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I am a one person operation so I don't have time and resource for complex system and algo. I grab free EOD data and read daily chart on 50, 100, 150 and 200MA. I track those stocks that above these 4 MAs everyday. So, I don't need to read books on TA and system building. But I like reading the...

What if GM didn't kill the EV1? Will GM be what it is today? If Tesla doesn't succeed, someone else will.

"They" say ones need to be discipline in trading. It won't help if it's discipline on the wrong thing. I read all his books and watch his videos. Trading in the zone is the best. But ones need to been through it in order to appreciate his points. It's similar to Reminiscences of a stock operator.

This is precisely what I am thinking, it's an entry issue.

US export to China vs US import from China is about 1:4 ratio. https://www.census.gov/foreign-trade/balance/c5700.html

DHUnplugged

Market is a beast. 1. Each time is unique. 2. Anything can happen. 3. Sometimes luck can help. 4. Wins and losses are random at best. Because we can't tell which bet is a winner. 5. Edge is very illusive. Casinos definitely have an edge over gamblers.

Thanks MarketAddict for sharing. I subscribe to the idea that big operators do "work" the charts. Not often, but sometimes it blew up in the operator's face and all the skunk works went public.

Indicators sometimes work. BUT they do not work every time. Otherwise, there is no need to work... just trade stocks. This is a quote from Don Guyon's One-Way Pockets (written about 100 years ago). On the other hand, the operating plan is not akin to any of the arbitrary systems of chart play...

Each stock trend has its own personalities. It took me quite awhile to understand it. The only reason that I can think of is that each stock attracts different crowd, speculators and manipulators. The overall effect makes up its personalities.

Your system is an expert in chart reading ? The manipulators can make the charts look good. :sneaky: Your system use some random distribution to predict a chaotic price of the market and expecting it to give a accurate price prediction ? Just may be, that someone out there has already using a...

I find Don Guyon's One-Way Pockets described the similar situation as per thread title about 100 hundred years ago. Why it's hard to make money ? It's rigged and having the right mindset will be the edge. It a short book (64 pages) and easy read.

Without a plan, there is no way of knowing your current state. Without a current state, it's hard to move forward.

He anticipated correctly but gotten the timing wrong and that brought MF Global down.

Sometimes leadership transition is important. Jack to Jeff and Jeff to John. Current course is not feasible and sometimes making changes is more dangerous. Judging from the CEO transition, it has a deep rooted management culture. Change is hard.

As long as crude keeps running up, it's a safe bet.

I gave up on the idea of generating consistent profit e.g. like monthly salary. Focus on the risk of each trade but not risk averse. Game over when the trading account blows up. So, must protect the capital at all cost. Be hard working and look at the charts everyday. Long enough, all the chart...

Whitney Tilson did try on NFLX. It didn't come down. :(

Sell dear and buy cheap. If such an edge exist, all algo traders are millionaires. It so hard to know the market.