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What are you doing trading July contract?? The front month is February.

My cracked crystal ball is flashing 4750. But with such orderly selloff like today, it would take eternity to get there.

A brief outline of the average man's behavior in a strongly advancing market is something like this: he buys timidly at first, very little, if any, at low prices, but gains confidence as advance continues and buys more. He takes small profits but, noting that stocks still advance, he is sorry he...

I've been warning about this... since last week :) Asian Financial Crisis Part 2: China's Debt Bomb https://www.elitetrader.com/et/threads/asian-financial-crisis-part-2-chinas-debt-bomb.377797/

What this dude really wanted was validation as a trader. Passing the evaluation was for him to say, "There, I ain't no loser!" I think everyone can relate to that feeling. :(

How so?

japantoday.com China 2023 economic growth tipped to be weakest in decades Jan. 16, 2024 China's economy likely grew at its weakest annual rate for more than three decades in 2023, data is expected to show Wednesday, as it was battered by a crippling property crisis, sluggish consumption and...

business-standard.com Chinese exports decline 4.6% after seven years amid economic crisis Jan. 12, 2024 Amid the economic crisis, Chinese exports saw a downfall for the first time since 2016 after global demand for Chinese-made goods slowed in 2023, CNN reported citing the Customs data...

But were they trading out of a bucket shop? I thought they were trading their own funds.

As for me, I'm net short. I was feeling bullish earlier but the tide has since turned IMO. Looking for the downside target of 4600.

Consider this as the Darvas Box. If it were me, I would be more positioned to short this thing once it moves out of the box.

Rats get tripped up by uncertainty in a way that should appear very familiar to us. Classical stimulus-response experiments have shown that the introduction of uncertainty drastically slows learning. When rats are trained on a fixed reward schedule (for example, a pellet for every tenth press of...

:sneaky::sneaky:

Yes there is, your chart. By the time you (or your bot) read the news, it's already discounted and shown in the price.

Chinese boycotting American companies. On that note, I think it was actually a smart thing that YUM spun off its Chinese operation. But you know what? If you've been to any of the Far East countries (Japan, Korea, and China), you would know the younger generations are obsessed with the western...

And you're not blind? What makes you so sure the stock will bounce back up? Pros don't dig their own graves. They wouldn't allow losses to grow in the first place. Only amateurs allow the hole to get so big that it swallows them whole.

Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for DEALING WITH OUR IGNORANCE. Outside of textbooks and casinos, probability almost NEVER presents itself as a...

Man, you need to get your head out of your ass and face the reality like a real trader. :D So let's pretend that you do exactly as mentioned in your article, which is: But WTF??!! That garbage stock is now trading at $30! Oh wait, I did forget that you collected a measly amount of premium...

It chopped all day, but looks like it wants to go higher now. Does any non-chartist out there wanna take a stab on where the next TP will be?