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It's not something I would buy if the 200 is declining, just not my style. Not saying you shouldn't buy, just a negative for me if I thought about trading this stock. What am I confused about? The only way the 50 day can be below the 200 day is if at some point for awhile the stock was...

How do you know when they come into play? You admit that you don't know when fundamentals matter, but at some point they come into play. How does the market decide that the fundamentals are all of a sudden great? And what fundamentals are you talking about (p.e. of the s&p, dividend yields...

Ok, so watched the video and yes he did call the market right. One thing I didn't hear though is any thing about money management or what you should do if you were wrong. He just kept stressing that you have to think about what you're going to do when you're wrong. Does he have a website...

Not really, how do you know what fundamentals matter to the market? Ok, so you expect the downtrend line to hold if AAPL reports bad earnings. Does that mean the fundamentals are working again? They are only one company though and I don't see how they can make the fundamentals matter to the...

Where did you get in at? And if you don't have a plan to trade that one instrument with all your money and on leverage, you're doomed from the start. And to answer the original question, price is the only one true piece of information you can trust.

Again, I am quoting what you said in this post for a reason. After all the talk about buying support and resistance you say that you would like to think that at some point fundamentals matter again. That basically implies that you may change your trading style when you think the fundamentals...

I don't understand if your a trader, why care about fundamentals mattering for the market? How do you know when the fundamentals are suddenly working in the market?

Ok, don't want to go through every subject and refute why these rules are not necessarily wise for everyone, it all depends on one's trading style. So here are a couple: 2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the...

Yes, but support and resistance is very subjective. You say that we are really close to - and maybe even at resistance. Well, I can argue that you are wrong and we have just broken through resistance and are headed higher. Just pull up a 3 month chart of the S&P 500 and look at the top at the...

And what pullback are you referring to? If it goes up another 10 points and pulls back 2 points, is that when you will buy or are you hoping for an immediate pull back that you do not know will actually happen? And where are do you think it will pull back to? I guess one good thing is...

Sound's like your good to go then, but I still think you have a bias based on your comment that I put in bold above. You may be right (for your system), but it still is a biased comment based on your interpretation of the market.

Thoughts? I'm assuming you currently don't have a position in any S&P trading vehicle and want confirmations from other people of your beliefs of selling the market here. First off, there are many other questions you have to ask yourself. What time frame do you plan on trading? How much will...

Now what's wrong with a system? Some of the richest traders in the world trade based on the systems they created. Just read the trend following book by Michael Covel. The way the system traders trade, there is no struggle between Bulls and Bears, only the struggle to have enough conviction to...

Geez, just trying to give a little constructive criticism and share a thought too. Next time I'll try to be nicer by agreeing with everything you say so you have that extra bit of confidence in what you think.

It looks like it hasn't broken out yet, but possibly might soon. It has gone from 84 something to 94 since the beginning of April though, so I guess if your holding might as well see if it can keep going. And I disagree with the person recommending to buy BP instead. BP is a little bit...

When it comes down to individual stocks, losers usually average losers. Not trying to demean you or anything and say you are a loser in general, just in the stock market currently. On the positive side of things, hopefully you learned what not to do on your next trade!

I don't see why you would care or use the liquidation value in any kind of analysis. Assuming the company did have to liquidate, it would mean they claimed bankruptcy and you won't get crap being a stockholder, so it's just pointless looking at the liquidation value. And if this market is...

It may not be a good idea for YOU. But some people may develop profitable strategies doing just that. I'm not saying that I short strength, but I just think some people may do it and do it successfully.

You may be right! And you may be wrong!

I say go for it and screw the paper trading. Paper trading is a joke because you don't have real money on the line, so you have no feeling of what it is actually like to have money on the line. Like you said, your willing to lose it all so it doesn't matter! If you do lose it all, at least it...