Dude you keep trolling me, please stfu. I'm a UCLA grad, award-winning TASC #1 Readers choice rated author and Moneyshow speaker. For the umpteenth time I make no performance nor profitability claims of any kind. Ive got thousands of followers and customers over the years because I'm great at teaching my lessons learned.
You doing good to me KCalhoun, You mangaing your risk and money management and you still in the game. I think last week a few friends ask me the classical question "is now a good time to buy stocks with market crash" I cleared my mind of all the news bullshit, went to the daily chart of SP500 and sent them this below. Seems simple enough of to me. It is best to do what the chart says do , and trust the probabilities. This is why we use stop loss to protect our risk.
Uptrend just based on D1 12sma the last 11 days, thinking YM 27,000 by thursday next week, then down again, when everyone switches sides LOL How long before margin call murders you out ?? Why did you think, 30K nearly to 18K in 21days, wouldn't reverse and would keep going ?? Market is never that easy, it'll always do the opposite of what most retail think, just to kill them and take there money, learn this.
MKTrader, Leave that man alone. His post was not to sale anyone anything. If you interested in what he selling, be professional and private message him your questions. His post was his opinion on the current state of the market, not about selling anything. Stop playing around.
Good point, that's why I both day and swing trade very small, use position sizing etc. I often do from 15-40 trades a day, it's not like I ever trade large size and ride it down, learned that lesson the hard way years ago
Bet some bet the farm, via Puts held to huge profits got greedy and down massively here!! Good your not 1 of them.
Zero chance this does not at very minimum re-test the lows, in my opinion .. Global economy has been shut down .. We have yet to really see what the financial impact will be .. But it can’t be pretty ..
If nobodys learned it by now their dense. Position sizing and scaling take a ton of risk out of the mkt. It allows one to be bold and buy or short when all are scared shitless
That's all I needed to know. There are Nobel Prize winners who have blown up their funds so you can spare the academic credentials. And since practically everything I've seen in TASC is either subjective (especially now) or stuff that never worked in real time after it was published, I'm not interested in that either. If you have long-term testimonials of people you've taught (e.g., they took what they learned and are now verified full-time traders or successful fund managers), that would be worth noting.