one of your criteria for entry...buy into a rising RSI...then you may be up against a market environment that didn't exist during your demo period. We've been through a long period of unusual strength that supported trading the long side. A change in conditions at this...

Some level of anxiety is always present in trading. So don't feel that you're alone. But you won't succeed unless you can get control of it. One solution is to trade very, very small so that your fear is not a factor in following your system. Once you become more comfortable, slowly...

So you're proud of yourself for screwing your creditors out of what you owe them? Nobody held a gun to your head forcing you to put charges on your credit cards. You should take a minute to think about the impact of your actions on the people who made the stuff you bought, or provided a...

You're right. Good point.

I have no problem giving 5 cents a trade for a good cause. But "combating global povertry" is not on that list, unless and until anyone can figure out how tossing money at the problem is going to result in anything other than padding the Swiss accounts of despots.

I don't exclude stocks that perform poorly in an otherwise good system run on a portfolio, unless the stock is in a sector that I would generally not trade at all. I am more interested in overall statistical probabilities of the entire portfoflio. That's just my personal preference. EFTs...

I 'swing traded' for years but moved my trading to intraday only. Same system, much shorter timeframe. I am completely systematic, but I don't shut off my brain if something smells bad. I don't have metrics to share. IMHO, you may be getting farther into the weeds on that than you need to...

That's a good list. In addition, you might want to add (1) Companies that have just warned or issued poor guidance, (2) Any pharma or medical device company that can be impacted by regulatory news, (3) Companies with seriously negative EPS. Over time, you will find in most cases that if you...

LAST/EMA as a custom indicator. Chart it and you will see your deviation.

I'm glad somebody said that. My thoughts precisely. Unless you are scalping for 1 penny, what does HFT have to do with anything? The more volume, the better. IMO, there has seldom been a better environment for trading intraday in the past 10 years. Spreads at 1-2 cents? What a dream!

Interesting presentation. Regarding the speaker's point that the best motivators are Autonomy, Mastery and Purpose, trading certainly provides the first two. But Purpose...outside one's own small world...is sadly lacking for the private trader.

LOL. Coming to a phone near you...in 1988.

The way to make money with mean reversion is to study and trade capitulation and euphoria. Daily indicators alone will not do this for you, as they are lagging and mushy, and won't help you catch true turning points effectively. They are simply averages of action over an X period of time...

Invest in software that will permit you to backtest. An added plus if it will also let you playback the daily session so you can watch intraday price action as though it was in real time. Don't trade live until you can make money in simulation. That alone will keep you busy for a couple...

That's a well-written piece. Thanks for posting.

And I'm sure that Michael Douglas will be happy to know that his voice is being used on the site from the movie "WallStreet". I wouldn't want to be running this site when he gets a call from Oliver Stone's attorney.