10 to 20% per month (40% with margin)

Quote from socalpt:

One of the book that I like was written by Guy Cohen, he used some of the very simple and fundamental methods around.

Enter and exit a trade is a learned skill; you have to trade for real to be able to have the feel for the market, and use fundamental analysis to learn about the stock.
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One thing I like about the Stock Simulators is that they don't let me cheat on entries and exits.

But, as I watch the real money trader who I share an office with, I see that the psychology and feel are totally different with real money.

Thanks for the suggestion on the book.
 
Quote from TraderEO:

Well said. And thank you for your comment.

My steps:
1. Get pick system down.
2. Polish my entry method.
3. Learn exits and stops.
4. Money management.
5. Psychology

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Your higherarchy of priorities is backwards.

the system and entries are not anywhere near as important as your money management and psycology.

ignore stock picking, ignore entry methods that s maybe 5% of the equation...work on a 50/50 coin toss theory on directions and how you will keep form losing money. when you have that down, then learn technical analysis, and entry.

you are doing what most people do in the order that most people do it.

Most people lose money.
 
Quote from dac8555:

higherarchy .
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wow..i cant believe i just spelled it that way...how embarrasing
hierarchy. jesus. was i raised by a pack of wolves?
 
Quote from TraderEO:


Personally, I am 100% sold on the fact that this system finds big movers, before the big move. But, I am only 60% sold on the idea that it will also accurately point out the direction of the move.
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LOL! I think I am on solid ground here in saying that a system that predicts movement without knowing in which direction...probably needs some work!
 
Money management is my number one priority, you try to balance the number of trades depending on your wins and losses; and stay in control at all time, no impulse buying or selling by and learning the stock before hand.
 
Quote from dac8555:

Your higherarchy of priorities is backwards.

the system and entries are not anywhere near as important as your money management and psycology.

ignore stock picking, ignore entry methods that s maybe 5% of the equation...work on a 50/50 coin toss theory on directions and how you will keep form losing money. when you have that down, then learn technical analysis, and entry.

you are doing what most people do in the order that most people do it.

Most people lose money.
More...

I'm sure 90%+ traders agree with this. Risk/Money management and psychology is the most important part. But I think stop orders take out alot of emotion in the game.
 
LOL! I think I am on solid ground here in saying that a system that predicts movement without knowing in which direction...probably needs some work!
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EXACTLY! That is one of the things I am doing here.

And, I am very thankful for the comments/suggestions I have gotten so far.

-TraderEO
 
Got to leave for the weekend, so I can't stay and watch it like I should ...

But, first two stocks have moved or at least begun their moves:

DELL up 11.08%
BRCD up 13.01%

Money management, and exit techniques would come into play here, but that is not part of this particular test.

Have a great holiday.

-TraderEO
(Simply A Trader In Trainng)
 
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