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The more BTC corrects, the more prickly the noobs get.

Honestly, if you don't know how to tie securities to a cash management account you need to do a little homework.

The penalty and the ordinary taxes comes when the money is removed from the plan. What is your response to my main point ? What plan are you referring to ? Who is your employer ?

The sequence of your math equations are not correct. But, aside from that, active trading of most 401k plans is not possible within most company plans. (See RM post). What type of employer/plan are you referring to ?

This is ridiculous. Any investment gain in any asset class can be monetized to make it transferable/spendable. Actually many with less cost and hassles than the your beloved coins.

Did not mean rule in the strict definitional sense...pattern would have been better.

Yes , the difficulty is "seeing" the initial 1st bar. What indicator or tell, outside of volume, do you use to recognize such ?

I agree. But what i try to do is just catch the herd then get out, hence my 3 day (bar) exit. I'm totally willing to leave money on the table. The trick is recognizing the catalyst of and acting on the "smart money" move.

Just a FYI...Bill Miller will ride a failed trend all the way into, and below the ground. That is just his style.

8 % vig is a little steep.

The fact that you have to "learn the process" for a mundane currency transaction will be a a hindrance to the general acceptance of BTC as an everyday medium of exchange. Although this obstacle pales in comparison to the volatility in this regard.

It is the trading acumen of the TT staff ! Ha. Sorry..I don't know.

Yes, just about every broker dealer client poll is extremely optimistic. This is a big change from 1 year ago. Take from it what you will.

I swing trade options with similar criteria as you. But if you are mostly using the SPY why not use futures ? You are not picking up a lot of convexity with the option in this type of trade, are you ?

Yes, obviously this 3 or 4 day trend is part of a higher time frame trend one way or the other. In this particular instance I'm looking short term. Also, "bars", of any duration, can replace "days".

Yours was not !

Yes it is an odd post. I have tested...like most patterns it works sometimes. Just looking for opinions, yours was worthwhile.

Ignoring for now what the catalyst may be for the start of the move...... Any insight or opinions on the feasibility of the "3 day rule" in regard to short term trends ? Day 1 "smart money" a reversion or start of a new leg, big relative volume. Day 2 "herd money" continuation. Day 3 "dumb...

It is old school but many have done it that way. But, not knowing who your friends and family are, unless they are really going to back you and move substantial assets to you to manage that route may be limiting. Cold calling is highly regulated these days...do not call lists need to be...

Wirehouses make you jump through hoops just to buy a 2x leveraged ETF !