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When money pumps a stock, it rises, when they sell in, it falls. Right now, big money is dumping inventory, the best play for them in a market with no buyers (bear). They do one-day pumps, sell all out for that day and the next, then let it fall, fall, fall, then leave it alone, and work...

Bingo. But it "feels good" to talk TA, because it creates a defense, a sense of security, for one's actions. The trading game is simply one human trying to take the money of another, by any means. Anytime they can sell the idea that you can put "logic" into the equation, you've just surrendered...

Anyone can show a single trade where anything works. A broken clock stumbles into being accurate twice a day. Warren Buffet is a bad example, since, like Elon Musk, he has the ability to create news (which helps his trades) when he needs it, and the capital and resources to bend the market to...

Nimble is the name of the game. They'll always change it up anyway they can to throw off traders. Nimble and the willingness to use it wins.

We also have to take their word about what goes on in their accounts. Anytime someone says "trust me," you can't. Especially if the business they're in is a nasty, "slaughter the peasants" game. He's already told you he "laughs" at traders, meaning "you can't do what I can't do," it's the sign...

And I'm sure he never had a lunch date where he got an inside info that helped. All the big guys have a great "cover story," and are very convincing. Truth is, it's a dirty business, the big guys ALL got there because they played dirty in a corrupt system. Thinking or believing a claim from any...

Technical analysis doesn't work since "technicals do not move stocks, humans do." If a broker worried about his year end bonus needs a quick P&D to get out of a bad hold to square his books and keep his job, he's not moving the share price with any thought about technicals. This happened on a...

Market declines, crashes, and corrections are all constructions... The "original" crash of 1929 gave big money a template of how to/how not to work and manage a crash/correction. That model in hand, they became part of the accumulation cycle for big money, who now have had 100 years to...

Repeated mistakes are a pattern. Traders with strong pattern recognition can do well. If a pattern is a negative one (repeated behavior), it's important to dissect it, to tweak your own flawed decision process. Since only a few trades create the biggest losses, identifying and correcting that...

She would have found another way to blow the money. It's never the scammers' fault, he's just doing his job.

People are always more sloppy with money they don't earn. The false sense of relief from not having to earn it lowers their guard, almost every time. It wasn't the scammers' fault, he was just doing his job.

Insecurity does not make for good trading, which is why you are probably correct here, sensing a confidence level that is not up to stomaching Forex, a trait that will cause self-doubt, and cause large losses. Needing support is the tell, instead of discussing craft or technique.

Without being able to see every trader's account summary or being able to get an honest answer from every single trader about their losses, there is no "exact percentage," so all of your trade decisions would be based off inaccurate data anyway. The market is not a meritocracy, there is no...

Why is the exact percentage important? If you're a professional trader, or even if not, you should be happy that 90%+ lose money, because those are the ones you are competing with when you trade. For every dollar one trader makes, somebody has to lose one. Traders are simply trying to take each...

A song written (the title referencing California as the entire state being a "hotel," since most of the creatives of the 60's and 70's were out-of-staters seeking creative fulfillment), not a specific building or location. It was a slang phrase of that era. Important to know your history, lest...

They only reason they are fighting with one hand behind their back is because every time we untie the other one, they start punching themselves again.:mad::banghead: Embarrasing to lose a fight to yourself...:(

Yours is the most clever and original comment. Good one.:thumbsup:

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Trading with my mouth? That doesn't even make sense. Yes, I'll take the compliment for being good with words, since I'm a paid professional comedy writer (over 50 half-hour episodes for network television), so kudos for giving me the kudos. Like you, I trade with my own money, about 10-12,000...

Why so grumpy? If you're not making money, ask, happy to help you do it! You also repeat, either your keyboard is stuck, or you're stuttering. No judgements. Lighten up. Happy trades!