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I have a different view. Even if the ones on the bottom didn't suffer through prices of regular goods, the fact is that they did suffer because those at the top got so much richer. It's the spread that is key. Even if u don't get poorer year after year, and excluding inflation even, when the...

I find it interesting that Sprout blames his lack of consistent success on himself. Of course all of us can see how a losing trade, after the fact, was maybe not the perfect setup and didn't follow every rule. So its easy to internalize the error. But perhaps what we are really doing is...

Reading though it now and finding some interesting points about psychology specifically.

For the record, I don't think there is anything wrong with the way you manage trades. But if it sounds like you're winning 95%, then you have to wonder why not bet 25% of the account on every single trade. With such a high win rate, you can't lose! But of course deep down you know that the...

Yes, I've seen this license excuse a thousand times. But if we just consider what traders share here at ET, its the same thing. There are actually so few charts with entries, and yet pages of attacks back and forth about what works and what doesn't. To me the picture is worth so much more...

I've bashed FT71 before, so I won't repeat it again here, but a thought crossed my mind about all of this trading help and courses. It seems to me that whenever someone wants to sell you something, they usually start by showing you the result. With skin care, you clearly see the before and...

Is it not a bit disingenuous to call a $4 winning trade, an actual win, when you have $200 and $400 winners in there? It seems like this is a break even trade at best. If your win rate is so high, then certainly within months your account should be multiples higher and your wins should be not...

I have done exactly this as well. It just sucks now that half of my "followed threads" list ends with "ignored member". Yes... usually half the of them! I'm hoping Baron's long awaited upgrade to the block/ignore feature does away with wasting time even seeing that.

You're of course right, and I do see it the same way as well, but a part of me is still not that surprised. When there are no consequences for your bad actions, and you're given the script of what needs to be done, you almost have to follow the instructions. Its up to government to change the...

To be honest, I almost do feel bad for the FED. I don't think they are stupid and are fully aware of what they are doing. But they have to think many steps ahead, and are at the mercy of what stupid congress expects. The issue is that they aren't nearly as independent as should be the case...

The FED clearly states 2 mandates, full employment and stable prices. Whether you have a job or not is because of their policies. If you are a home owner or not is more than likely a result of them setting interest rates. Affording to buy food of going hungry means being at the mercy of the...

Any smart person would have to see that belief in fiat has to be more magical. Throughout history, money has always taken the form of something that is rare. Shit, even paper money was more rare because it actually required some work to print it. But given that the FED just magically makes...

All excellent points, but I think math makes accountability much easier. The fact that the entire world can verify transactions and know instantly who has what is a huge innovation. There is no reason to go backwards now and give trust to politicians.

There is this thing called the Cantilon effect where the people that are closest to the money printer get the biggest share. I don't doubt that stupid people will be the first to lose their money, but most of the money in the hands of rich people is literally printed for them. How would Bezos...

I think with ETH, there can be a bit of a disconnect with the rest of the market. This merge to PoS is just around the corner, and based on all the videos I'm watching, many are saying its gonna be a big flop. Plus, ETH through centralization looks like it can easily be controlled by the...

Excellent suggestion. This guy sounds like he really knows his stuff. Its shocking to learn how fucked China is.

As much as I agree, there is only one problem. The ones at the top, heck, even the top 10% have a much higher cushion now because of the huge wealth inequality. The bottom 90% can't absorb any more setbacks. Its like a forced hunger. The 250lbs woman will survive just fine if forced to lose...

.Hope u feel better tomorrow. I always look forward to seeing your charts and entries. Showing charts with entries and the rationale is I think the best way to communicate about trading.

When someone makes an extraordinary claim, the onus is always on them for the proof. Saying you're a day trader making money day after day is an extraordinary claim, almost like saying Jesus is watching over you. So you better be prepared to back it up.

More like it's harder and harder to scam people these days. Luckily new traders are asking for proof, and it seems like this is what the gurus don't want to provide.