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On a long term timeframe, the best strategy is called "trend following". Diversification : maybe an edge 30 years ago, but today? Nope. Because people would diversify their tons of bad ideas rather than focus on few good ideas. Flexibility and timing provide long term edge. CM

Patterns (classics + my own), one indicator, and volume. Looking for breakouts or consolidation. I mainly swing trade, I scan everything to find opportunities where they are : indexes, stocks, sectors, forex, commodities... CM

It took me 5 years, thousands of hours of hard work, tests, false discoveries, disappointments before understanding and exploiting bull, trading ranges and bear markets. Sometimes, I just wanted to give up, to stop digging deeper, because I was too obsessed, feeling like a sociopath or at best a...

Or bad. The 70's, or 2007/2008 were not the best time to invest ! CM

One of many ET's falling star... Appearing out of nowhere and disappearing into thin air. RIP TEB CM

Seriously?! Best 2017' joke ! Happy new year CM

Well, it might help you. BABA was a good short, but a long time ago. BABA built a double bottom in Sep '15 and Feb '16. Since then, BABA began to rebound. In this graph, you can observe correction during last 2 months was exaggerated compared to the price. Indeed, weekly RSI made a new low...

For once, i agree with you (I remember your short MCD... NO COMMENT) This call makes sense on a ST basis, and I bought heavily gold stocks during the last month. But I would not keep them too long. 1250 dollars = out. Are you more or less optimistic than me? CM

Interesting eganon, again a good idea. Few people here give some good trading plan! Thank you. But why don't you wait for a confirmation (aka close below $83.36) ? In this trade, personally, I won't care to lose 1 dollar and wait, because downside potential is huge (target 70 dollars? 60 dollars...

Before your "creative process" : Stage one : watch, observe, read, analyze how good traders act. I agree. CM

Seriously, do your homework! There are 4 market wizards books available with dozens of famous traders inside, and noone speaks of "creativity". And if these books are too expensive or too long to read => google, there are thousands of quotes, hundreds of videos from all-star traders, and yes it...

Non-sense thread. You think Soros, Stan Druckenmiller, PT Jones, or any market wizard were creative?! You don't need creativity to be a good trader, you need discipline and hard work. This is all you need, and 99% fail because this is already too much. So they will speak about creativity...

So basically, it is game over in finance for everyone who don't automate, code or is not an hardcore nerd? Well, I think there is still lots of room for everyone who develop his skill in fundamentals / price action / TA / behavior . Why ? Because if you understand the game, you don't need a...

Wrb, respect, you stay cool vs these two trolls. One of them is notorious for his multiples bad calls and is an ante 2008' crisis trader (aka you got a big watch and drive a Ferrari / Maserati = clients and traders admire you. Lol). The other one could be his brother and consider everyone here...

It is quite obvious your 15 years of experience are not representative of how things work today! Good luck by the way, even if it is the wrong one. CM

Welcome to the 21st century! Welcome to the world of HFT, robots, order book trading and modern TA! CM

Lol, all. Every time they can skrew you : Bid/ask during volatil period. Options. Pre-opening. After-close. Stop loss. Game is rigged ! If you don't know the rules (read Hoyle please), you are dead! CM

Same story 2 weeks later. Same graph. Same support @178 dollars. Limited upside, high downside risk. Nice short below 178. CM

So true. Now, all brokers tell you fees are low compared to a decade ago, "everyone can scalp" and game is fair. But reality is that they will just take your money slower, or cheat if you win because game is rigged. CM

Ahah a new new new super trader junior Each year, we got a new (fake) champion. Remember http://www.elitetrader.com/et/threads/teenager-who-turned-2-000-into-21million-in-a-year.290758/ or http://www.elitetrader.com/et/index...on-trading-stocks-on-his-lunch-breaks.288398/ CM