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During the last 12 years, I owned 3 or 4 ST Almanachs... Each year : same stories, same ideas, same stats... Is it useful ? No, because all information are already available on internet. Is it useless? No, because when you open it, you feel like Gordon Gekko with his own secret book. Definitely...

Seriously, this guy is Jerome Kerviel's brother! CM

Excellent reply. And yes, good luck because people usually don't change. CM

Ok "i will do it". Truth hurts, but there is 100% chance you will not do it tomorrow, or in one year and probably never. Your sarcarstic "Lol" when someone tells you the truth shows that road would be long, really long for you. You are still at stage 1. In my case, I have made money for a long...

Bravo ! You are at stage 1. You got a plan and want to apply it. Better than 50% of traders. Stage 2 : test in real market conditions Stage 3 : it doesn't work? why? Stage 4 : adjustments Stege 5 : it doesn't work ? why ? I got a new plan, back to stage 1 or my plan works, go to stage 2 And...

I am 100% sure using 1 min is useless for me, same for monthly and quarterly graphs. But 4h ? I don't know. I didn't really test it for a long period, so I am not sure if it could be useful or not for me. If a real expert here could explain some advantages and not platitudes, of course I would...

Nice quote, but I don't understand your answer lol. I know why I use 15min / 1h/ daily / weekly and as you would say, I "need" them for my methodolody. I just don't need the 4h because it doesn't give me much more information compared to the 1h and daily graph. But I can understand some people...

Before Brexit, everyone was already selling Barclays like crazy. -50% at the end of March. So it was a natural short target for hedge funds waiting for the Brexit. And this is still a good short. When everything goes wrong, weak is going weaker or die, only strong survives. As simple as that...

Interesting post. My favorite timeframes : 15 min, 1h, daily, weekly. I tried 1 min or 5 min : too short, lots of false signals. Except during high volatility day. For example, if market is already down -3%/-4%, and i am waiting for a countertrend : I would lower my favorite timeframes to 5...

Wrong : after only 2 trading days, your VRX US C25 is already down -35% ! Maybe -50% at the end of the day and -95% one week later. And if you bought puts 22.5 rather than calls 25, you would be flat, even if VRX is making news lows today!! Options trading is not that easy. If you want to be...

Seriously, do you know what is a short squeeze? This is when shorters lose their shirts because they are forced to buy back their shorts in a hurry without liquidity. But when a stock like Valeant makes new lows every week, shorters are not really stressed, right? Moreover, Valeant is still a...

You are both right. Even during high volatile periods, you must stay focus and trade as usual. Because the tape tells all, whatever the issue (political, central banks...) and you need to trade with your same routines and same money management. But it is true too that events like these must be...

Yes, of course, with perfect timing and big risk. But with an "ok" timing and low risk, you would have made a killing with puts. When you buy VRX, you fight against the trend. Same story if you tell me we can buy VRX today because "it is up +5%". But tomorrow, one week, maybe two, be sure, we...

That is why you recommended to buy one week before earning announcement day ? to catch a weak 10% rebound before the downfall ? What a trade. How to make real money ? buy what is rising, sell what is falling, don't guess, just trade what you see. Too obvious or too simple ? Well, that is why...

You are right, new buyers, previous buyers are already broke. Thanks to new buyers, there will be other nice bear market rallies, and good opportunities for smart traders / investors to short again VRX. CM

Lesson learned i think? -20% today, -30% in less than a week. If you want to win this game, sell what is oversold, buy what is overbought. CM

- Willing to win - Responsible - Self-confidence in his method/process... but no ego - Self-control and aware of his weaknesses / bad habits - Hard work - Patience - Discipline - Adaptability - Good at maths - No chance... but a bit of luck Majority doesn't want to follow these criteria. This...

Ahah, you know, you are a dreamer, but you are not the only one ! CM

http://www.elitetrader.com/et/index.php?threads/schadenfreude-alert-karen-the-supertrader.300275/ So ? Do you still believe? CM

Fabulous short ? -5.5% in 6 days ? If you bought puts with perfect timing, perhaps you could make some money. Perhaps. Maybe you think "MCD could be forming a double top" ? I got bad news. MCD is still mega Bull, don't expect a 40% decline, oh no. VRX oh yes. CM