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"The present moment holds the key to liberation. But you cannot find the present moment as long as you are your mind. To the ego, the present moment hardly exists. Only past and future are considered important. This total reversal of the truth accounts for the fact that in the ego mode the mind...

Well, that wasn't exactly what it meant (or so I'm led to believe). It's more to do with inflexibility than looking into the past. In short, don't get married to the stock you're investing. Don't get so fixated on your past winners. Don't believe the past will repeat itself in the way YOU...

Disclaimer: I ain't no options guru, especially when it comes to the greeks. So exercise your own due dilligence. Delta: Just how much of the move did you get for all that money you poured in? Theta: Time is option seller’s best friend, but option buyer’s nightmare. Vega: Volatility is option...

"You don't need no news pundits to tell you how to trade. Charts tell all that you need to know." — Anonymous (C'mon now, did you really think I would cite the source? :))

The downside of your current approach is that it can only be understoody after the fact. What you need is a system in a sequence. For example, consider the following chart. This will allow you to be proactive, not just reactive (although there's nothing wrong with that).

John, I know you're a smart dude, so don't pretend that you didn't read my post regarding where my stop was. I got stopped out and I will be staying on the sideline for the time being. Not sure when I will return. Like I said before, I find myself out of synch with BTC. I just don't like its...

This happens when either of you put the other on ignore. But neither of you look like the type to suffer from small ball syndrome, so I doubt this is the issue. :D Why dont ya try pressing the "like" button on one of SML's posts and see if that solves it.

Who cares about what happened yesterday? The markets are like the dice in a crap game. They have no memory. Only we do. What happened in the past has no known effect upon the market. But our memories are strong. We would like to think that history matters. Then we can worry and speculate about...

I suspect the same. Ya gotta stay objective and weed out any potential fake news, which I believe this is.

Oh, weren't you the guy who poo-poo'd technical analysis and how it can't predict anything. So I suppose the "funnymentals" are that much useful either then. :sneaky:

What?? You mean people inside CIA and other Intel tipping off their families and buddies isn't considered "inside info"?

It's called RISK MANAGEMENT. You want to manage your risk for both entries and exits. For example, in all these "Trading for Beginner" books, they all say you're supposed to EXIT your losing trades pronto. Well, I say you really should be looking to only ENTER trades with the lowest risk of...

“My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage,” — Warren Buffett

Now you're being totally facetious. Do you remember when I said trendline must be taken under "context"? You can't (or you shouldn't) just draw a trendline anywhere. Best scenario is to consider a trendline with other trendlines, for example, the previous trendline. Then perhaps ask what it's...

"A dunce once searched for a fire with a lighted lantern. Had he known what fire was, he could have cooked his rice much sooner.” — Osho

"Success depends upon previous preparation, and without such preparation there is sure to be failure." — Confucius

It's even simpler than that and knowing this alone can make you a lot of money. There are TWO types of market: Trending market and rangebound market. This sounds like just another platitude, but this is the OBVIOUS that is not so obvious to 99% of the traders.

This is like telling a soldier (new recruit) who is about to be sent to the frontline: "Ya don't need no training! Those boot camps are joke! They don't teach you anything. The beauty of war is that you have these guns, so just shoot the damn guns. Do not make your life so complicated, man! No...

LOL no need to remind me of all the losses I've incurred from picking tops and bottoms. Anyway, I see no need to ruminate on the obvious. Sure, entering at the exact bottom and riding to the top of the trend would be the most ideal trade with the best outcome in terms of risk and reward. But...

Yes, only AFTER THE FACT. :) But that's silly, considering that you can't cherry pick while trading live. Bottom fishing, namely thinking it's the start of a new trend, is not a low risk entry. Most will get stopped out. That's why you often see double bottoms (or triple bottoms, or straight up...