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Hey - don't pick on the poor union workers, the long beach dock workers are up in arms over making only $200,000. https://www.freightwaves.com/news/west-coast-dockworkers-making-200k-demand-higher-pay

The Fed has been creating larger bubbles & inflation. The Fed of old used to take away the punch bowel when the party was getting out of control. Now they chug down the punch bowel than they spike it with heroin to keep the frenzied gambling party of debauchery going on full tilt.

George Soros would take inverse positions at times - just some food 4 thought. "As a general principle, I do not dismantle positions that are built on a thesis that remains valid; rather, I take additional positions in the opposite direction on the basis of the new thesis. The result is a...

And the Japan market is rapidly repricing that in.

Here is a 4 day swing trade on the MNQ with a R:R of 103:1

Nothing wrong with ETFs - some of them can outperform the indexes more then 10 fold in the right conditions. 2020 ETFs Covid Panic lows to 2021 high QQQ 147% 422 days SOXL(3x) 1,850% 440 days FNGU(3x) 1,881% 413 days LABU(3x) 1,236% 229 days TECL(3x) 1,068% 428 days FAS(3x)...

The insiders also missed this move since they dumped their stock just prior to the big run. Could this B an epic pump & dump? Their last earnings was not good. Crypto mining was dead, so now its into the AI mania.

The insane judges would have done better awarding Bigfoot the winner - now this goofy looking ladyboy may be crowned miss universe next.

Enjoyed reading your Blogs Peter. Looking forward to some new ones in the future.

288,000% gain on their acct in 3 months? If she kept going at that rate she could control the worlds money supply inside of a few years. Pure fantasy!

human nature compels us to maximize the chance of a gain instead of maximizing the size of gains -this which works against us big time. This quote came from some famous trader, not sure who it was. The longer I trade the more sense it makes, here it is: "You can have a 15-25% win rate at 8R &...

Risk-to-reward is everything, when executed well you become the casino. Most traders have no clue on how important this is & few will never get past their obsession with win rate.

Oh yea - the theme is 'day trading' so scratch that thought.

If you bought Apple stock for example say 1,2,5,or 10 years ago you have a rising return growing over time, even when you sleep. Can't say the same about winning a poker bet.

The QQQ/NQ deviation from the 20 day MA is at a level that historical triggers an immediate & sharp correction with few exceptions. 5-6 stocks are carrying most of this rally, what could go wrong? There can be an exception like the rally off the Covid low when Powell began printing to infinity...

Must be nice to lose $60M and have someone bail you out, at that rate your bound to get rich - your also bound to give it all back & than some. It gets a lot more real when your risking your own hard earned $.

Here is my target on the NQ, half way there now. Suspect there may be a strong rally or two along the way which is fine with me.

Funded trading accts - the new gold rush for the ones selling it. The dangling carrot on a stick. The premise is that the vast majority will rinse out trying to pass the levels taken on SIM. The few that do well & actually get a real funded acct are terminated for any B.S. reason. These...

Been shorting the NQ now that the herd has piled in like never before, that's typically the kiss of death.

I do both, day trading around core swing positions when the setups are there. The day trades are adding on size to a winning swing position on counter moves. At times I am only day trading depending on the market conditions. A winning day trade that runs hard where I have a larger target I...