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I can relate :D While I don't think I'm either wise or admirable, my profitability greatly increased (and my drawdowns decreased) when I forced myself to 1) trade less (way less) and 2) hold winning positions for longer (even accounting for getting stopped out more). There's a movie called...

In April we had like a 6% correction (April down 4%) in ES, a bit larger in NQ. We are seeing lately some sharp corrections (20%-ish) in some leading tech stocks, but hey, after going parabolic for months. Up to a 5% correction, for me this continues to be a long-only environment, meaning, not...

Before we all panic, let's keep in mind today we're not even down 1% :D Positive week, positive month, positive year... We've been kind of spoilt lately

Up to you, of course, and I wish you well. I'd still try to get my money out asap.

If you don't already have a fan club, I'm starting out one soon :D As I said before, man, you're on a roll, congrats.

Work. Save. Trade your own money. Fuck'em props.

A draw, extra time, and 20 rounds of penalties... (so whoever wins they're tired for the final :sneaky:) Just kidding, let the best team win. Best trading to all

OK, congrats on a positive day. On a more important note: long the Netherlands or the UK? :D

One question (more for you than for me): if you had just held the long from this morning into the close, would you be better off?

It seems to me that, while there's still an upward bias, the market is in wait-and-see mode until tomorrow and Friday.

If I may ask: what level do your Bollinger bands say for buying every single tick lower than...? Edit: Powell talking, btw.

WTF? Me no comprende.

Yes, a blow-off top. I remember vividly that last daily green bar for oil at 147 in July 2008 - when I gave up shorting it - before it went down all the way to 32 in December... :banghead: Waiting for the same now in USDJPY :D

Thank you for the read, very interesting. That said, we must have understood completely the opposite, because he mentions that costs will not come down any time soon and that the bubble is likely to continue growing for a year or two.

Exactly. Do more of what works. Do less of what doesn't work (as a general statement, not addressed to anyone in particular).

Exactly! ;)

Et tu, Brute? :p Learn from Laissez Faire: Just kidding, best trading to all.

Thank you, Flash Crash. We're back to Friday's high. Gap fill, @Laissez Faire?

Congrats. May I ask you what's your rationale on entering/exiting trades?

This market seems unstoppable. I've been going long the last few months, but with smaller size than usual and getting all jumpy on any correction (although I'm usually jumpy anyway :D), so still in the positive, which is always good, but when I look at these charts I feel like an idiot for not...