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haha very good.

It's called execution. Press the buy button and then manage the position.

Actually, you should realise that it is not necessarily that your idea is dumb per se, it's just that you don't have a well thought out strategy to go along wiht your idea. For example, you could take a position (.i.e go short) with a small enough position that you can handle a rally up past...

No price action or trade signal guarantees a specific outcome, it only suggests that to a certain degree it is likely to happen but there is always a very real possiblity that it won't happen.

Let's not forget that price action only suggests a probability that an expected outcome will follow.

How deep are your pockets ... The risk to the upside can't be quantified here, this could rip far higher before coming back.

Ok so at least you realise that you have got no idea what you are doing. The good news is that you are already ahead of the countless dimwits on ET that claim to be short and loading up for the imminent crash. Stop trading money and get to work on coming up a sound strategy. Good luck.

When the top is in it you won't have to squint at the chart to see it, it will hit you in the face.

Unless you have very very deep pockets, or are trading OPM, if you have been and continue to be short in this market you have no idea what you are doing. Who cares if it is fake, it has been and hopefully will continue to be for a while longer a great bull play. JMO.

Calling market tops is a losing proposition. This has been written a million times before but some people never learn. A broken clock is wrong twice a day. There are easier ways to make money in the markets than fighting the tape.

There are some good answers in this post. I will add that you should not need to forecast.

Take the developer position, spend the next few years building up your bankroll and learn to trade on the side. Also you could try to befriend a trader or two in your bank and who knows, they might point you in the right direction.

I tend to agree with you.

The beard is doing a great job! He is meeting his objectives and excelling even. It seems a lot of people have misunderstood his mandate.

It probably is a wind up yeah.

I believe it all depends on your time frame. If you are scalper in a fast market you are better to scale out at optimum levels (levels where you believe that statisically you would be wise to take a profit). If you are like me (a swinger baby) I have found that you want your full position on...

Time to step off first base. Add to your position!

Ok I just didn't want to see you blow up. Just keep in mind that sometimes the market moves against you so fast that it offers no retracements to get out. The only important thing is your P&L, if you can make money long term then who is say your strategy is bad.

AyeYo, what is your plan of action for a trade that goes against you and doesn't come back?

Yes ok, we are stating that a trader can reach profitability a lot faster if they are given certain information that goes unoticed to the average struggling trader. Isn't that obvious in almost any endeavour? Is it right to give out that information on an ET thread? I'm not so sure. That is...