Search results

From messing around in Tradestation years ago, the target will guarantee a slow increase in equity curve, assuming your entry is halfway decent. Stops do the opposite. In any case, a simple trend following exit was much better than a pure stop. This was on a volatility breakout trend...

Because the market is only there to inflict MAXIMUM PAIN When the herd begins to believe in correlations, they reverse!

I'll invert this question in the spirit of the late great Charles Munger. The most useful indicator is obviously your p/l. The inverse of this is that of the biggest losers. Currently it is buyers of groceries, and holders of ev stocks that were hot a few years ago. Another useful indicator...

Definitely the entry, because you can't win if you don't bet! Definitely the exit, because you can't bet if you don't have any chips! In both cases, risk management is The Answer......

I am my own biggest risk. By expecting to fail, I induce it by focusing on its possibility, not the main trend which fuels the life-changing phat tailz that take you from $100 to the stratosphere, if you only have faith! To quote "old turkey" - it's a bull market, you know.....

It's obvious the money has to come from somewhere, so just find the biggest loser and take the other side. For example, the current federal deficit is inducing a yuuuuuge monetization binge through peripheral actors, to try to hide it, but the ownership of a few major companies is clearly being...

I'm going to assume you're sincere and not just another AI elicitation algo. For the sake of the thought experiment you brought up - what do you do with your life if you no longer need money? The garden of eden was such a place, and all they had to do was just tend the garden and listen to...

A "tail" is slang nerd speak for a huge outlying event, completely away from the bell curve, on the phat tail that can extend to insolvency for anyone betting the farm on mean reversion by averaging down. They tend to make the hair stand up, and there is the cat picture to give you another...

I actually have this same problem. The only way I can trade profitably is if I get out, completely into cash for several dayz after a winning trade. Losing trades don't torture me like being in the money. If I was the famous Ed Seykota, I'd ask myself "so, you will only stay in a trade when...

Not exactly, because of my inferior psychology. I usually buy flags at the end of a momo divergence, especially if they're nested on two or more timeframes. APP was the latest. Woke up to a nice surprise. Speaking of, NeVer going Down Again just blasted after earnings. That's what we call a...

There was an old trader in here who quit posting years ago, but he knew The Obvious. Those failed breakouts were his clue to "snack on a retail trader", as he put it. :D

The late Charles Munger (partner of Warren Buffet), has said many times "invert, invert, invert" when attempting to solve a mystery. He also said he was not well liked by many people because he was always pointing out the contradictions and flaws in their explanations. When evaluating an...

Life is a huge blessing, moreso with a harmonous family and / or spouse. I'm sure I already expressed my opinion enough here. Just wanted to let you know we all feel this too. Worst kind of loss. :(

Thank you for sharing your insights. :)

That was cattle futures, which has been screaming lately. Check out the move out of the base on DWAC recently. Another case when the rocket motor went off, and you just get in when you can!

Risk management with stops is the public policy, but is there another way? One famous trend follower mentioned he only bought when others began to think about selling, above the market where the momentum would be greatest for the lowest risk..... I wonder what he was referring to?

There is a hidden enemy in some of us, in our subconscious minds, goading us into giving our money away for no good reason. Some of us get married, some buy hot cars or planes, some give to questionable charities or join cults that take their ten percent, and some of us use fundamental...

I still use EW and it's about the only kind of TA that works for me on longer time frames, aside from defining the main trend and its pullbacks. To easily see the impulse waves that offer the best odds, look for the horizontal supports along a trend. And I'm still here, 9 years after my other...

Big thanks again to Savoir and Long. You both inadvertantly removed a huge stumbling block I had. Four figure day today (which is a lot, for an engineer). :D

Bugs and worms are excellent chicken feed. That ghoul at the WEF trying to get us to accept the idea of eating insects is not a farmer (obviously)