Recent content by jeffbader

True wisdom. Right on, Overnight. Even beyond these online forums, what you're saying would help a lot of people recognize more profitable opportunities in all aspects of life.

If my three kids under 5 weren't napping right now I'd be laughing hysterically.

Like most things, what you get out of a thing is directly related to what you put in. This forum is full of genuine traders willing to help. But people don't like feeling like their time is being wasted. Your initial question smacks of "hey guys, can you tell me how I can get rich quick?" If...

Lol I wish. The lines aren't an edge all by themselves in my opinion, but it is still amazing to me, watching history repeat itself with some of the significant price levels.

lol, damn the truth hurts. But don't the 5% winning traders donate, like, 95% of their winnings? It's probably kind of like how Trump donates his president salary?

Perhaps I'm being naive, but aren't most significant levels like this due to true supply/demand? Shouldn't volume always be lower in these regions because it is the imbalance that causes the price movement? You've worded this in a way that isn't immediately clicking with my brain, which excites...

I would think that this approach would prevent the person from feeling an adequate amount of pressure to succeed. Lose 2k? No big deal! Just refill your account! Nope, that wouldn't work for me. The pressure helps me. I don't think blowing up an account is a rite of passage or should be...

lolol omg laughing so hard I love this

If the prophecy is self-fulfilled... then isn't it real? I think I agree with your observation though, that it is like a house of cards. But if it increases probability, then I don't really care that the mass psychology of a round number (or even dollar amount) is not a true reflection of a...

Bingo! And a lot of us are all looking at the same lines. I love it so much.

Plus, Dozu, how many millions have found nothing? I really don't understand where you're coming from. We all know that there are successful day traders out there. I'm half amused by your consistency in bashing day trading because I do genuinely find the banter entertaining, 49% sincerely curious...

I really don't understand your take on this. Do you not believe that supply and demand is a real factor in price discovery? What do you believe is the mechanism that causes the instrument's price to change? Have you never watched the DOM real-time? Humans are the ones directly buying/selling...

I rarely have more than three levels within the daily ATR. You're looking for levels of significance. Sometimes only one important level is all you need to have in the day's trading range. Here's an example below of PG, from October 22, 2019. The price of $121.66 was very close to the following...

What happens in this situation? You've got a massive energy company that supplies power to a lot of people. What exactly happens when it goes belly up? I mean, does someone else acquire the company and just become the new PG&E? Won't that acquisition cause a spike in PCG? Some company will come...

Wow, yeah I missed the bankruptcy. Good call and good lesson for me. Thank you!