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Appreciate the compliments, but let's just say I did finally get that losing day (and then some). I was trading with very high leverage, but the entire account was considered risk capital, so that's okay. The problem with scalping is that you really, really need to maintain that high win-rate...

They showed up to buy @ unchanged. Weak bounce or a bottom?

Didn't see the news yet. What did they say? Ah. Finally we solved the mystery of they. :)

4256. Probably a weak bounce. 4220 next area of interest below that.

LRS = Low Risk Short. :) 4275 could base a bottom, so might warrant some caution, but ultimately I think we'll see at least 4260 by the Close. If 4260 doesn't hold - I'm not sure where this bottoms out on the day.

Outside Week already. Not trading today, but if the the current higher low pattern is breached to the downside - I'd say we're good for 4250 on the day. Could be a nice LRS here at 4306, but I'm not playing today.

He did say that part of the reason he switched to swing trading stocks with a holding time for as long as months was because of the scalability. You can't deny that it's been an incredible bull market over the last 10 years and even by luck someone could achieve 270 per cent anually. I wonder...

LOL. If you check out his Twitter - it seems like he's busy traveling and picking up his yacht. I think there was some reference to helping out Ukrainan refugees as well. Maybe the guy actually is a saint. :) https://twitter.com/qullamaggie

The general definition of a correction is > 10 % down, so yes, with SPX down approx. 13 % and NDX down 20 %, I'm sure. ;) Is the correction over? That's a different question. It would be a pure guess on my end, but I'd say there's a good chance we head lower from here. Not on OSEBX either.

Well, maybe there's an angle. I don't know. Just learning about the guy, so I won't go out of my way to "defend" him as I don't really know. Trading is a lonely business, though. If he achieved the financial success and independence he's claiming, he may have other motives for doing what he's...

I don't know. But this is what he says himself:

Why would he do that, though? Assuming he's the real deal (which I'm inclined to believe) he's extremely generous already by putting up so much free content. As I understand it, he streams on Twitch. Also for free. Check that out. There was another trader in the recent Market Wizards book...

Well, what I believe is that the market is impersonal and at the end of the day it's simply a order-matching engine with orders going off against others, i.e., market orders crossing with limit orders. When market orders (demand) exhaust the available limit orders (supply) at a given level the...

If you can clarify what you mean by "they" or "them" I can answer you. :)

What if most shorts took profits yesterday and is buying/initiating new positions now? How would you know the difference? Someone's lifting the offers today. That's for certain. But it's not obvious to me that it's necessarily short covering. I mean. It could be...

Who's they?

One day is just that. One day. The last time SPX was up > 2 % the next day was down. Overall, SPX is down approx. 11 % and NASDAQ 20 % and many single stocks are down far more than that. It's not a crash for sure, but we're definitely in a correction and nobody knows how low we'll go.

Just learning about this guy myself. You can check out his webpage here. Long story short he's a Swedish day trader who turned into a swing trader and appears to have made a fortune over the last 10 years. https://qullamaggie.com/faq/

KRISTJAN KULLAMÄGI: In 2019 I started streaming on Twitch and trying to build a trading community focused on learning and developing as a trader myself and teaching and helping others. All for free of course… because I make my money trading and prefer to help, not prey off people who want to...