Search results

  1. M

    What leverage should be good for a newbie to use?

    %% Exactly; IBD says get off margin in the late stages............................................................. For starters new traders use cash stocks or ETFs. FOR max fun + max lo0sses use\ as much leverage /4X, forex as you can.[sarcasm]2nd best option after losingmore than we planned ...
  2. M

    Diary of a Professional Commodity Trader

    %% Especially if its a non gas grill or non propane + my grill is old school; use WSJ pages without charts to help start hickory,hickory smoke grill..........................................................As far as betting a barn;depends on how many barns one has. Trading is not gambling, no...
  3. M

    The Economic Impact of the Black Death It's all been done - Before.

    %% RATS + rat fleas + dead bodies=main carrier. Most likely explains where the expression ''you dirty rat'' comes from......................
  4. M

    "The blackest day in my career as a trader."

    %% Good points. I never could figure out why Warren Buffet took so long to buy tech/LOL.:D:DAfter all these years i finally read a book about him, someone threw it away in the free library box !![The clown that wrote it explained why tech stocks were so ''overvalued LOL'']
  5. M

    What is the historical evidence that Jesus Christ lived and died?

    %% VERY good evidence. AUGUST,2021 evidence includes but not limited to; Amazing Grace/Wickam , 69 millions hits=The king of glory, the king above all kings song . Evidence includes ,but not limited to supernatural healing, by Jesus Christ; creation includes health in many foods, but not...
  6. M

    Once we hit SPX 4440--longs, be careful out there. Good luck!

    %% Looks like the market is buy SPY @444 area. I did my part i sold my SPXLprofits.I like SPY better than HOOD, cut loss on HOOD, good thing it was starting size. SPY is a good benchmark, usually qqq does better/NOT this year...
  7. M

    What is your opinion of CANSLIM?

    %% EXACLY; i still name it IBD, also, its actually weekly. I love the way he/they still stick a 50dma or sometimes 200 day moving average on his charts.........................................................................................................
  8. M

    What is your opinion of CANSLIM?

    %% IBD+ CANSLIM founder said'' i dont know why any would would trade[invest] in ETFs, i can make more trading stocks'' [BUT he was unusual good/talented, NYSE seat, Newspaper Founder, fund manager, +several more companies.................................................]He did give me 2 free...
  9. M

    Nixon Shock: 50 Years Ago Today

    %% BUT gold has much , much much wilder swings; that not a problem unless someone want to withdraw some out for real estate or anything.Its also a bigger problem if one likes to\ or accidently buys highs. SOME gold coins have done much better; but they have ''changed'' the way @ least once[...
  10. M

    Going through a series of interviews

    %% CONGRATS on the company contacting you. '' Luck'' = small sample. SURE would NOT depend on someone\ especially the gov pension to feed you. I mean any gov, has such a good track record of telling the truth??????????????????????????????????????????????????????????????????????????????
  11. M

    Going through a series of interviews

    %% I remember Jim Rogers noted he interviewed for a position one time; got offered a job there + turned it down, right there:D:D .LOL
  12. M

    Need help on position sizing/risk - 86% win rate - .5% per trade

    %% Good points. BUT like the Aussie Trader[D Guppy] noted ''never confuse a high probability with infallibiity'' He got his trader office flooded once. Great quote.
  13. M

    Can one strategy work "most of the time" in any market condition?

    %% That works well very much of the time; longer time frames especially. EVEN if AUG+ SEPT sells seems like trend following may not work, that's another reason why it can work well longer term/all data. Another reason it works; 200dma seldom gets...
  14. M

    "The blackest day in my career as a trader."

    Good detailed post. The best risk management is useless with the'' banana peel of pride''' ''Make a fool out of Warren Buffet ??'' Good thing about being young /may have time to learn and avoid arrogance. I had great parents also; but seldom borrowed anything from them but...
  15. M

    How to determine trading stops?

    %% ALL of the above . Price + 50 day moving average, 50 dma slope,50 week moving average........Kick out the worst gainer even if its profitable for you.
  16. M

    Watchlist 8/16: SPXS SDOW UVXY TZA

    %% TZA,TWM,spxs,sds,SQQQ, many of those closed above 50dma. CUT a loss on starting+ small time frame HOOD; took multimonth profits on SPXL......... Strong AUG, i dont exspect it to finish strong but still have plenty of longs, if it does??:caution::caution:
  17. M

    5 Things I have learned in 5 years of trading!

    %% Exactly. Mike Masters /Marlin Fund noted the same thing. ACTUALLY you dont need ''price action'' to profit real well in real estate. BUT looking @ that sellers market lately\ easy to get ripped off,now, if havent studied plenty of written[closing ] price...
  18. M

    Can one strategy work "most of the time" in any market condition?

    %% Good question Joel. Stock Traders Almanac is MUCH more helpful than ''psychobabble'' another elitetrader said ''not so much psychobabble'':caution::caution::caution::caution::caution::caution:,:caution::caution: Joel,as you suspected , no way does Noel month look like OCT/bear killer...
  19. M

    Advantage of looking at your trades as a Sequence vs one shots

    %% Harvested a huge number of rabbits with a 12 gauge Remington 1100\banker dad had a pack of beagles,+ model 12 Winchester pump, 12 gauge; let the games begin, WE[me ,dad, bro] hunted many a saturday ,sunrise to sunset. Bro had a 12 gauge Savage. [.22 rifle or pistol[RGR, S&W.....] is made...
  20. M

    The death of the ‘Millionaire Next Door’ dream

    %% MOST dont aim @$ 8 million \ or hit that target. same way with Stock Traders Almanac,plan $5,000 per year @ 12% , for 50 years=> $14,777,000. I used abit less total to allow for slippage. His numbers did not allow for comissions \which for last few years, maybe right. First 5 or last 5...
Back
Top