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Some advice on that book, read it start to finish. Atleast twice, when you understand the basic concept of the book you can re-read the 'interesting' chapters :)

Probably the best book I have read on trading still to this date. Have you read his Definitive Guide To Position Sizing? That thing is a slog but very good too.

Read Van K Tharps 'Trade Your Way To Financial Freedom' first, before you read anything else. Seriously.

Are you not worried that your performance as a trader might diminish when you have the weight of a mortgage to pay off looming over your head? I sure know it would affect me.

Ah man I can finally go back to trading at 100% margin and sleeping tight then, woohoo! short from 2710, expecting a sell down to around 2700 before US opens to rally it back up again.

Wow quite the rally here despite that negative inflation report. Maybe there really is some extra room up... Is this the plung protection team at work?

Short 2671 stop 2677.

Holy crap, didnt expect to see this when I came back. Glad I closed everything out. Still feels like a bull market if we close gaps this fast on bearish news. Hmm :rolleyes:

INFLATION IS RISING, RUN FOR THE HILLS!

Closed everything at 2635. Going for a walk and will see how the market has reacted when I come back.

perhaps you are right, I have this thing where I add to shorts at bottoms and add to longs at tops. I was already short pre-market, made 200 and 300 points on 2 positions. I guess I should be happy about it for now since I made back my previous days losses and not try to give it all back right...

Adding some more shorts with a stop over 2650.

So we might finally see the retest of the lows? Was beginning to doubt there for a second.

Pop goes the weasel. Glad I was short :)

They want you to trade more and generate more commission.

I need to learn not to try to fade people on here lol :)

Great call man :) I just trade support and resistance and patterns. Reason I went short is because I see a descending triangle on the 15m and 1h chart and believe price will retest the low before gathering strength to rally up longer term. My timing was off but my trade idea remains the same.

What do you think looks bullish on the 1h? I think it looks just as bearish as the 15m.

Im seeing the same, you can see a descending wedge on the 15m, 1h and maybe even 4h. Atleast 2 retests of the lows feels very probable before a quick rally up back to 2730. (S&P500)

What Im seeing on the 15m chart.