I like where this thread is going. There have been some very thought provoking posts so far. With regards to baby boomers having a third chance...
I am thinking along similar lines. Does anyone know of a bear market happening without the smart/big money first offloading to retail?...
I have a prediction for you. The lows that were seen in many stocks (AAPL, BABA, FIT for example) won't be seen again for many months if not far...
Bought FIT at $33.30 ... currently at $37.20 ... been as high as $39.70 earlier. I'll hold till end of week and re-evaluate.
Exactly. The fear was palpable. IMHO, at the end of this week it will be clear that buying fear, especially extreme fear pays off.
There was a lot of forced liquidation going on since last week. The open looked like capitulation. Flash crashes don't come around often, but...
... nice. I saw some crazy bargains around the open. BABA $60, PYPL $31 just to name a couple.
I find that a healthy dose of paranoia helps the P&L.
BABA was too obvious to be a buy, IMO. I doubt this will move much higher till enough weak hands have been shaken out, then ... look out above.
Even if you think that you are managing your trades optimally, you can count on one thing. There are traders out there that are eating your lunch.
If you don't know what you are doing, you will lose money trading without SL If you don't know what you are doing, you will lose money trading...
There is good money to be made trading breakouts. BTW I am talking about daily bars and/or weekly bars. I have no idea how breakouts fare on...
In my humble opinion, "The closest thing to holy grail" is: 1. Don't lose money 2. See rule #1 There is a difference between knowing the path...
Past 3 days has certainly been a good time for breakout trades if you happen to have been in SRPT. Thank you Mr Market!
Slightly off topic but what kind of ball-park percentage returns (say on a 12 month basis) do you short term traders achieve on an average market...
IMHO the difference between mediocrity and greatness in trading comes down to emotional discipline/control, patience and a balanced constitution...
All fair points, not much to disagree with. Maybe it is trying to beat the system or maybe it's just enough screen time has allowed me to develop...
We are all trying to beat the system in our own ways. Don't you think? If you knew me you would laugh at the idea of me being a gambler. 90% of...
Really? Why do you say that?
Yes keeping a journal as others in the thread have recommended also is solid advice. This seems like right way forward. So far, I have been...
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