Comments on Welcome to the Gutter: A Setback, Bounceback, and Milestone in the Gutter...

Thanks, Charlie! Good to hear from you. Glad you...

2011-08-06T12:39:23.956-07:00

Thanks, Charlie! Good to hear from you. Glad you are well.

Thank you, Rockoption!

Saw on Profitly, you are going parabolic! Very n...

2011-08-06T11:11:07.986-07:00

Saw on Profitly, you are going parabolic! Very nice leveraging without too much drawdown. Keep up the good work. Rockoptions

Congrats, I am still lurking. This is very cool....

2011-08-02T17:22:47.876-07:00

Congrats, I am still lurking. This is very cool. Glad you are recovering from kite ride!

Charlie G. aka Stock Rook

Thanks, RJ! Good to hear from you!

2011-07-27T21:18:08.585-07:00

Thanks, RJ! Good to hear from you!

James, Congratulations! This is extrememely impre...

2011-07-23T11:56:04.824-07:00

James,

Congratulations! This is extrememely impressive. I remember that we started trading together and I fell off the wagon but you kept marching on. I am super happy that you are in the 10% of the traders who make money and I think you deserve it.

May you get to be a full time trader very soon,

RJ

I live on the West Coast which allows me to do som...

2011-07-22T17:58:38.628-07:00

I live on the West Coast which allows me to do some prep during the premarket and trade for a few hours before I go to work. I also have a desk computer job at work where I'm able to keep an eye on the market and enter a few trades here and there. I do my scans at night and also update my trade statistics then. I don't need to study as much as I used to but when I did I did a lot of studying at night.

I did have a 9 month period in 2009 where I was unemployed which helped because I was able to devote full time to market hours.

My durations of trades are all over the place...anywhere from minutes to a month. It depends on the strategy that I'm using for that particular stock.

Michael, I definitely agree with you, especially ...

2011-07-22T17:37:25.552-07:00

Michael,

I definitely agree with you, especially with how you mention the importance of eliminating what doesn't work. That can go a very long way in helping with success.

Wow, your trading history is very impressive! I ...

2011-07-22T10:50:07.522-07:00

Wow, your trading history is very impressive!

I would like to ask, since you still maintain a full time job, how do you find time to research your trading ideas, keep up with the market, etc.? How much time do you devote to trading, are you watching the market incessantly?

And what is the average duration of your trades ie. how long do you usually hold a position?

Thanks for this blog; I just found it and it has been an inspiration to read. Keep it up!

Nice post, James. I found that my trading did not ...

2011-07-22T08:27:19.854-07:00

Nice post, James. I found that my trading did not become consistent until I really started tracking performance by strategy and breaking it down into pretty small parts. For me that happened in 2010. Now I can say that my worst month this year is not just positive but as much profit as my average month in 2009.

Once a trader has a successful strategy or strategies I think it is more useful to stop doing what doesn't work than to worry about improving what does work. For me that meant mostly focusing on true pump & dumps and trading fewer nasdaq stocks.

Here's looking forward to you hitting the next milestone and joining the ranks of the happily unemployed like me.

Thanks for the comments, guys. Glad you liked it....

2011-07-21T22:01:04.392-07:00

Thanks for the comments, guys. Glad you liked it. Audihere, you'll get there. Just stay disciplined as you said. And I can't recommend enough to keep detailed stats of your trades and setups. This will force you to really think about your trading and that you're not just taking trades randomly.

Thanks for sharing. Very interesting. Just joine...

2011-07-21T21:28:49.019-07:00

Thanks for sharing. Very interesting. Just joined IU myself. Hoping to be able to catch up to everyone else one day. It is hard and have to stay disciplined. So much to learn.

Audihere

Great article. very enlightening.

2011-07-21T21:02:32.650-07:00

Great article. very enlightening.