Counter trends often retrace about 1/2-2/3. Here is an example of having fun with Fibs to short GE @ the key Fib levels. #1 & #2 Fib 61.8%, #3...
What did one tranny say to another? Lets eat, drink, & be Marry.
My trading goes best when I anticipate moves well in advance & have placed a bracketed order. This keeps my impulses in check & makes my trading...
The vast majority of retail traders add to losers sine its more comfortable. Novices lean into losers - pros lean into winners. A trader makes...
#1 Add onto a winner on the way up when the trend is strong. Avg into a loser on a trend day & get pulverized, this is doing that in reverse. #2...
I don't have that problem any more. I am taking profits along the way & my runner position has a stop at break-even or better. I may add on more...
Why screw around with always being so close to the entry, in constant flight/fight mode, & always throwing new risk into the mkt. This is my ON...
10-4, having same problem - not updating in the ETH.
They could have easily traded against the order flow & made a fortune with no risk, to bad they are lousy traders.
Bull mkts are said to move in a pattern that resembles a stair case, this is the best stair case chart of all times. [ATTACH]
Ken - just pulling your chain man. Most people on here seem more long side biased. Older traders like us that have been through some ugly bears...
That's all I needed to hear, with Ken shorting after a few hundred point drop I am loading up long to the max! "I called it" is for the should...
Amazon Bezo's warned that things are going to get ugly. The consumers are tapping out their credit cards....
SBF describes his Ponzi scheme - April 2022. [MEDIA]
Everybody has their 15 minutes of fame being the smart money.
Yes, you can setup IB bracket orders for a symbol with a % stop & % profit: https://www.interactivebrokers.com/en/index.php?f=19017#02-06
It's real simple ... live below your means. No point in working your tail off if your not saving at least 20% of your net income & investing it....
Largest mistake traders mistake is they eat like birds & sh!t like elephants. They let their losers run & exit winners quickly....
Risking 12 points to make 1 is the road to ruin regardless of your short term PnL, it's only a matter of time. Flip it around so that your...
On Maui the car rentals went insane when tourism started to come back, the cheapest rental was $722 a day....
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