Recent content by Chris Mac

Well, I said first that was uptrend and we could go to 200 with new highs => Correct. Then, I said i would buy retracement @160/170. Since then, stock felt sharply to 176 dollars I am not long until 170. Buying opportunity @160/170. Correct again. So, what is your point ? I don't get it. At...

+1 CM

No, I think it is a question of days, even hours... Dead cat bounce is coming CM

Lots of BS here. Title is misleading : I thought you will speak about physics and trading. None there. Only BS. There are two physics law that apply in trading : path of least resistance and momentum. What does it imply? 1 path of least resistance The more resistances (or supports), the more...

I never said I was successful at start. Took me years and years to understand that this was about ego, psycho and process. Seems everyone is successful with you. "Make 2/3 years of salary in only one month". Trading is "easy", "easy money" after months of trading, then buy real estate (wow). And...

Wrong. You seem to think trading is about gambling and fast gains. No, trading is about work, process, repeatability and psycho. If you got a process, why change? Better compound your gain rather that diversify in real estate or whatever after few months. If you are really rich (>10 MUSD), Ok...

I will add USDCZK @20.5 is a good price to take profits ! Maybe 20 is still reachable... But on a ST basis, 21 / 21.5 is more probable. CM

Hello Tradator... I am not sure this is a good idea. On a short term basis, I would rather be long dollar vs a lot of currencies, particularly MXN... Maybe TRY could be a good play... Everyone hates it, same story as RUB 2 years ago... CM

Great post Icranston. Thanks for the links too. CM

Fundamental analysis is BS when it is all about "ideas" you read here and there. There ain't no free lunch, so you need to dig quite deeper than the average joe. Let me remind you that the biggest trade ever, short subprimes, was purely based on fundamentals. That being said, it is quite easier...

As you know, new all-time highs yesterday. As I said, zero interest to short this good stock. But is it a BUY now ? Of course not, buy pullback @160/170. Trading is simple if you don't fight the trend. CM

Ok, few people care about gold stocks. Maybe that is why it's up +4% today, and is in an uptrend... Elite traders? Tsss.... Seriously. Too many followers / noobs here. CM

All my charts scream one thing : BUY gold/silver and precious metal stocks. But why now ? What could be the rationale or catalyst ? Fall of bitcoin? Fall of the dollar ? Wars? Hyper inflation (really?) Any thoughts? Thanks. CM

The funniest part is when he says "energy is ready to break out" I wrote 3 months ago sector was ready to break out, and last week it was time to take profits. https://www.elitetrader.com/et/threads/energy-sector-buy.313313/#post-4582684 CM