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Yes. When a massive tidal wave that will utterly destroy everything in it's path has been on the horizon for eight years, we can assume that what is being done is deliberate.

I think the actions they take are not taken out of stupidity, they are intentional. Take Alan Greenspan for an example. His public comments today are 180 degrees different from when he headed the Fed. There's a reason for that, the system is corrupt. Obama isn't stupid, he's corrupt. George...

Short selling serves a very important bullish function. It works like the ballast tanks in a submarine. The market slowly acquires short sellers like a sub takes on water, but when the sell side gets too crowded, the shorts get squeezed, just like a sub blows its ballast tanks, and up we go...

I used to think that way. In reality, they are corrupt and know exactly what they are doing.

Yes. Passive investors just follow the crowd and hope the propagana they've been fed works out for them, because when you take the money out (luck) has a lot to do with the end result.

Of course Trump is cautious, real estate is a gambling business. Gamblers who are not cautious do not survive. The AP is hardly a credible source of opinion on politics and markets, but thanks for your political opinions about Trump.

You are killing me, I had to get my wife, who is 53, to watch this and she chuckled just one wafer thin mint beyond her usual dismissive attitude.

My bad Hootie, she says it in the first minute. "If you know where your exit is..." I agree with her 100%, how you execute is much more important than what your prediction might be.

VERY interesting idea. Linda Raschke also said the following: “I put a great deal of effort into getting the best entry price possible… If your entry timing is good enough, you won’t lose much even when you’re wrong.” - Linda Bradford Raschke These would seem to conflict, but hey, it...

In history, everything changes, all at once, all over the world. This game is rapidly changing and I don't pretend to know what the heck the next cycle is going to look like. If history is any lesson, you can't project America's decline or China's rise out into the future. I'd be surprised if...

Chinese farmer featured on ZeroHedge today. He took his life savings ($167k, AND his family's money) used 500% margin, bet in all on one mining company, and was wiped out in margin calls. He now owes his broker more than his original stake. I got an evil chuckle from his rap about how he...

No, I didn't do any due diligence on his track record. He started trading for his own company in 1980. The validation purportedly used his tax returns over a 20 year period. I was incorrect, he had a 41% rate of return, with the worst year an 8% drawdown. He has outrageous performance...

I'm sorry, I overlooked your reply. I am in limited agreement. If you limit that question to whether you should buy or sell, I believe you are correct, and Peter Brandt said it best. Brandt, who has averaged around a 46% return for decades with a max drawdown of 8%, says that a trader could...

The right answer depends on the details. How many trades are you going to take this year? For example, if you take four trades a day for 250 trading days, that's 1000 trades. Paying a minimum two ticks on the ES per round trip is going to take $25k off the top of your profits this year...

I think what is remarkable is the level of overt government intervention in the Chinese markets followed by a complete failure to stem the selling. This really has to spook anyone who thinks the Fed and the government have matters in hand here. I have to believe this will affect virtually all...

Surf raises a good point. It doesn't matter if a trading coach is a good trader or not, provided what he teaches is logical and works. Tony LaRussa never played baseball, and yet he coached the Cardinals to the World Series. Edwin LeFever penned the most famous book on trading ever written...

"probabilistic models" If I thought I had any probability at all beyond 50%, I don't think I could trade. For me, trading is about pulling the trigger and dealing with the results. That whole prediction thing was a long torturous experience and I'm never going back there. Today, I just...

I don't understand Clay, but thank you for your support. Winning and consistency are the things everybody else yearns for, once you realize you are going to be on the right side of 500 out of a thousand trades, things get interesting. Oops. had a little accident, and have to plug up all the...

"Something is wrong in a winning trader's mind, because everyone else is occupied in trying to MAKE it rain in a single trade by shaking the totem just so. Once we give up on this impossible mission, this becomes a very profitable profession. " What? I was trying to say the mindset of a...

Don't you dare apologize to me, your scepticism, and refusal to accept what you are told, is EXACTLY what makes you different, someone who has a chance to make, and hold onto, money. Everybody else is making plenty of money but giving it all back. Everything I have above the average break even...