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A stock like DGIT that drops 4 pts friday in a strong market on no apparent news -- then falls 9 today on an earnings warning. Now tell me, will any of those sellers on friday get prosecuted? Couldn't they all just say "I saw a weak stock and sold it/shorted it, just because it was weak"...

Yep. Probably as much effort it takes for him to forget he made the call once we hit fresh lows :)

Anyone else out there personally enjoying this dry-up of liquidity (equities)? It's damn thin out there but hell things can and do move.

1. '09 was pretty much one straight line up from march lows. You lean the right way with leverage and you're liable to knock things out of the park. I don't know if you can blame market conditions today, but you can likely account for market conditions as a tailwind last year, even if neke is...

Really? No, I'm serious -- really??

He never claimed that, and like I said gave him the benefit of doubt that he never believed that. But getting back to the real issue, when you consistently get into the biggest positions on your losers as opposed to winners, you just cannot come out ahead. Neke, have you ever pushed a...

Neke, take this post to heart. Do you really believe there is a 50/50 chance on each trade you put on? I'll give you the benefit of the doubt that you're beyond that point already and have other issues to deal with (issues I'm all too familiar with, not being hypocritical just trying to help)...

That's pretty insane dude. From a TD Ameritrade account? How often do you get away with it? Can I pay u to msg me next time u accumulate a position like that? :)

On JWN, 24000 is the number of shares traded? Or your max size position?

You'd just be "eating" your own muscles. Keep that up and you'd injure yourself -- that's how your body would tell you not eating and working out is unsustainable.

Thx!

Are there some sort of numbers coming out today?

Thanks man, the difference has been night and day. And your contributions here always provided justification enough for having started this journal.

Forgiveness, accepting faults, and letting go were a big part of what changed.

This is pretty much trading in a nutshell. It's the reason why I almost never express my opinion out loud to other people during a trading day, you need to be able to switch sides instantaneously if you deem it necessary, and opening one's big mouth will slow you down just enough to do harm.

Sorry for the extended hiatus! For those who are still curious, I had myself one final blowout session (around -18k) before I realized there were certain things I needed to settle mentally before I would ever right the ship again. Fortunately, I believe I've passed through to the other...

Sure the two have similarities but . . . I think just comparing the potential dollars that can be earned from each endeavor gives you a rough guideline of where that ends.

I'm wondering, HH/HL and candlestick patterns -- well isn't that just trendfollowing with candlesticks? (just semantics, not here to say one label is better than another) JMO but here goes: what I label "Price Action" in my mind is exactly that -- how price acts. It is not enslaved to...

Put it this way: you put on a trade at full position all at once. Subsequently you see that it's such a great idea, you double down on it. You've technically scaled in, but does this amount to a "weak" move? Note I didn't mention if the second entry was better or worse than the first. The...

Who are you trying to help with this advice? I don't understand how scaling in relates to "full position". Either you are talking to position traders/investors, who can take a full position gradually and not have a huge impact relative to the total profit, or you are talking to short-term...