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Let me give you an example. I like to buy coffee capsules for my coffee machine. I can buy them from quite a few different vendors. The price is typically 25c to 30c per capsule, I have seen them as high as 40c but not higher. Sometimes a vendor runs a promotion and they go as low as 15c but...

Thank you for your well written and detailed post. I look forward to your argument that selling high in a range is a dumb thing to do. thanks.

Please educate me as to why institutional traders 'buy anywhere' and are price insensitive. Here is a clue, you can't because they don't just buy anywhere only a small subset of them do.

I look forward to your argument on why buying high in a range is a good idea. thanks.

False. Unless the larger trader is a non price specific (typically utility or hedge) they will look to execute on value for themselves or their client. This is typically via a fill algo (but can be manual) of which there are many types. eg. vwap, growler. A growler is a simple BTD fill algo...

not necessarily the return on your capital is a function of the strike rate, RR and the amount of opportunities that present.

Yeay just to confirm I didn't mention charts for example when I buy a used car I don't tend to look at charts.

correct. please present your argument for buying high up in a range. thanks.

What about at the bottom of a range in a higher time frame uptrend? You still don’t like that?

If price has been in a range for sometime why do some people insist on buying when the price is well above the average price of that range? It's just a really dumb thing to do. When these people go shopping do they actively seek out overpriced items to buy and ignore the cheaply priced items. :D

How dare you be so condescending to women. Oh wait you are right. damn lol.

Great post. When you said 'worked at a day trading shop for 3 years 2006-2009 straight out of college. I learned that the ups and downs of the job are not right for my mental state and ultimately left to work as investment strategy analyst at a fund of funds hedge fund' I totally hear you. I...

don't trade with money you cannot afford to lose. Focus on your studies/career and paper trade end of day data only, then save until you are in a position to do things properly. my 2c.

man i swear if I threw a brick out of my window Volente would want to go long it's trajectory. you cannot fix dumb.

wow he has been top calling since 2006. that is one big cluster*uck of fail.

wtf? you are willing to give up your life for trading success? lol. My advice would be to continue a career/profession/business or learn a new career/profession/business whilst you swing trade using end of day data. I would not put your life on hold for trading as it may never happen. in terms...

when you consider it a trend it will become a reversal.

go trump. grab em by the *ussy.

..................and here are the tax cuts and look at the S&P.