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Hmmm. Well, maybe we don't disagree on too much. Here's a big problem on ET, and maybe I can clarify how I feel about it personally: When I write something for the betterment of the community of traders, or to honestly express a reality that exists, for some reason everyone here thinks that...

OK, you're seriously dumb or just dishonest. Let's make no straw man attacks. You're logic in this last point is TOTALLY BACKWARDS. Maybe if I can get you to see that, you might be more openminded to having possibly some holes in your overall theory. But, I probably won't succeed. I'll try...

Straightforward: No trader (day, swing, etc.) except a long term buy and hold trader (which I call an investor) can make any kind of serious alpha when the market has a vix of 14 and no volume. Alpha. Capiche? I can leverage my balls off and buy XYZ stock and hold it for 3 months and hope and...

Absolutely agree with you 100% and I've said repeatedly being short is dumb right now. Revenge trading is always stupid. The reason that I'm vocal is because I think a mistake a lot of people are making is living in a state of denial and burying their heads in the sand regarding all the...

Me too. Just trying to figure out what's real and what isn't. Interesting that the first stock you brought up is PCLN. I know a bit about that stock. Wanna discuss it? Have you noticed that 98% of the float is held by institutions? Not retail. Not traders. INSTITUTIONS. So every day a...

Didn't intentionally imply long only. I used herbalife as an example because Bill Ackman dropped it 20% in a week or two based on one presentation. Then Carl Icahn and Dan Loeb swung it around 80% the other way using their PR scheme. It's funny how they're throwing this multi-billion dollar...

A lot of traders like to use volume as an indicator. So do many retail folks especially. They may say things like "hey, I just saw stock XYZ go up 5% the last 4 days on three times the normal volume. I'm gonna buy." What if they knew that 90% of that volume was just an algo scratching trades...

Externalities? No, never. It's all fundamentals and technicals. Tell that to herbalife shareholders/traders. That stock's movements have nothing to do with externalities. Or, apple, today. Only the largest company in the world. That didn't move today based on anything external. Like say, a...

You. Smart. Trader. You. Use. Logic. You. Go. Bust.

Thanks for the heads-up. I've somehow managed to do alright with it as a career. :)

I hope you're right. The market hasn't felt harmonious or "free" in a long time. This is an ok market to swing trade a bit but nobody is going to get rich except the option writers until one day they all go bust. Traders will make a very modest living, scrape by, or starve in the meantime...

More like, Gov't does shut down and the market will drop about .6% tomorrow or maybe even go up. A week later a meteor will hit Texas and the whole state will be wiped out. The market will drop 1.1% that day and make a full recovery within a week. It's not that bad events aren't...

I've tried searching older posts but obviously with an industry so much in flux I was hoping for some recent advice from traders with actual experience CURRENTLY trading at prop firms. Can you give me suggestions on best props right now based on the following criteria in order of importance...

cognac

My suggestion would be to liquidate the position COMPLETELY. I don't think it's good advice to take some off in this case. It's actually an interesting point to debate, but since we're in psychology forum maybe it's a good place. I would argue that he's crossed a certain psychological line...

Lol. That's cold, man. I don't know this poster but it's probably better he keeps it quiet. Don't wanna see this guy turn into bill ackman. Anyway, my simple answer to you is easy and you already know it: get out of the position asap. I'm going to assume you don't have a really big position...

Mostly just convenience. You could get pretty much everything offered on BB from other sources and maybe save some money as the BB terminal monthly price is pretty steep, but you would have to have multiple vendor relationships and spend a lot of time digging through all the various other...

I'm away from my bb. Can somebody tell me if there's news on VIPS?

Wow. Check out VIPS. i sold it up 4.5% today. It was up about 20% in the last 6 days since i bought it. Just spiked up another 3%. Something is going in with this turkey. Damn i'm feeling dumb right now...

You do realize they're releasing earnings after the close today, right? Surely, a lot of the extra volume is coming from people trying to game earnings. As far as that goes, I think they've beat expectations 2 out of the last 4 quarters so it's kind of a toss-up there. If you're just scalping it...