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"i would humbly disagree, VIX really only dropped in the 3pm hr" VIX is not a measure of volatility it's a measure of IMPLIED volatility. it does not measure volatility qua volatility. it measures "risk premium", iow a forward looking view at how option traders are assessing FUTURE...

"The average American is quite ignorant of the rest of the world (economically and otherwise)" the average american does not trade stocks. the VAST majority of americans who own stocks do so mostly or exclusively through mutual funds, and the vast majority of that ownership comes through...

"I did no such thing, strawman wise-as a self proclaimed technical charting guru, of course i would be baffled by someone saying tape reading or order flow etc is technical analysis, i would say it isnt, just where do you draw the line-working with no data at all, ever? " you can be baffled...

"Ok, how is it, we never hear from these"pure price" readers, who are so freaking wonderfull and amazing......why is that?" who referenced these as being wonderful and amazing. "Bucketfulls of people saying TA is garbage," sure. look. i will say again, MOST traders will lose (in...

again, TA is not all squiggly lines if you are doing pairs trading, that is to a large extent a study of price relationships. that falls under T from what i have read of bright, he does mostly pairs stuff. again, many people get this impression from reading all the retail...

"Simply, those that are consistently profitable via TA, see TA as just one tool among their other tools. " this is true, and has been my experience in what i have seen from successful traders AND investors. if yer scalping on a very short timeframe, it might be 90%+ TA, but for most...

look. TA is the study of price, volume, and derivatives of same. it can (but does not necessarily) involve charts, etc. yes, u can use TA without charts (think tape reading for instance). fundamentals is the analysis of underlying elements - market share,product superiority, management...

"TA is not quantifiable, nor math based" false. some is, some isn't. there are plenty of systems, for example that are completely quanfitiable (and quantified). personally, i almost never trade SOLELY on TA (and i don't use any indicators for my TA), but it's part of what i look at in...

"The stock market is nothing more than a random number generator and random number generators do, in fact, create patterns." where is your evidence that it is random? it is not ime and based on my studies. chaotic? yes. often inscrutable ? yes random? no

"It's a great market to trade if you're properly funded. Wide stops can easily get triggered with the large swings so a string of bad trades would tear you apart. One of the best ways of managing risk is trading small with a large account. If your overall assessment is correct but your timing is...

this market imo is INCREDIBLY tradeable. stuff simply works. it's logical. the thing that has changed is that volatility has increased . how does a trader intelligently respond to increased volatility - smaller size, wider stops, wider targets

"So there is dilemma one -- which way will it break? The odds are 50/50." and this is supported by what evidence? really, the lack of understanding of math, game theory, etc. by supposed "traders" astounds me. just because a situation has two outcomes does not mean the odds are 50/50...

it is not EASY, but a trader can make a good living from 4-6 contracts. a decent trader should be able to average 20 pts a day in YM, which gives a decent income stream. personally, i sweep profits at least once a week. i also have income coming from dividends, bonds, commodities...

i've been rec'ing this for traders for years. including in this forum. every trader should have a business plan. my plan mandates (MANDATES) frequency, size, etc. of withdrawals from my trading account. these aren't discretionary.

my stop loss (for daytrading dow futures) is dependant on a # of factors - the setup itself, the ATR (on various timeframes), market profile levels, support/resistance, whther the trade is counter or protrend, etc tc etc but one thing is the same no matter what stop is set ON ENTRY and...

fwiw, to clarify. i trade (intraday) mostly futures, not stocks. $3 per rd trip. 1-8 contracts a trade. futures can be quite profitable if you can develop setups with positive expectancy, and trade them with rock solid discipline. it's almost empowering taking a loss because you...

". I learned the business from an arbitrage and hedged position prospective." ok " I think I suck at picking direction in the short-term and I envy those who are good at this. I'm guessing most of you are directional traders, either scalpers or momentum traders who use technical indicators...

if you are worried about this, trade the frigging YM, not the ES. the YM has a narrower spread and significantly higher chance of fill to buy the bid and sell the ask (as i frequently do). if you are trading 50 cars, then fine - you might need to to trade ES, but you are not, so why trade...

trading is not about always being right heck, many traders make good money only being right (trade hitting a target before a stop) 30% of the time. regardlss, of trader methodology (scalper, position player, whatever), traders make money when they make trades with a positive expectancy. -...

"Would have lost about 50 points today. Bonehead theory anyways. " it is (relatively) easy to run stats on gaps, since they happen frequently. nobody should BLINDLY short OR go with a gap without understanding gap dynamics. this is just part of why so many retail traders lose. there...