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Recognizing the difference between a reversal and a pullback is one of the most fundamental problems to solve in trading. It is not easy. In trading, one can however choose to get out on strong momentum peaks and re-enter at either the same price (if no pullback) or lower prices if price pulls...

I'm not sure if today could have been solved by better analysis. Holding a position into FOMC today would be extremely risky regardless of direction. This was known in advance. Which is why I this morning said that the sensible thing would be to close out all longs pre-release and re-initiate...

Grab them while you got them. :)

That was quick.

I've spoken with a few who do the same. With my piker account I want to build it to a more comfortable size before I start skimming it.

What you mean specifically? You take them out of your account? Nobody here knows what they're doing... :)

Great job. And great job keeping what you earned. A flat year beats a down year. :)

Nothing easy about trading I'm afraid... :) How's your performance been holding up? If I remember correctly you reported a pretty amazing result here in the journal a while back.

I can appreciate that. Today is special, though. I'll leave it at that. Good luck everyone.

I would have paid $1000 if that gave me access to the track records of all members of EliteTrader. I'm sure it would have been interesting.

Yes. You're probably in a good position to hold long without much risk. You're risking unrealized profits, though. If you give back all those unrealized, but certain profits in search for more uncertain profits, that's still money lost/risked. In principle, there's no difference between...

Interesting. So, basically, one of the resident gurus at the time didn't make money and he wasn't able to be a good mentor either with regards to some earlier comment by @newwurldmn using the analogy of sports coaching and someone coaching traders. Thank you for your honest reply.

I see. Thanks for filling me in. Sure. There's a long thread about it here where I write what happened in the second post, I think. The main reason why doing business with these get-funded programs is a bad idea... | Elite Trader Basically, I broke a rule knowingly, but I also did it because...

The markets are extremely news sensitive now compared to the last ten years where bad news was good news and good news was good news since nothing mattered with the world flowing over with money. If you were long into the prior CPI reports you wouldn’t be able to manage risk through an ordinary...

Another session where the market is stuck in RTH and gets loose as soon as the RTH session closes. Ballsy to be long tomorrow unless you bought way lower. I have a hunch the FED will disappoint. Ballsy to be short also for that matter.

I don't see you walking away here, though. My impression is that you think he's a d*ck and he's been mean to you and because of that you are saying he's fake. That's what I meant by your emotions getting the best of you. I don't know if he's the real deal, though. Don't care at this point. My...

This is simply bots picking each other's pockets. I don't see much more happening in today's RTH session. If anything - a drop. Now, watch us rally...

He may not be the most likable guy. Especially if you get on his wrong side. But I'm pretty sure he knows very well what he's doing and probably is loaded. Don't let your emotions get the best of you.

And stopped. Had the chance to break it even, but at the time I was just reading it as a retrace and trusting my model. Back inside yesterday's range now, but instantly reversed. If we sell off from here it will be without me and I'm not going to be happy about it... :)

So far, so good. Almost got me. Still stuck in a range here, though. I'm wondering if this can find any momentum at all by the time we close. I should be golfing or doing something fun like @Buy1Sell2 on a day like this, too. Not much on the table for the last few hours except scalp trades...