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2 new question or answer this week. You have to register for the forum! If you have an account, you have to login.

1) Do you buy first stage bases?
2) Interactive Brokers German Tax

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Most growth and momentum stocks are in a down trend. Risk-off is the theme in the market and that means: Conservative stocks and large cap leads. Old, established companies with stable EPS / sales are preferred. Riskier, younger companies are on the sell list of the institutions. A bad market for me and a bad market to make big money.

Waiting patiently until the right stocks are back in favor is a key skill of a position trader. I don't trade anything and I don't switch styles. If I would do that, I would be 100% invested in the wrong names when the really outperforming names are coming back!

Observe the growth stocks and growth oriented indices and be conservative with your trading until they come back.

This week I have 17 stocks on my watchlist, 4 less as last week. There is almost nothing to trade on my list at the moment.

Would you like to learn how to find stocks like below? Look into my video course Growth Traders Toolbox.

We all have expectations and we all started trading to reach a certain goal. The goal is always to make money, but the underlying expectation and the underlying motivation is different.

Some people started to trade to make a living, some people started to manage their retirement account and other people started to have an exiting hobby! All those people will fall into a trap: More action means more outcome!

While you have a relation between work and money in your day job (not in all day jobs), you don't have such a relation in trading. In trading you make money when you place the right bet in a situation when the odds are high to make money! It's like a game with probabilities. Working hours or the number of trades have no linear relation to the outcome. The only relation which exists is trading frequency and outcome when the odds are high to win a bet.

A huge problem is that many traders increase their trading frequency in bad market environments. If they notice it or not, it's a type of revenge trading and it has a lot to do with your motivation. You try to force the outcome instead of letting it develop naturally. If you catch yourself thinking or saying "It must work! Come on! …", be cautious. It's the first sign that you try to force something which is not available.

The best way is to overthink your motivation. Often the strategy you use doesn't fit to your motivation or expectation. If you try to make a living from trading with a position trading, mid term or long term trading approach, your expectations will not be fulfilled in a year like 2021. You need a day trading or swing trading approach.

If you want to manage your retirement account, you have to accept to be out of the market for many weeks or months. If you want excitement, you get it, but lose money!

I personally tend to over-trade bad market periods, but I limit the damage to a minimum. My expectation is not to make a living from trading, I want to compound my money. I know that a great market with triple digit returns will come … but maybe it takes some time. I must accept lower returns in bad market periods.