Swing Trading For a Consistent Return

Illini Trader said:
Gotta try to find an edge somewhere and this is what I am trying at the moment.
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Steve has something to consider.
Mastering Probability is a Timer's Digest Ranked Recommendation Service (14-Day Free Trial), and Steve Has a daily 1 hour show, and Takes Live Calls on his show. Not too shabby.

Mastering Probability, https://www.masteringprobability.com/

Trader's Edge with Steve Rhodes on TFNN - 2021
https://www.youtube.com/results?search_query=Trader's+Edge+with+Steve+Rhodes+on+TFNN+-+2021
 
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"Every trade provides you with the entry, stop, target & number of shares to purchase"
tfnn sr mastering probability.jpg
easymon1 said:
Steve has something to consider.
Mastering Probability is a Timer's Digest Ranked Recommendation Service (14-Day Free Trial), and Steve Has a daily 1 hour show, and Takes Live Calls on his show. Not too shabby.

Mastering Probability, https://www.masteringprobability.com/

Trader's Edge with Steve Rhodes on TFNN - 2021
https://www.youtube.com/results?search_query=Trader's+Edge+with+Steve+Rhodes+on+TFNN+-+2021
More...
 
Made no changes today. On the Open Positions, Shorts are about even but there are profits in the Longs. Overall results June 1st Close to Date; +.75% DJI -.53% SPX +1.26%

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Well, I was short 11 GRUB and they had a merger/acquisition and charged me a 6% "Mandatory Reorganization Fee" and somehow I ended up -36 GRUB after the change. No big deal dollar wise but it messed up my small account percentage tracking.

Also I had 10 positions (5 short and 5 long) and had healthy losses on 9 of the 10 positions. So all considered I have lost interest in this style of an experimental trading exercise. Therefore I will make no further trades for this Journal. Thanks to all who participated and offered suggestions.
 
Illini Trader said:
Well, I was short 11 GRUB and they had a merger/acquisition and charged me a 6% "Mandatory Reorganization Fee" and somehow I ended up -36 GRUB after the change. No big deal dollar wise but it messed up my small account percentage tracking.

Also I had 10 positions (5 short and 5 long) and had healthy losses on 9 of the 10 positions. So all considered I have lost interest in this style of an experimental trading exercise. Therefore I will make no further trades for this Journal. Thanks to all who participated and offered suggestions.
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What will you do now, back to the drawing board and attempt a new idea?
This is the problem, if one trades with incorrect logic one is always attemting to tweak a system because they believe a tweak is what's required.
Do you have any ideas on thoughts of what to do next?
Anyhow thanks for the journal.
 
On what to do next? Yes I do. I am going to add 25K to my account and do only intraday PTD with a population of 40 of my 64 stocks I was using on this Journal.

My idea is to get to full throttle of a maximum of 4 open positions of 25K each and of course flat at the end of the day. Starting out I will go 10% throttle or $2,500 per position then increment up to 5K, 10K, 15K, 20K, then 25K per position eventually utilizing most of the 4x leverage allowed under the Pattern Day Trading Rules.

My definition of "Full Throttle" will be 90% of total account value allocated to each of 4 maximum positions calculated anew every morning.

As per my spreadsheet that I posted earlier in this thread, I had some success trading APPLE for the month of December but I was glued to the tube and made way too many trades. This time I want to trade multiple stocks and stay in trades much longer so we will see how it goes. Still trying to decide weather to make it a Journal or not. If I do make it a Journal I will probably just post my daily spreadsheet with a Monthly screenshot of my TDA statement to prove that it is real money and the profit (or Loss) figures match.
 
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