Recent content by MoneyMagnet

Stocks fall because those who choose to sell at that price are more motivated or have more money than those who choose to buy at that price. We can't know more than that - anything else is just stories we tell ourselves to foster understanding.

CROX took off this morning. BJ and ZS still on the move. Tomorrow I'm watching CIO ,PWR, SWCH

Is this true about the TDA API? That you have to give them 300K before they'll let you use it?

I recall that it's sometimes possible to take losses over a few years if you can't use them all this year, but Girija is right - talk to a professional in your state.

I appreciate all the interesting perspectives offered here, and I see that there are considerations I've yet to take into account. I'm going to digest the comments made and do a little more research before I comment further. Thanks to all who've contributed, in particular @wmwmw, @userque...

Thanks for all the thoughtful replies. Just a few thoughts: Someone mentioned putting 100% of an account into a leveraged ETF as being a bad idea. I totally agree, but I never suggested that nor does it bear on the point I was making. It's true that holding a leveraged ETF until it's value...

I've often heard/read the conventional wisdom that leveraged ETFs (especially 3x leveraged) are only good for short term trading; that costs and variances and what-not will make them losers over the long term. I've seen absolutely no evidence that this is actually true. To test it, I took the...

I put my Stop Loss orders on the price - they're not directly tied to any timeframe. I pick my Stops based on the most recent local support level (the level it rebounded from) which doesn't change with timeframe. I don't use Take Profit orders, specifically - I move my Stop up periodically...

Looks like this crash in April 2020 is a bit slow in developing ...

Best bits of information I could give might be: Specialize - find one technique or setup and focus on that exclusively until you become an expert Wait for price to move in your direction before jumping in. Check shorter timeframes for confirmation Pick your loss exit point before you trade and...

As a swing trader, I look for setups/opportunities primarily on the daily charts. I can usually see the trend on the daily as well, though zooming out to a weekly chart is also good for checking trend and getting a larger perspective. I'll also check shorter timeframes occasionally (typically...

You're suggesting that brains are not really neural networks, or am I misunderstanding your comment?

I place hard stops the night before to protect my capital. 99% of the time it works great but occasionally an overnight gap causes a bigger than planned for loss. It's just part of trading and needs to be built into my overall money and risk management strategy. If a gap loss is too big to...