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  1. schizo

    Economis benefits of Imperialism and colonization

    I'm not going to pursue this subject any further since politics is not my cup of tea. However, I should note that I have lived in a third world country back in the 70s and 80s so I can definitely relate to many of the things you mention. :)
  2. schizo

    A rogue version of ChatGPT is predicting the stock market will crash next month. Here's why the AI c

    Dude, calm down. It ain't good for your high blood pressure. :D
  3. schizo

    Who Thinks Swing Trading is Dangerous?

    Thanks for the pointers. I would need to maul over these and see if I can come up with some workable strategy. I've found out simply transferring the same day trading setup to swing trading doesn't jive well. Maybe it's just wrong time to dive in to swing trading. Only thing I'll miss about day...
  4. schizo

    Jimmy Carter to begin receiving hospice care

    Yeah, Carter was like a neighborhood grandpa that everyone liked. Sad to hear of his failing health.
  5. schizo

    Who Thinks Swing Trading is Dangerous?

    Maybe we're not on the same page or that you read the chart differently, but I don't use "fractal indicator" (whatever that means) nor do I consider 60 points as a mere "scalp stop". As for "atr 1 period", well, I'm a simple trader and prefer to stick to clean price action. Anyway, I'm all ears...
  6. schizo

    Just sick! Heinous hit-and-run attack on homeless woman caught on camera

    This is the state of America today. One side is all gaga over superficial social media hype and the other side is so numbingly inhumane.
  7. schizo

    Who Thinks Swing Trading is Dangerous?

    In a similar vein to your chart, Darvas Box wouldn't be such a bad strategy IMO. However, the caveat is how would you know where the HIGH is until after the fact, without which you would not be able to draw the box? Because you can see from the chart, after it hits the resistance, the price...
  8. schizo

    Who Thinks Swing Trading is Dangerous?

    Well, index futures expire every 3 months, so buy and hold technically doesn't work. Anyway, I too have held on to AMZN and few other tech stocks for almost 3 years back in 2001-2004. To this day, I regret having sold AMZN so soon. :banghead:
  9. schizo

    Who Thinks Swing Trading is Dangerous?

    Oh, c'mon, if it was this straightforward, everyone would be rich by now :D :fistbump: Also the stops are way too wide. I'm looking to swing trade just a few days at a time, not to become Warren Buffet and hold on for years. BTW you drew in your support line (blue) AFTER the resistance line...
  10. schizo

    Who Thinks Swing Trading is Dangerous?

    In my mind, it's a failed breakout (eg. head fake). That's how I would trade as a day trader.
  11. schizo

    Who Thinks Swing Trading is Dangerous?

    Consider the following chart. Trade initiated after the breakout. One is right after it happened intraday, the other as MOC. Stop was placed below the low of the bar. Both were stopped out. Maybe breakout momentum is not the best strategy. Speaking of which, what strategy do you use for swing...
  12. schizo

    Who Thinks Swing Trading is Dangerous?

    That's exactly what happened to me the other day. :) There are many flaws I see with swing trading in this current market, but these two alone are sobering enough to keep me out: 1) Unless your entry is impeccable, you'll surely get stopped out. 2) Even if your entry is impeccable, unless you...
  13. schizo

    Who Thinks Swing Trading is Dangerous?

    Those are all valid points, which I'm well aware of. But that sounds more like day trading than swing trading to me.
  14. schizo

    Who Thinks Swing Trading is Dangerous?

    Depends on the ETF. If you're talking about SPY, it sure will take a hit if any of these company tanks, especially AAPL. SPY Top 10 Holdings Apple Inc. 6.71% Microsoft Corp. 5.70% Amazon.com Inc. 2.54% Alphabet Inc Class A. 1.66% Berkshire Hathaway Inc Class B. 1.62% NVIDIA Corp. 1.60% Tesla...
  15. schizo

    Economis benefits of Imperialism and colonization

    You could say, however, this wasn't always the case until the Western imperialism came knocking at their door. It was the westerners (or rather their hypocritical one-sided western democracy) who brought greed and corruption, as well as merciless exploitation. And this was the result.
  16. schizo

    Who Thinks Swing Trading is Dangerous?

    Only in theory. In practice, it never works that way. If what you say is true, whenever AAPL moves up, then so will the Dow. But the Dow and S&P move in tandem and when one of them swoons so will the other. I've looked into the way index and its component stocks work (or even the relationship...
  17. schizo

    Who Thinks Swing Trading is Dangerous?

    And they are the other 20%. :)
  18. schizo

    I'm looking after a reviewer for my trading system

    (Smacking my head) Why, of course! How could I have been so dumb? :D
  19. schizo

    Who Thinks Swing Trading is Dangerous?

    If I'm not mistaken, what he means is that those 5 to 10 stocks (actually about 80% of the entire stock universe) tend to trend in the same way. For example, when the index like Dow Jones and S&P 500 move up strongly, so will those 5 to 10 stocks. And vice versa when the indices go down. So, in...
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