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TopHat, are you selling something? because if you are then just come right out and offer it up. Because it sure looks like you are trying to make sense of the market and have people think you understand them. But then again... Maybe you should learn a few things from those of us that do not try...

... Look there a new all-time high just made. Proved wrong twice in one day

LOL.... so shouldn't you have made a thread "We will TOP on Monday 11-21"?.... not we HAVE Topped! I made my call on Friday too.... just being proved correct today. YOU posted "LMAO...blah blah blah" and gave some nonsense about not knowing how markets work and other stuff. We can all...

Look there...... within a WHISPER of the all time high. I guess he was wrong. TopHat, remember you said we have "topped"....past tense. So please don't come on here and change your tune saying we are topping. No excuses. When I am wrong I admit it, get out of the trade and move on.

You didn't really answer the question.... if the top is in you should be willing to make money in the market as well as on a side bet here. What do you say at $1/point on the S&P from Friday's close. Every point UP between now and end of February 2017 you pay $1/point. Every point DOWN between...

Maybe TopHat should put some skin in the game. We should make a bet. My bet is this is still a bull market. We will see 1-3 months from now where we stand. I am trading accordingly

Trade what you believe.... put some money I to it and see how you do. I personally have a bullish stance. So obviously I disagree with you. we will likely see new highs before we see break of recent support. This rally has been on larger volume, and included the small caps, Financials, and...

I tend to pick stop losses that I know based on back testing that are <10% chance of being hit. If they are hit then it proves I am wrong in >90% of cases. If my trade direction was right then my entry signal would show up again and I can renter trade. But that happens rarely. I only risk...

No Problem.

I will just make one observation about this being the "BIG one." I highly doubt it for several reasons just looking at the charts like the one I posted earlier. In addition, I will mention that I own a discretionary retail/services type of business. (Please done ask what business,...I dont...

I was just preparing a similar chart. Weekly chart of S&P going back to October 2009. Up trend is still well intact. Maybe a correction. How deep or strong remains to be seen. But total collapse I just don't see it. Trade what you see folks.

I agree with both concepts above. I think a certain amount of time will often cause the chart/price to change in such a way that the ENTRY signal is no longer there. If you enter on a signal and the signal disappears you should bail. But sometimes you enter and the signal is still valid and...

Hi, I appreciate you are new to trading and the forum. What the other posts above are trying to tell you is that YES You should stop trading. You are just guessing what will happen and have no laid out plan to go about trading. What Handle123 and Xela are trying to say is that you ask a...

I know. That guy was such a jerk. He needed to go. It's one thing that he acted as if he is the greatest trader with all the secrets and that he had forgotten more secrets than anyone would ever know but it's another to constantly insult and belittle people with name calling. I don't mind people...

Again, not arguing with you. You sound like my 12 year old.....on and on and on when you dont get what you want. I am neither arrogant nor unconfident in my view. It is backtested and thoroughly sound. I trade with hundreds of thousands of dollars and do this for profit. I never said I dont...

Its the tone in which you speak that comes off like you are starting something. I am not here to argue. All of my posts here have been to be constructive to a newbie trader which obviously the OP is. As I said earlier I do not always set stops as in an brokerage order but I do have a mental...

Like I said I am not getting into a pissing contest with you. I am by no means an amateur or unprofitable trader trading/blowing up a $5000 account. So to each his own. You do your thing and I'll do mine. Everyone needs to figure out what works for them. For a newbie they should use stops in my...

Agreed but I am just pointing out that education is better than none in my opinion even if it does not tell the entire story. There is an art to most fields as in trading but I suspect those that made it alone just by watching charts are few and far between. Even those that think books are not...

Lol. A doctor I know walked into a room and smelled Chlamydia from the doorway. He said he ordered the junior doctor to get a culture and never even examined the patient. But I don't know if I want that talent.

I don't know about you guys but I would say that my higher education strongly influenced the way I trade and develop a system. Where I was educated we were encouraged to THINK logically about what was happening and there was emphasis on having a hypothesis and testing it and then evaluating it...