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QQQ are also at the upper TC. This has happened before and it might happen again. The price dropped somewhat harder today. Demand wasn't willing to chase offer and chose to withdraw. The Monthly -> Weekly -> Daily -> Hourly combo is shown below. The hourly is showing DL break and I'll be closely...

Test of selling interest was tried again and once again demand showed up. Although I was perilously close or the danger point and will be looking at exiting earlier and re-entry next time around. Nonetheless, last year I had noted that I missed a lot of good entries because I wouldn't give price...

I'd have to be a losing trader to believe what you have written. From my perspective the market is here to provide me with money. Gringo

Market isn't a live entity like a person, not does it have emotions. Each individual may have feelings and each individual may act in cohesion giving the appearance of feeling, yet that is simply an illusion of collective behavior. In other words MARKET DOESN'T CARE and is incapable of caring...

This thread is about his trading, yet one day he's labeled anti-Christian, the next day anti-american, day after that it's his political views, and today it's his no holds barred personality. Are people intimidated by his cosmopolitan and larger than life personality? Gringo

What is it about people being in a cult that is offending?

Retroactive engagement.

It's my hypothesis that the ability to trade is directly proportional to how good looking a trader is. The rest is just filler.

I guess AMT might start working now. Thank the Lord Db is a war veteran.

Db's not in the habit of emotional attachment to his ex's.

Thanks for remembering me. I do happen to say intelligent things when I am not paying attention. :)

The poll by the way is flawed. Db himself states that observation and testing are necessary and reading alone doesn't turn one into a successful trader. By that definition almost any book without practice is likely to fall short of the tall order of becoming a profitable trader.

Nothing beats the futures though. Small commissions, high liquidity. Open a lot more. Minimal gaps.

You're right about TFSA. Even though it's supposed to be tax free if a person makes too much money by trading or luck the tax man comes knocking at the door. It's one thing to tax and another to declare something tax free and then show up to collect tax from it.

I don't like my stop to be picked so I choose not to place it for ETF. If I were expecting to be busy or unavailable I'd place it. Huge drops aren't rare but generally for ETF a few percentage points gap is not beyond reasonable.

I don't have a pending limit order.

Oh. I mentally wasn't distinguishing between a shakeout and a test of selling interest. Hmmm.. it does change the way I was viewing the situation a bit. Thanks, Gringo

Overnight and pre-market gold price dropped but returned upward with strength. I wasn't sure where GDXJ would open but the strength in gold was an indication that there might be demand. At the open there was a gap down, yet the demand showed up right away and price started rising. Seeing this...

Placing a stop at certain location does imply that trader valued that stop higher than the alternative. Where the price goes after the stop is hit is all that happens after the fact. The placer of stop isn't aware whether it's the stop being picked or something substantial at that moment. Only...

KP, I would like to answer more thoroughly but notice the questions you're asking. They are very intelligent questions. Again, SLA is training wheels. It has gotten you to notice things that a trader who pays attention to price behavior must. It's a sign something is going through the head and...