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The ONLY way to control emotion is if you don't over size. If you only have a 10k account and are risking 1k you are going to hate trading. If you have 100k and are only risking $300 you won't give an f.

Yes. Without emotion you will not have success. Paul Tudor Jones seems pretty emotional. Good video, suggest watching in its entirety. Shout out to Elliott wave @ 10:55 Timestamp 49:38 for his feelings about feelings in trading.

I'll let you know when I sell a partial position if my cost basis changes. I called them and asked them though and they said they use fifo.

I'm saying it.

I agree there are zero successful traders on YouTube.

We as in our province/country. I don't know if they use fifo method for the tax form but they track trades with it. I mean if I sell a 100 shares my book value is $7.50 I guess it would matter cuz I would pay less tax.

UMmm...so what were you saying??? And lets keep in mind that I was calling this correction BEFORE the rally lol. Back in October I was saying it was going to hit 60k in Jan and would correct to 40k after that. It's like flying a plane, they say you should be 15 minutes ahead the plane...well in...

We lost Lytton in 2021...burned to the ground. ONLY California, Arizona, Nevada and New Mexico have recorded hotter temperatures than Lytton BC's 121.3 F...and Nevada was probably Death valley, Vegas tops out at 117 F. :)

Gladly. I like this strategy...I'm always averaging down..or as dumb traders refer to as "adding to a loser". This is why you paid off your mortgage. If you did this with bitcoin you would have a Lambo :)

You weren't here calling for 60k bitcoin in January months before it occurred. You also, I assume are not driving a (2008) Lambo. I wasn't trolling...TA is an art not a science, so I posted some art. :) Also, what you call quanting is just a fancy word for Standard deviations, ATR, and...

omg a little sprinkle for a day or two and that's not a guarantee most years. Compared to areas around NY? Alright everybody, get ready for the most polite argument!

It totally depends where you are. There's parts that don't get any snow at all, all year. https://blogs.sas.com/content/sastraining/2017/08/10/us-states-north-of-canada/

Yeah I'm in Canada. You do realize that we get 40° temperatures over here in "The frozen North" in the summer? Celsius! I know you Americans think we are shoveling glaciers from our doorways and pushing our elders off on ice drifts but half of the US is as cold as Canada and much colder than the...

Correct! With FIFO rules you have 100 shares @ $5. I actually managed to calculate fifo on a spreadsheet without a script. Well my broker uses FIFO, so when the position updates after the sale it should show 100 shares @ $5 cost basis.

You buy: 100 shares @ $10 100 shares @ $5 You have 200 shares @ $7.50 What do you have after you sell 100 shares?

I just noticed it so have to wait till Monday. I'll be calling. If I omit the missing premium from my spreadsheet I get the same PnL as the brokerage...

Here I fixed that for you. :)

I noticed that the PnL on my brokerage account wasn't matching up with my spreadsheet and this is why...half of the premium isn't being recorded. What's going on?

This is awesome and expected...back down to the 50's or lower by summer with a single or double correction. This will bleed slowly past the halvening to shake out the remaining weak hands before blast off. I mean the chart is just doing what the chart does...it might be manipulation that forms...

No surprise at all...fully expected this pullback...20k atleast