I watched our advisor do the same thing for some years and realized that buying a couple of Bogel's books added more value than the ongoing 1% they were charging to implement Bogel's strategy. One of the best investment choices I made was removing that 1% fee and moving our investment/retirement accounts to TD Ameritrade.
Good food for thought. I don't mix LT with trading, ever. Separate money. I don't think I'll ever quit. (well, i guess never say never). I think i can figure this out, once my discipline is under control
Can't argue with that. Some can manage that on their own. Others can't. Those were my clients. I did planning for them too, though. With some clients, I honestly felt overpaid, with others, they werent paying me enough for what i did. If they became a pain in the ass, i fired them.
How long do you spend in front of your screen during market hours? What timeframe charts do you get most of your entries from?
I probably spend 2 hours a day, Mostly on my iPad TOS Mobile. If I want to look at more detailed stuff ,I’ll go to laptop as far as entries, can’t answer, I just haven’t done that many trades. But I like to look at daily charts, 6 months, sometimes I’ll look at the intra day chart or 50 day. I’ve said before, I still don’t really know in detail what I’m doing, don’t have a process.
I know how to look at a chart and tell if a stock is trading above its moving average, I know to look at volume on the upside of the downside, I can tell from the chart when a stock is building a base or is extended from the break up, things like that if that’s what you mean. But I don’t have any specific set ups that I decided to take see as entry points if that’s what you mean. So many different ways to trade not sure which way is right for me. But I know I’m more interested in position trading, maybe some swing trading, then daytrading
Just a guess, maybe 10 a month 15 a month. Hard to say I don’t really have a sense. Also depends on my win rate average gain loss