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TIP! There are 2 indexes that tend to 'frontrun' others - DJ Transportation index & ASX 200. Both are heading up strongly, TRAN through the ceiling & ASX just put in strong action off the lows. With Naz recently doing a bit of a nosedive I expect it to fully recover in no time at all, hence...

But you May be wrong seeing trend change, it's personal perception vs fact, perception when you think a trend has ended and fact is when low caves in. Price a lot of time oscillates, always in fact, shaking out weaker hands, whereas reaction lows represent facts, if they held you gotta hold and...

It's not the market, but the way you set your stops. If you bank on a double bottom your SL has to be below reaction lows of that DB & then you have to just hold your position. It's as simple as that, though most find it very hard to do, due to fear & greed. It is correct that target ought to...

#bullflag

BOOM! +4.64 units on ASX bet.

Almost there.

Weekly chart + extra slow MACD, Buy1Sell2 I know from years back wouldn't be a buyer here, something's changed & I can't put my finger on it. Maybe it's a different person behind the mask...I dunno. To me it looks like we are set to re-visit $26 area. Time will tell.

3 consecutive green days often lead to 4th being green too. I'm still not keen though due to weekly 3 lower highs.

The one person I referred to isn't a gambler, categorically no. Most are gamblers yes.

No. Gambling is when you are chancing it, trading (whatever you are backing, be it tortoise races) is when you have stats, experience/knowledge, capitalisation, don't treat each bet as THE ONE, know what's attainable, fully understand & implement risk management criteria.

Yawn, what's this drivel about gambling? O...M...G! You either know how to extract value (whatever you are backing) or you don't. FWIW this "gambler" has 10k real followers that make lots of money, lose some, win some, end result - net positive.

Rookie mentality right there. If your SL is larger than your profit target you'll be taken out eventually. Buy1Sell2 does not have a high win method, so it's vital to have the right targets vs SLs. Now this is trading 101. Have you ever pondered why 99.9% of sports tipsters can not sustain a...

I also would like to say that trailing stops can be absolutely disadvantageous, as if you were to trade double/treble bottoms/tops you should know what is the average expansion range and stick with your position as long as your stop holds. Settling for peanuts is for monkeys. 'Profit is profit'...

Come on ASX! S. Smashing it!

All current positions

Long Naz 5,706.5

400/1 return! Thank you Nigerian premier league. My gift to readers, Nigerian premier league football teams at home hardly lose, if you back them in doubles for evens you'll keep winning.

I'd have thought fading a noob when his position starts going in the red would be a moneymaker.

And you convinced yourself that by doing the opposite you'd increase the strike rate?

Luck is a major contributing factor, to be at right place at right time helps amigo.