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Overnight chalk it up to bad luck and black buzzards.

Quite elementary. Yes all the info is completely embedded in the chart. The bears win. Quite easy to see unless you got some birdshit in your eyes. No one can make money on a move before it happens so strike the word “ prior” out of your erroneous W.V. of the market. Simply put, to make money...

Yes I am a believer in God and that He made me. However, He didn’t make me a turkey to be led to the slaughter. There may be a few turkeys in the market waiting for the slaughter but not me. I ain’t one of them. 1) The markets are not random. (Hint start with a wrong premise and your...

Listen sonny boy I believe in induction. See I induct my own wins and losses not lady chance, lady luck, fat tails..skinny tails or any other kind of tail...you name it. All my wins and my losses are personally inducted by ME! I am responsible for them. I and I alone created them. I, myself...

I’ll try to leave but it is really hard....

“Everybody is wrong” That is a correct assessment if they believe in luck. You might have finally gotton lucky and got something right! Congratulations! Yes they are wrong. Their status in life has nothing to do with it. Whoever, believes in luck is ..well yes..WRONG..MISTAKEN ...no matter how...

Bye bye! Get that term paper done sonny boy (if you are doing one) or dissertation if you are gathering info for one. Be sure and sleep with Mr Talebs books under your pillow for well....good luck!

Remember sonny boy I am all grown up and I imagine quite abit older than you. I never called you an imbecile or idiot although your ideas are BS but you aren’t. However, you have resorted to calling several good folks on this thread as idiots ..imbeciles..asses...etc so may I ask WHO needs to...

I don’t believe in luck. You do and alot of others do, rich and poor. It is their prerogative to do so. Luck has NO PLACE in my life. If you wish to assign luck in your life and decisions...well good luck doing so! Simons...Buffet...Jobs...Mr T...Taleb...Livermore...the poor..downtrodden...and...

I don’t know what I am doing back on this thread. Bye...again

luck /lək/ noun success or failure apparently brought by chance rather than through one's own actions. I don’t know about Mr Calhoun but I traded MES today and there was absolutely no luck involved. No chance. It was pure skill. The Price action was there and I was astute enough to discern it...

LOL it is good to laugh. Yeah I agree I am a bit strange. Bye for now.

One final concept here. THE OVERALL CONTEXT SHOULD SUPPORT AVERAGING DOWN INTO A LOSING POSITION AND IT DID IN THE CASE, REMEMBER THAT! I don’t just average down anytime I get the notion. And 295.00 is peanuts but remember this is tiny MES. Change that to ES. Process is the same. Mama can go to...

Back to explanation of first averaged down trade. This is a Lower High Major Trend Reversal. So during night price trended up causing the Gap open when RTH started. The big question is will the gap close after the open or will bull trend continue? Opening bar of RTH is a bear bar. Not good for...

Here is another averaged in trade I took after the first one explained above. I could not watch this very well for typing the explanation of the first trade in the prev two charts. So, I missed put on more profit than I actually realized on this second trade. Normally, I would adjust the profit...

Can’t do much trading today as have a project to work on but here are two screen shots from this morning in little tiny ole MES. Breaking the guru’s rules. Averaging down. I suppose more diplomatic to say scaling in. Anyway first chart gap up on the open but bear bar. Sellers one that first bar...

Sonny boy You may have about dispensed with all your erroneous knowledge and arguments. This thread is on it’s last leg. Will not make it to the “black swan” league. So sad. Apparently it may also have failed in it’s stated primary mission of rescuing day traders ...even if is “just one day...

Are you referring to Talebs books and tales from his followers? It is not clear or is this too random quote or title spinning? Maybe a black swan title?

I’d love to get caught with one of these. Marvelous money maker...ATM machine IF you know what you are doing which you apparently don’t because you fear the little black swan. They are some of the FASTEST money maker. Don’t believe it is a super fast money maker? Well just look to the far left...

Your probably right. I don’t think he will make it that far.