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Fibo, I have good news and bad news for you to consider. The good news is that the market probably will go lower in the near future. The most recent record high only slightly exceeds the high set in 1Q 2018, so the market has basically been in a trading range for a little over a year. Since it...

This is such an entertaining thread! Will Wabu be back? I'm just sucked in like a housewife watching a soap opera. Wabu, if you're still reading these comments, open up a FX account and trade microlots so you can size your bets properly. And don't use the full 50:1 leverage--too risky. Learn how...

Well, first the US gov cannot "focus all of its income on debt repayment" any more than a household can. The real question is how much unallocated income can the Fed free up by cutting public benefits before the recipients of those benefits vote them out of office, or, in some cases, shift...

A more interesting poll question might be to ask what we think "1,000,000" [US dollars I presume] will buy in 20 years. I think Tesla will be a terrific short opportunity in the next major bear market. Hard to see how it won't finish like Enron. OTOH, the fracking industry as a whole has the...

Just curious, Fibo, but why did you start shorting (1) before a retest of the high and (2) without a confirmation signal that the trend had reversed? And, BTW, how far away is your hard stop if the recent market gyrations turn into a replay of the brief 1998 bear market following the collapse of...

That is the difference between investing and trading. PE's matter when you hold long term, not when you are doing a quick flip. Short term trading is mainly about exploiting mass psychology.

Maybe too much money in one position, or over-leveraged, or trading at a time ("Sunday night" he said) when liquidity was poor. But he is young. He can get a real job, slaving away for some boss (from a Dutch word meaning "master"), until he has saved up some more risk capital, a poorer but...

I will explain my views on the holy grail of trading, but I think my view of things will be better understood if I first point out certain parallels between trading and chess (aside from the fact that both depend on some combination of pattern recognition and exact calculation). Beginning chess...

I know this thread is a couple of weeks old, but for anyone who is interested, I feel fairly confident that I have uncovered the true identity of "cityboy12." If not, then I have stumbled across someone whose place of origin, life experiences and expressed opinions are parallel those of...