Perhaps you guys can help with this puzzle. My top skill for 20 years is being really good at calling specific live entries and exits for daytrading stocks. I'm a squawk box and have done it well, eg like my long 19.3 KODK call today. But I'm not nearly as good when it comes to actually trading where I know I should. I second guess myself and frequently miss out on great moves. Any suggestions? I've been content being a top shot-caller who also trades, but I'm missing out on benefiting from my calls. It's a frustrating conundrum. Plus I don't feel comfortable trading 1000s of shares. So I am stuck in vendor/educator limbo vs just trading for a living. Appreciate any ideas.
Set up a separate account and hire a person to actually trade with that account by strictly executing orders based solely on your squawk calls.
Another idea is to partner with another person that has significant capital but needs guidance on what/when to enter and exit, and you do that strictly a profit split arrangement. He executes the trades and manages the risk per trade, and you provide the entries and exits.
%% WELL I noticed you are good with downtrends/downtrend diversification/thanks; so whatever you do/keep trading etfs/3OR 2 times ETFS FRANKLY I stopped trading stocks/not because there is overnite risk/ always figured that/ok. BUT I got in a paycom trade+ for 50 days it had a small LOSS OR SMALL PROFIT/NOT AS GOOD AS SPY/QQQ...………………………………………………………………………………..ONE of the all time great %% gainers; guess what happened after I got out?? YOU guessed it maybe, it took off again/LOL. Strangest thing about trading/SOXS did have a 40% 2 day period last 2 years- thought that was a data error on my charts/ so @ least I know to double check etfs/it could lose 40% in 2 days also, KC Sounds like you should do both. {I/ve never even seen a stock I wanted to trade 1,000s of shares; etfs maybe/scale in + not in summer LOL]
Hey Baron, thanks -- great ideas. Agree with you on those... kind of like outsourcing or hiring someone to take the calls, makes sense. Many of my room members have stayed with me for years, I'll ask them too... thx
Us traders (gamblers) trade (gamble) without emotion. You are passionate and emotional, a good coach but not necessarily a good gambler.
Do you have data to back up you premise that you can call specific live entries or are fixating on the ones that you didn't trade? How many of your calls don't work out as compared to the ones that work out. Compare that to the ones that you notice because you didn't take the trade. If you were as accurate as you claim, you wouldn't worry about the ones you miss because the others would have worked out and you'd be busy counting your money.
%% LOL=good gambler. I dont think trading or investing is a gamble @ all.I know single stocks are more of a risk than etfs.] Soxs or SQQQ did >>40% in one day[actually half that on a gap up ;thats not a gamble its simply a higher risk/higher reward. Snce it was soxs i seldom traded either; but since i do tqqq /tech etfs all the time; ok on sqqq some. Good call KC, on sdow/my standing order never got filled; spy inverse etfs looking good also.Good thing i took profits ......+ sqqq this week/ i dont gamble anymore LOL