Rule-based discretionary trader w 15 years experience. Love your R-multiple, use worst-case scenario stops, and only buy enough so you still sleep at night. "If the Big Boys want it then I want it." If you watch prices all day then you own too much.
Not long ago a Wall-Street-Hedge-Fund-Finance-MBA guy, now a momentum trader. Father, husband, mediocre soccer player, numbers geek with a lousy sense of humor. Trading success is all about good defense: "It's About How Much You Don't Lose"
I use the pivot point formula to figure out trading ranges for the day, week and month. And also a big fib retracements follower. Here's a link
Canslim style, You only learn thru experience. Mkt is like poker/chess. Know the hand your dealt and manage risk accordingly. Try to think a few moves ahead, not like a pawn. Everyday in mkt doesn't matter. Know which ones do. 99% daytraders lose
Studied "How To Make Money In Stocks". Found the concept appealing. Adopted it. Made my own research. Found some flaws. Corrected them. Built my own investment strategy. Adhere to it. Here I am.
I am a full time technical daytrader. Started at the end of 2009, it's been such a blessing to learn so much from so many great people. I am so thankful for all the people that I have been able to meet and continue to meet.
Investing part-time will help lead to wealth accumulation and financial freedom. That's why I do it and aspire to help others do the same. I follow the CAN SLIM methodology.
Also follow me on Twitter: @MichaelGLamothe
eye doctor with 20 years of trading at home experience but no background in finance...dont follow me...i will follow you ... averaging 10
% yearly returns but looking for fast money for adrenaline rush now
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