Any business venture is a gamble if you manage the venture badly and don't do all you can to develop expertise in your chosen field.
Personally, if I was looking to pick a stock in this industry, I would be looking at a sector leader like BW or MRB.
I personally don't trade specifically based on earnings reports, but I think that a colleague of mine uses www.zacks.com to monitor...
My play would be on a break through $492.
The stock looks a bit neutral at the moment.
U.S. Share Trader
I know I'm a bit late on this thread, but the best I could do regarding the above is make 50% a year trading stocks (which I've done for...
Throughout the year, I normally have a 10% drawdown on my total trading capital once every 2 to 3 months.
As for how many strategies and...
I make 50% per annum as a Position Trader.
The largest drawdown I've ever had was about 18%.
Hope this helps.
I will be happy to answer...
If you're only checking the market once a day, then at least you can go off and do something else to fill your time and then come back to it the...
To answer your questions:
a) Money management is absolutely crucial - you could have an excellent system that generates superb...
Now that I am clear on the rules, this will not happen again.
Getting back to the tread, I am personally a big fan of "low maintenance...
Wider stops don't have to mean more risk if you position-size correctly.
If you sized your positions right, then 4 or 5 bad trades...
I personally take this approach also.
I spend 1 hour each morning monitoring my positions and setting up my trades for the day.
If you know...
I'm always confused when people claim that the markets are constantly changing and evolving.
I disagree with this completely....
From what you are saying, I would suggest that your position sizing method may be a large part of your problem - that's before we even...
During your testing, what position sizing method were you using for your trades?
The Holy Grail in trading is finding a strategy that suits YOU.
To quote Jack Schwager:
"There are hundreds of trading systems that work,...
Just caught up with this thread and read through your posts.
When you say that during your backtesting, your system works on some...
I trade every day using a laptop with a wireless card, both at home and in hotspots.
It has always worked fine for me.
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