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This pattern also reminded me of the pattern formed by the LTCM business in '98. At the time, I called it a "V with handle", and the result this morning was the same. Traders decided not to go down by the close, which left two choices: sideways or up. That improves the odds considerably. It's...

That's what Appendix F is all about.

Looking to the left doesn't help, tho, when trading channel limits. This is an AMT trade. As for "fear demons", that can be addressed by determining in advance the potential loss. Then, as I said, it's a matter of accepting that or not. If one decides to accept it, there's nothing to be afraid...

It's common for new PATs to distrust tests that make a lower low. Perhaps the best way to get past it is to determine just what it is that one has to lose then either accept that or do nothing.

Information risk vs price risk . . . :)

Well Duh!

Though it may not be the most attractive analogy, this process is not unlike dissolving a clot. If those who work to be successful could get just this far, the road ahead would be much clearer.

What I do isn't particularly important, especially as what I do today may and probably will be different from what I did yesterday. Or last week. Or last month. The market in June is not the same as the market in January. The market in 2015 is not the same as the market in 2014. The advantage of...

Unless they went to a Christian college . . .

The Scratch The scratch is probably the best idea to come down the pike since digital charts. It functions much like a microchip implant, flicking you into auto mode when you're about to do or have just done something stupid. Not only when events go against you but when they even LOOK like...

Learning by doing is not the wisest course, but it's up to you.

I wasn't referring to highly-skilled employees but the general population. After all, if the population were educated, the entire right-wing media empire would collapse tomorrow.

Well of course not!

Shut down all the schools and find out. The rich benefit from an ignorant population after all.

Ah, the Fairness Doctrine. Those were the days . . .

Misogyny Forever!

Yea, Zen! :)

That's where the money is these days . . .

1. Prices rise. Relentlessly. Year after year. Absent deflation. 2. Companies don't provide services that are paid for by tax revenue. Their services are paid for by the end user.

If you're serious . . . Developing a Plan (the process is the same, regardless of the path one takes, and they all require a lot of testing).