Search results

That's what happened to Zimbabwe.

I think Tom Sosnoff is the only floor trader to have hit the lottery after leaving the floor. He went on to found Thinkorswim, which was later acquired by TDAmeritrade. He then found TastyTrade, which again was bought by IG. And I think, from what I can tell from his videos, he still trades...

That's because the continuous contract is always different than the front month when you go back in time, as you can see from the chart below.

Two hints for trading ES: 1) Support/Resistance act like magnets. 2) Measured move plays a crucial role. 3) 1 + 2 should help you measure potential turning points. 4) If you don't understand, please disregard.

We've retraced nearly 50% from the low and that's considered the standard practice. Anything more than that, you're asking for trouble. :fistbump: :sneaky:

Were you trading at the time? Coincidence or not, it was a scarry time.

Since 100 point move isn't out of the question these days, I'm betting on 3780 for tomorrow. That should net me 70 points of pocket change. :)

Nah, I go both long and short. I'm more flexible than you might think. :) (Whereas some folks only go LONG.)

You ever heard of "dollar cost averaging"? When price falls, it's considered a bargain. That's what INVESTORS do.

I'm just saying. No need to get riled up. :) Wish you the best all the same.

On what ground are you so certain?

But judging from what I've seen in the two previous bear markets (2000 and 2008), you would be amazed to see these "bargains" today can actually turn out to be "real cheap bargains" tomorrow. Not saying your premise is wrong, but what you're seeing is not a bull market pullback. You shouldn't...

Yes, but until then expect this market to drop. By how much, who knows.

Man, this ain't no bull market! :D

Considering that we've already had 3 days of rally, I don't think there's much juice left to carry this market higher, especially with the disappointing earnings from a company as big as Google.

The problem is that, by the time you are aware of what's going on, it has already printed on the chart. You would never be able to react soon enough. Hence it's better to stick with the chart alone because the news is ALREADY FACTORED IN THE PRICE.

If we fall below 44, I think we will nosedive. Ya better get your smelly bear suit on just in case.

I do, but I know (for the most part) where it should reverse so I use hard stops more often.

Flip short 50.50 Taking a gamble with this one...come what may...

Adding to long 52.75