Search results

Exactly right. I would even add that what separates the highly profitable trader from everyone else isn't so much that they are putting on amazing trades but rather what they do after exiting a losing trade. Good entries that tend to go into profit immediately versus crappy entries that always...

Yes. Let the market decide what wins. I don't want the government making decisions for me.

I replied to MKtrader who specifically said martingale. Perhaps you can't see his posts?

Do you think it's right that the US government can just print unlimited dollars and devalue the currency? Do you think it's right that the Canadian government was able to freeze the bank accounts of regular citizens for donating money to protesters to support their cause? If you don't see the...

You misunderstood. He isn't blindly adding to a losing position. Once he sees he is on the wrong side he will immediately reverse direction and double the size so that way it only has to move half the amount in order to be back into profit. I think we as traders have all seen this. A position is...

I especially like his ability to realize when he is wrong and exit right away and double up in the opposite direction. He showed a very good chart a while back where he had to do this twice in that even his doubled up position was in fact wrong and he did it again in order to get back on the...

Oh absolutely, sorry if I implied that I would watch all morning. I just meant on a day where I'm not rushing off to work because I will have the evening shift.

Thanks for the reply. I would love to see the algo trading live in the market, is that possible? I want to see if the fills are possible. Also, because I trade the MES, I'm sure the fills would be a bit difficult because I do see that sometimes it overshoots by a few ticks. I use ES for all...

Any updates on this trade?

You still didn't answer my question. Forget even the agent then. What will anyone use to price a house for sale? Now you say not to ignore a comp, and what I'm saying is a comp is the most important thing. Sure, if the house that sold down the street is 20% bigger than yours, then your...

You keep saying I'm clueless, yet the first thing an agent does when pricing a property is look up comps from previous sales. So who is the clueless one? Tell me smart guy, how else do they price a property? What will the agent use?

You are making all this far too complicated and putting in lots of emotion. I realize houses aren't fungible. But you're telling me that when a house on the street sells for 20% below asking that this won't affect all the other houses, regardless or how different they are? A house is only...

What part don't you like? The fact that its value is created out on thin air? (like fiat currency?) Maybe you like dollars because they are backed by the US government and bitcoin isn't controlled by any state? Are you pro government control? What happens when the very same government that...

So does the market cap of TSLA mean anything? (and I think its 10x over valued, so I'm playing devil's advocate here) Do the market caps of companies with negative revenue mean anything like Uber? How about those that pay a dividend? And of course how about cash cows like Apple? They all...

Is this your chart and your trading??? :wtf:

Why do I need to buy a house to understand how it works? Elon Musk is a perfect example. He needs to unload billions of dollars in Tesla shares. He clearly can't do that without moving the market like crazy, so he comes up with distractions to keep price elevated while he is busy selling. In...

Hey VST.... we talked over a year ago so not sure if you remember me. What struck me at the time was how similarly we were looking at the markets by way of using a fast chart, and just looking for support and resistance areas. But I gotta say, my feeling after talking for hours was that your...

Its just a simple market cap. Its like you saying that any company isn't worth the stated value if you just take the number of shares and multiply by the price. Any person can sell their coins at any time for the stated price. Its the same thing with stocks, and its the same thing with...

Honestly, there is too much bias in these examples. Its super easy to do this on a day where price just goes straight up. Of course if you have 3 fibs to choose from, the 23, 38, 50, one of them will hit nicely for a retracement entry. When doing this on a non trading day, the results will be...

And to think the government just printed over 4 trillion since Covid. It almost makes the 2 trillion of crypto kind of small. But there is certainly lots of carnage in this space right now. The end result will more than likely be Bitcoin as the king, and maybe some type of other layer 1 to...