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You make 5 figures a day on a slow day and you call a 1% move in an equity a nose dive. Something does not add up.

I think it shouted it today, let's see what the future brings now.

Todays momentum stocks: FB -6.5% TWTR -6.5% TSLA -10% P -6% YELP -9%

Its a game of probability.

Outside day reversal ES and fairly extended from the fast means. Permission to short pops until averages catch up to price, the fight at the averages, well that's a whole different battle. See, no reason to short blindly, when it's time to short, market will shout it. :D

Today didnt agree with your read, still maintain this view? Perhaps demand a turn before predicting the low.

Lmao

Mac, Great journal, full of honesty, ups and down, wishing you the best and will follow your progress.

My hat is off to your position and money management. Thank you for taking the time to detail some of the brilliance.

re: Downside Fear Aside from weekends, you got fairly reliable stops though. Sure there is slippage during major earning surprises, FOMC, economic data, etc. but the way you manage your risk makes you less prone to such slippage. Bottomline, I see your logic during weekends, but that's it.

Ammo, Hypothetically speaking, what would your performance be like in 2013 if you had done the same but from the long side. Specifically, any losing months?

Problem with your potential resistance is that its up-trending within itself, so even if price reacts it can continue moving forward.

Sickening resilience by bulls.

News not an edge.

Ya that is true, but for my kind of work I need the pay version.

If it that's good for you, don't worry about whats better out there, just keep enjoying the good product. I use it too and consider it fantastic. Mostly scan for stocks with a high short float % and when I see a bullish surprise ie Gap up or something of that nature, I exploit that using...

What’s money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. –Bob Dylan And I like scalping :)

Or you could trade smaller TFs so you don't have to worry about what no one knows about...

Make an effort to make winners at least 2x bigger than losers, then losses wont matter.

You need the ATI video card too.