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you caught the drop,congratulation! I shorted it on the spike(I hate to short on the news) , I felt it will to 60 around. follow my hunch is great. Jessive livermore's least resistance of line works perfectly in this situation. Turkey's price is cut half today.

I think losing $5000 would be much more fun via trading rather than just giving it away. What's the expert gonna tell me? That I need to develop a thoroughly backtested plan that has a statistical edge? I already got that info for free! :) when I donate $5k to Church, pastor's eye beams up...

only trade it. there is no sense of statistics analysis. Facts here: when market trends,follow it whether up/down. when market sideways, go against it. when you follow a trend, go againts the smaller timeframe,but follow the big timeframe if you indersatnd those facts, then youhave an...

I trade without charts,only with sense of direction and what price I want to get in and get out. I always think charts are distracting my trading. I donot believe charts contains the information I am looking for. I feel the market through my sense of direction. DIRECTION, market...

Focus is the key toward success. Martin Schwartz always is my model. since I had the similar styles. I once shorted 20lots of sweet crude in the drop, and immeadiately closed with $0.1 gain, just $0.02 away from the true bottom,and that bottom price actually just stays seconds! I donot believe...

because you want to be a consistent loser. no one can help you. when you expect yourself a winner, you will be a winner. when you expect yourself a loser, you will be a loser. sounds like philosophy.but it is science. how a consistent loser created? your expectation. Norammly your...

the term OVERTRADING is those people who are losers. if you are winning, why not trading? people who donot like trading should not never trade. only those passionate people who will deliver great results. I love trading, just wish market even opens at weekend. the most disppointed is...

I agree. if you buy AAPL/GOOG, hard to be doubled. but 0.3stock doubled tripled overnight. of course, the odd is very low, more unpredictiable. I once treat it like: buy the cheapest lottery, win the multi-millnion. think it as lottery. often I monitor those pumps,then short. the...

trading penny is easier than options. penny does not have time decay. timing accuray need be minutes/second. choose to wait, 99% time you will ride out if you donot care about the time waited. for example, FNMA, maybe youbought around 3 or 2.5 in the first thrust drop, and see it droped to...

you need a timeframe.otherwise it ismeaningless. for example, from today to end of May. if no price roofs off the recent high, that is top. if you frame that way, you can easily caculate the probability. you can pull out data from the market inception,examine each year. April/May is...

there is no bad traders. only greedy traders, naive traders, daydream traders, clueless traders, emotional traders, smart traders, diligent traders, wise traders, careless traders, wall street describes traders as sheep, hog, bull, bear..... Bear always wins Bull always wins sheep is...

I saw lots of ads about frorex $500 account for currency trading, that is ridiculuos. those brokers are desperate for suckers! I will set a limit for $50k for beginners. for veterans, I need ask atleast $10k.

I do not know what your point. To me, If I have a 3k account, and trade 1lot ES, that is a suicide trading. if ES against you 50 point, you are gone. but my account is 100k+, I even do not look it at all, how about 200points, just piece of cake, nothing scared me! so I do not lose in any...

that is why paper trading results are always excellent!

for future trading, better wait for your account size at $50K. the bigger the better. my recommandation is $100k+. why? first, you do not want to be in a scare mode. Mentally you are in good shape. just like walk on a 3meter wide cable, even hang in the air 100 feet high, you feel...

you are 100% right. Cherry Picking! that is why I do not follow charts. Sell high and buy low, or buy low and sell high is my edge. any one sold, a tip : May/April is the best selling time in a year. People get to head to beach. SELLL... happy weekend

cloud is cloud. you should never think cloud as something else. chart is chart. I give a joke here. there is a gamber, who throws coin. head up,draw a green bar. head down, draw a red bar. he is a professional gambler. magically he draws a nice up trend chart. then presents this chart to a...

the only thing I firmly stick to is buy low and sell high. no secret to everyone here. a little bit advantage over others I programmed my rules into my trading platform. I am a small retail trader. trading is an art. at the mean time, it is science. when you talk about why sky is blue, that...

you can join the chat support. $0.1 and put a stop loss is stupid. you shorted $2.3, then to me stop loss should be at least $0.3 150 bucks, plan to cover it at 1.8~2, that makes sense. short $2.3 penny stock is riduculous, too much risky. penny stocks just like options, when they...

fear means bubble. greed means herd. I always play the fear card, more than the herd card. I like to short a rally, not sell short a drop. I like to buy dip, bottom picking, no hype for chasing extended rally. buy low and sell high serves me very well. when it is low, I feel greedy and...