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Trading is not about instinct. Trading is about repeatability. Same process. Same routines. Same actions. Same control. And do it again. Exceptionally, maybe 1 or 2 times per year, your gut feeling, your instinct tell you there is a great danger or opportunity. But don't trust them except these...

No comment graph. "lol" CM

Why are you talking about asset? Bitcoin is virtual, not an asset. No cynicism my friend. How was the Turkey? Good ? CM

Excellent remark ! Thx 2 decades after, same behaviour, same foolishness :) CM

Why? When you erase 1 month of non-stop rise in 2 hours, this is never a good sign. Except if there is an unexpected rebound during the last hour (10% proba), more downside to come. Hedge funds are hungry CM

I half agree. Obviously, this is a dead cat bounce, but even if you short it @ 296/297, it is still OK if you place a stop loss, let s say @ 303 dollars, because you can target 250 / 270 dollars. Reward risk is good = 27/6 By the way, same story for TTWO. If you got a stop loss above 120...

Big turnaround, noone knows. But whatever the drawdown, there are always dead cat bounce and OK exits. Friday 16th October 1987, Stan Druckenmiller was dead long. Monday 19th, the market gapped down and he was able to close all his positions with a limited loss during a short dead cat bounce...

All is said. A simple (but not simplistic) system and good attitude (humility / discipline / self-control) are roots to success. First step : find a system that works and that you can apply. Test it / refine it during weeks / months / years. Backtest / Demo Second step : when you are...

You bought products? Generally, BTC's owners buy houses, flats, gold bullion ... You got the good investment and the good timing, not the reward. Sad :( CM

All trading decisions are by essence subjective. We are not God, we don't have perfect information. So glass is not half empty or half full. Glass is half empty and half full. If you understand that, you will succeed, because whatever the issue, you will be able to adapt. Flexibility is key. On...

Basically, Elliot wave theory is a mix of Dow and Mandelbrot. But would you make money in practice? I doubt. Too many interpretations and zero timing. IMO, the only interesting point is that at a start of a new bull market, the 2nd wave would retrace at least 2/3 of the 1st. Actually, it works...

This thread is one of the best of these last months. Good posts from Beerntrading and Kim Klaiman. You can find all noobs characteristics : - arrogance - narrow-mind, inflexibility - belief that markets / equities follow normal distribution (lol) - no risk-control It reminds me an ET member...

Of course Apple is still in an uptrend. We are talking about a short term H&S (by the way SHS means nothing), a correction of 10% is normal in an uptrend. This is why I draw an uprising arrow to show the potential rebound. CM

Hey Jules, good job ! You are damn right, this is 100% a H&S, no doubt! Declining volumes and RSI during the right shoulder. Confirmed below 169. But as you may suppose, because of the timeframe, don't expect a great correction. I agree for the first target @165 dollars. But odds are high Apple...

Well, as Baruch, I always sell too early :). I am a trend follower but I won't follow infinitely. So I prefer take profits with 100% certainty a bit too early rather than waiting for a confirmation of the exhaustation of the bull case and lose a big part of my profits! My 2 cents. CM

Neither a bull case ! You don't buy close to overbought historical highs :). CM

Excellent ! BABA says Yes WE CAN ! CM

Troll in chief is back! Is your goal in life to replace MarketSurfer ?!! Xela's advices are more valuable than your part's art, part's science BS!!!!! Lol CM

Good link, thanks : "Markets are dominated by periods of time where there is “nothing to do.” Infinite patience is critical to navigating these periods, utilizing “vigilant inaction” to position ourselves for the inevitable periods of volatility. Overtrading, taking profits too early, and...

Ok, why not, on a ST basis. For once, I agree with you. Strange ! CM