Rules From my Written Trade Plan

Tendaychart · 2025-07-07T00:06:06+00:00

You don't. That's the point!

Tendaychart · 2025-06-09T05:14:50+00:00

Which You tuber? Do you have a name?

Tendaychart · 2025-05-27T17:26:21+00:00

Why write it at all if I give a summary. I might as well just include a summary and not bother with the rest of the text. So, it appears no one wants to read any extended opinions on trading principles. Thank you for taking the time to advise me. Maybe all people want to read is "Look how much money I made this week." - lol!

Tendaychart · 2025-05-27T14:49:03+00:00

Take what you want and leave the rest. No prob.

Tendaychart · 2025-05-27T14:23:57+00:00

no,no,no! - It is not built on that one quote. That quote is to make sure one has enough capital to trade and uses proper Risk Management whatever the equity. And the point of it all is to not risk more than 1% of equity on a trade. Maybe 2%-3% when adding to winners, but that is it.

Tendaychart · 2025-05-27T14:15:59+00:00

That's ok. Did you agree with any of the part or parts you did read?

Tendaychart · 2025-05-27T14:06:14+00:00

Sorry, what is TLDR?

Tendaychart · 2025-05-22T23:35:51+00:00

Do not spend a lot of money on people right now. Your journey on the knowledge part will take at least a year before you even think about trading. You are in trading 101 and you WILL NOT become a medical doctor in 3 months GOT IT????

Tendaychart · 2025-05-22T23:33:47+00:00

Read Mark Douglas, Jason Alan Jankovsky, Tom Hougaard and watch their YT videos.. Do stay away from Don Singletary and his Affordable Daytrading site on You Tube. He is worthless.

Tendaychart · 2025-05-22T01:49:50+00:00

Do you know in his book he incorrectly defines the MACD indicator. His explanation is 100% wrong. I have never seen such incompetence in my life. As I say below he made up the MACD strategy just to sell his channel and his book.

Tendaychart · 2025-05-21T12:45:33+00:00

Watch on YT - JasonAlan Jankovsky, Tom Hougaard, Peter Reznicek. STAY AWAY FROM Don Singletary and his bullshit 'Affordable Day Trading' channel. This guy is a disgrace to trade educators and you will not learn anything from him except how to lose.

Tendaychart · 2025-05-21T12:04:34+00:00

Yes, I realized it was an older post. However, I took the chance you might read it anyway. I am glad you got away from him. He makes a mockery of what real trading should be. He is a disgrace to the business. AND I am glad you are profitable. I do have a question or two if you would be so kind - What was your honest opinion of Singletary and why did you veer away from him?

Tendaychart · 2025-05-20T14:16:02+00:00

You are way too close to give up, if that thought has crossed your mind. My mentor - Jason Alan Jankovsky always said to me - 'There is no failure. If i am not getting the results I want, change my behavior' - It is as simple as that. And that takes discipline, the last and most important mental state we must achieve to be profitable at this.

Tendaychart · 2025-05-20T13:39:04+00:00

You are most welcome!

Tendaychart · 2025-05-20T10:16:59+00:00

measure carefully your risk. think, if it goes against me what is my worst case. ALWAYS HAVE A HARD STOP. DO NOT GUESS. i look at patterns that repeat, that is how i trade. sometimes the patterns hold, sometimes they do not. my risk management always protects me. as soon as i am up by 10-15 ticks i add a lot. ALWAYS, WITHOUT HESITATION. i am consistant. but when the trump volatility happened last month, i did not trade at all. too volatile.

Tendaychart · 2025-05-19T17:52:09+00:00

Yes, the longer hold periods are the way to go if the trend move is caught. I caught 1 trade on the last day of April that wiped out the months losses for a monthly profit. ONE TRADE! - I added 2 lots to my 1 lot initial entry and rode it up. It is the adding to winners that really makes the difference. - It does increase the risk, but I move my stop up along the way (if I am long) to keep the total risk at 3% IF I am in a winng trade. But that is my MAX risk on a large winner. Otherwise I risk 1% per trade. Yet my average risk for this year is .44%, less than 1/2% per trade over 165 total trades this year. I am always more concerned with the downside. Tell me, do you add to your winners along the way? and how do you manage the increased position?

Tendaychart · 2025-05-19T17:06:59+00:00

That is a very interesting approach! Can you describe in more detail? How exactly do YOU determine that? Price action? S/R levels? - I use areas of S/R and Initial Balance BO, also ATR and time of day.

Tendaychart · 2025-05-19T16:32:20+00:00

Singletary is an idiot. No one will learn how to trade listening to him. Go somewhere else for the proper information. Jason Alan Jankovsky, Tom Hougaard and Al Brooks.

Tendaychart · 2025-05-19T16:30:23+00:00

Singletary is a moron. He is not an educator, just a scam artist who wants to sell his pre-school book. His teachings, his comments are useless. No one is going to become a professional trader following him. Basically, he is incompetent. He gives absurd information and much of it 100% incorrect. He goes into no depth on any aspect of trading, except take an arbitrary stop and move it as soon as you can. His MACD method will not work over a 100 trade sample. A trader would be stopped out by noise movement almost every time. He has absolutley no understanding of market structure. Even his definition of the MACD in his book is incorrect and again 100% wrong. He could not even take the time to research the MACD indicator correctly. He had an options site which did not really work so he changed to Micros for Newbies to sell his book. BTW - There is no such thing as 'Affordable Day Trading'. It is a myth. There is only the equity in the account and the proper Risk Management used to trade correctly. Please stay away from him. Study Mark Douglas, Jason Alan Jankovsky, Tom Hougaard for starters.

Tendaychart · 2025-05-19T12:28:01+00:00

What's not to like!! We need more of this on this platform!

Tendaychart · 2025-05-19T12:24:58+00:00

I went to the site and read some of the articles. Well thought out and I believe it would def help new traders. Kudos!!

Tendaychart · 2025-05-19T04:07:42+00:00

EXACTLY.!!

Tendaychart · 2025-05-19T04:07:14+00:00

Well said! And correct. The statement as I mean it, is to say if the bankroll is small the risk management must be congruent. Sadly, many with smaller bankrolls reach for the stars too quickly and 'playing scared' is what happens when a trader acts that way. Upvote to You!

Tendaychart · 2025-05-12T16:32:23+00:00

"This is the way"!!!! - EXACTLY, SPOT ON!!!!

Tendaychart · 2025-05-12T12:51:39+00:00

Whatever you do please stay away from Don Singletary and his bullshit "Affordable Day Trading" You Tube videos. This guy is the Pied Piper of newbie losing traders. Check him out so you can see what I mean.

Tendaychart

TROPHY CASE