No - he's long gold from the current tick, and has been long from 1950 to 1235, a catastrophic drawdown. There is no such thing as being long from...
Lesson: always have a plan B for what to do if you are totally wrong.
Well - he needs to also consider 'how far could this trade go against me and I'm still probably right?', and then 'can I handle that heat and stay...
It's the classic dilemma of long-term trend versus short-term timing. My solution to this is fairly straightforward - always have on the long-term...
When to short is simple - when the price action AND other factors start acting bearishly. That is all you need to focus on. The common mistake...
There's a major inconsistency here - you are using long-term reasons to support the trade, but using short-term small blips in price to determine...
Ok fair enough, that is a good reply - maybe I was too critical. The fact that you didn't reply defensively is a good sign (and a rare response)...
From my experience, the max DD pain is generally about half what a person says or thinks it is. Also if you are going to make a mistake in sizing,...
I am just long stock indices and running a fairly tight stop. We just did a classic breakout, so the market should not fall back significantly if...
My views: 1. You are trading way too often, on marginal (at best) setups 2. Your stops are too close, and are in obvious places 3. Losing 60...
Exactly. The current capitalist system does not necessarily reward entrepreneurial skill, or the provision of valuable goods and services. To a...
3/4 of a century ago, industrial psychologists found that working more than 40 hours per week is actually counter-productive. The reduction in per...
If the stock is halted with the put OTM, it is absolutely possible for you to get exercised. In fact, it is likely, because a halt implies that...
Ok I don't want to come off as using hindsight bias here, but this clearly wasn't a fraud, or bankrupt stock, there was no insanity, and it was...
But expiring worthless during a halt doesn't mean you win - you would most likely be assigned long the stock from the strike price, because if...
Because they think it's going higher, doh. The real question is why they think it's going higher. It's because they assume that recent price...
Girlfriend or wife as trading assistant - what could possibly go wrong? :D Simple question - there is an envelope with 500 dollars on your...
That first and last sentences are problematic. It is not enough for a pattern to have been somewhat predictive in the past in order for it to be...
It's based on a fair bit of time and effort trying to find a way to make money from trading gaps. Of course I may have missed some edge there with...
Tip - most gaps have no predictive value. Try to focus on what type of gaps, and what subsequent market behaviour, are highly predictive. Greater...
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