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I think you nailed it. Spot on. Correct on all points. Of course trading is easy. Making winning trades consistently takes practice, what I guess some would call be patient "hard." Happy trades!

I agree with Gold Digger. You should only be trading your own capital. Risking the money of family will lead to disaster. Emotion is the only reason traders lose money. You admit it's a problem, which is common, so it needs to be dealt with. Until you can trade without emotion, it's not...

I'm not sure why you needed to transfers coins to begin with, instead of just selling what you had, then rebuying the same amount back in the new account, a much cleaner fix. Other than the transaction fees, it would have no affect on you account's value, so why do things the hard way? Trying...

There are a few indicators, but the easiest way in practice is imagine yourself as them. They need to make moves to generate millions every day, all done using fear to move tickers. So, if you're them, how does what they're doing that day on a particular ticker help them? How are they trying t...

If you view it through the eyes of big money, they always have to move the market. They have to pay huge carrying costs, millions a day, to keep the lights on and pay for those huge marble buildings. To stay in business, they use the models that have shown how to manage the markets in all...

I'll take it, the more the merrier. Since I'm not swing trading or holding anything, the more volatility, the more drops, the more panic, turmoil, and chaos, the better. You get it. I checked out your "Pink Panther" cover, will look at others. Fun. I'm also a songwriter/lyricist, so I...

The market, even each ticker, goes up and down every day, whether bear or bull, so just flip-flip-flip. Play the bounces, get out clean, find the next trade. General market ups and downs are over-rated, just trade what you see. In a down market, everything is cheaper, which is GREAT! Happy trades!

At least they don't have pitchforks AND horns. One guy has a rolling pin, guess he's more comfortable in the kitchen, and one guy looks like Weird Al Yankovitch, attracted by the beat of the crowd, I guess.

Hi Ken, As always, it's great to hear from those you respect. There is surprisingly so little discussion ever on chats about craft, trade tips, etc - it just amazes me that expressing an opinion means more than picking each other's brains for knowledge. Hope you're having a great day!

Agreed. The need to feel more powerful than you covers underlying insecurity. Convince enough people you know what you are talking about and they won't make you accountable. The market moves up and down every day, bear or bull, so mastering how to play drops and bounces, and getting out clean...

Pension funds always buy high, they go in heavy at IPO's (dumb, since IPO's are a P&D), most of their institutional buy-holds sit for years and years in the red, many never come back to even. They are notoriously poorly managed, most are in trouble all the time. If you want to see some of the...

Sounded like a "one off" vent, since he made O follow up comments. Just a bomb-thrower who more than likely took a hit and is trying to talk down to people to feel better. He starts with a flawed premise, that everyone was in at low points a couple years back and rode it to the top, so "we're"...

I'm not sure why traders are worried about "finding the bottom." It could only mean it's swing traders talking, since they hold, not day traders. If you have the chops, what's not to like about day trading a bear market? Bear markets have lower prices and greater volatility, creating a better...

Nobody asked but, I usually go with a 4-hour chart in the trading window, with the 5-day chart, showing the entire day, on a second screen, to keep where I am overall in the "big picture" within a session, since you don't want to be trading high after 1:30pm, when big sell downs occur. Looking...

The problem with stops is that they don't have to be filled, able to essentially be "skipped" by MMs, which most traders don't know, completely legal, but in the meantime you "show you hand" to the MMs, who then intentionally use that intel to knock you out, and flip your shares to a gain. The...

Greed works. Fear of missing out pulls them in. They got some easy money, changed their thoughts about money into thinking it should be easy, that's it's been easy all along and they didn't know it until now, so they plunge it all in, thinking this is how it will be from now on, trying to "make...

Fair enough. She's still a bad investment no matter how you look at it. PT Barnum: "There's a sucker born every minute."

No way a winning trader would be interested. Imagining how hard he's worked to get where he is, then having someone with her money skills in the house. Would you want her to have access to your account? Nightmares.... A winning trader couldn't win make choices that bad.

You are correct. "Emotion is the only reason traders lose money." The market is fear-based, a useful tool against traders. Fear of loss, and greed is also fear, simply the fear of missing out, which results in chasing. All emotions, very well-observed. Happy trades!

However, you're accumulating a larger position each time there's a pullback and are wrong, creating holds, which in a declining market, is extra risk to capital exposure, so "foolproof" will only work, like anything else, when you're right. Averaging down "as you go" in this way could also...