At least it's commish free lol My goal will be to do less than 5 trades each morning unless my net profit is up by $500-1k
it seems more like psychology question. traders either don't know how to trade or know how to trade ( but still cannot earn money). for those who know how to trade ( but still cannot earn money), they either overtrade or undertrade overtrading - they are trigger happy people. their experience is probably trigger happy type. when they pull the trigger, thousands of bullets will come out of machine gun. undertrading - because of their inner fear due to their past experiences, they check and double check and triple check. by the time they are ready to pull the sniper rifle trigger, the war is over.
That's a reasonable goal, I believe. I love the action too but I have noticed a long time ago that profitability has very little to do with the number of trades I initiate every day or every week. This may seem totally counter intuitive of course, since most traders believe that more trades equals more money.
Shot Gun approach. Throw out a lot of trades and different strategies to see if anything works. It seems you are cherry picking the winning trades for your presentations. Do you ever do articles on what you tried that didn't work? Would probably be educational but wouldn't sell. The problem I see with this approach is that when you have a string of losing trades you never know if it's the strategy or the trader that is the problem.
It's a ligit question. His posted position size is usually about 6 hundred bucks, If he makes 500 profit in 5 trades he's a trading genius.
I don't write articles but yes I spend a lot of time figuring out what doesn't work. I keep suggesting. find out why traders fail then don't do that.
I will increase position size, do fewer trades, and spend more time on postmodern analysis of stopouts than winners.... good idea, thx