No sh6t. "Top-notch market timing skills" are vital to trading success. Everyone strives, aspires, to understand the market. If a trader has the above, they don't need deep pockets...money will come to them, flow to them, like a rapid river or dam breaking.
i would say practice with the same amount you use on your simulation to your actual real trading. because that is how most noobs blow up. they don't practice with the same amount.
%% I like your 64 dma; even though i dont use it, it has the advantage of front running the WSJ 65 dma/LOL
%% Good + wise ones. Except i dont think you can really ''keep emotions separate from trading''--but you sure can keep emotions from goofing your trading or investing. Use a written plan/resting orders, scale out + scale in sometimes.......
I heard that! When I first started trading I wish someone would have put a gun to my head and told me I was only allowed to take a max position size of $500 or they would pull the trigger. That would have saved me a few thousand dollars.
According to me solid trading plan includes : Trade research. Trade management. Trade exit plan. One should be particular about all aspects of trading rather than just trade entry to have a solid hold of trading.
You might be ready for this... https://www.elitetrader.com/et/thre...solid-trading-plan.340340/page-2#post-5011924
Your strong trading strategy might include anything you think will be useful, but it should always include: 1 Your trading motive 2 The time commitment you want to make 3 Your trading objectives 4 Your risk-taking mindset 5 Risk management strategy 6 Your strategies