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Today, Biotech stocks and LABU rebounded nicely, but it is still bear. Just get out as fast as you can. CM

I wish I was Carl Icahn ! He is a smart investor. You can send me some egg on my face! In finance, do you think you become billionaire thanks to luck? By the way, I don't think we will see the bottom right now, no way! Too early my friend. CM

Why? The game is to make money, with up or down markets, not to be right or wrong. CM

Yes, as everyone who owns Biotech stocks. In your dreams. But this is panic. So why do you want to wait a rally that could come too late? Even a great trader as Druckenmiller was dead long at the opening of the 19th of October 1987. And he shorted as hell despite a -4% gap down. Shorting now is...

Normally, I would agree. But we are not any more in a normal market. + / - 3 standard deviation. bollinger band are widening. volumes are spiking. last support broke. There is a panic. So you better get out if you are square (or not), and short as fast as you can. CM

Suicidal tendencies. Volumes were enormous during Friday's drop. Maybe there is a reason? Maybe insiders know ? CM

Ok, let s give a concrete example of a "basic" technical analysis. This morning, I looked at SXAP which is Stoxx 600 Automobiles & Parts. Everyone heard about VW's fall (-63%), and sector is already down -35%. With a "basic" RSI graph, you can notice a positive divergence between price and RSI...

Why ? Because humans are subjective and show cognitive biases. Irrationality, Greed and Fear. It s all about psychology. CM

Ok, I am not an expert but more and more people (retail) are trading with order books, and their information are closed to the one available in banks. So even this "edge" is not a real one any more. CM

Ahah are you serious? I work in a large bank, as lot of colleagues and friends. Of course we don't have access to "special" information. Some hedge funds yes but banks and institutions no way. For example, do you think banks and institutions knew about Volkswagen ? Nope. Only insiders. Or about...

m22au, again you think about macro and fundamentals and forget about market action and money management. For example, you love to short SID, right? Good short below USD 0.97 ? Sadly, stock is already at 1.26. A "little" +81% rebound from the lows. Lot of people got broke with good short...

Stop trolling this interesting post. CM

True, if you know : 1 how to jump in a new trend 2 how to pyramid. Alas, majority does the opposite, waiting too long before entering and investing heavily at the end of the trend. So trend-following is always detrimental for the majority, and is smart-betting for few people. CM

This is incorrect. I think you confound Marc Faber with Jim Rogers. Marc Faber took some profits in 2012 with his gold exposure (not gold mining), and add some during the last two years. He got zero mining stocks during the last years. CM

You mean Chartism ? Chartism is part of Technical Analysis. You can use only TA indicators for example (RSI, MACD) without chartism. Chartism is about graphical patterns, and yes it works. Peter Brandt made a fortune only with chartism. http://www.peterlbrandt.com/ All other authors i quoted...

Because his personal life ruined his trading life. As far as I can remember, he went off the rails when his second wife shot one of his son, Jesse Livermore Junior. Moreover, Jesse Livermore Junior was several times in jail... If you want more details : Jesse Livermore: World's Greatest Stock...

"Just". Funny. "Just" USD 5 billions loss and "just" a leverage of USD1200 billions. Ok, if they earned USD 1 000 000 with their book, that would be a good result. We are not talking about Nassim Taleb or Thomas Piketty. Be serious. Ok, some writers : Stan Weinstein Marty Schwarz Larry...

Nope, this is not your IQ that makes you a rich trader. If that was the case, LTCM's genitors would be billionaire. There is a big difference between theory and practice. For example, everyone knows you must buy low and sell high (theory), majority does the opposite (practice). Why? Because you...

Of course, he played like in a casino during 2 years, won, and after that nothing? He is a gambler, not a trader. Same for Paulson, who gambled during subprime crisis. After that, nothing. Why? Because that was pure luck for both. It is easy to make fast money when you leverage like hell. Even...

Here is an interview of David Ryan and Mark Minervini. 2 top traders for the price of 1 http://www.newtraderu.com/2014/07/16/my-interview-with-two-market-wizards-mark-minervini-david-ryan/ CM