Great question, for multi-week trades I use 90day daily candle charts with 50/100/200SMA for decision support.
Many other tips are in my popular Trading on Momentum column articles in each month's Technical Analysis of Stocks & Commodities magazine
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- Thread starter KCalhoun
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Great question, for multi-week trades I use 90day daily candle charts with 50/100/200SMA for decision support.
Many other tips are in my popular Trading on Momentum column articles in each month's Technical Analysis of Stocks & Commodities magazine
This is a real sticking point for many traders, including myself.
I can ‘trade millions’ in a few minutes lol.
this is not even peanut size. Sesame size maybe.
how about netting millions. I am sitting near 3. Peak was 4. That’s how you actually make this whole thing worthwhile.
but sponsor is sponsor. It’s all good lol.
now continue on with my zen study lol.
this is not even peanut size. Sesame size maybe.
how about netting millions. I am sitting near 3. Peak was 4. That’s how you actually make this whole thing worthwhile.
but sponsor is sponsor. It’s all good lol.
now continue on with my zen study lol.
Smart questions
1. I take a mix of small stops, breakevens and wins constantly, it's a numbers game.. by tight stops, and this is crucial game changing stuff, I mean inexpensive stops.
So I often start a sequence of day trades with just 20 shares with $2 trailing stop (big stop but small size) to reduce shakeouts, and do many trades, often 40-60 a day.
2. For swing trading see what I'm in over the weekend, all small positions but many of them, using 2day lows as stops. The small size makes cost of negative gaps minimal
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Hey I actually agree with you for once, yay. I've done millions worth of trades but even on good years netted peanuts.
That's why I'm still an educator, because I make my main income from teaching thousands my lessons learned vs netting a lot.
My point is at least I have a lot of experience to share from extensive real trade experience, unlike 99% of educators, who aren't even real traders.
If I netted millions wtf would I go through the hassle of being an educator. I'm very honest about who I am and what I offer. Many traders have found it helpful.
Unchain yourself, Django.
Well said, lol. That's why I'm here, hoping you guys can encourage me, help me kick my own butt into gear to trade larger size : )
After 20 years of teaching I'm tired
Large development takes time.
Both personally and market wise.
What does matter is moving forwards,
Profitability brings money which brings size.
We can’t start and just trade billions overnight.
Start small and build up. That’s what you’re doing.
So eventually ... You should reach your goal.
Slowly but effectively. Keep grindin’ !
Wealth isn’t money.
It’s the structure and processes.
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that's an honest answer and you deserve credit.
industry stats show 95% lose money 5% make money 1% make enough for a living.... so it's a legit effort to help people into the 5% even if not necessarily into the 1% yet.
I'm not expert, but are you pyramiding into a trenddddd.... ???