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I'm not a bear, but the whipping up and down action is typically seen in bear market rallies. Some of the most violent up moves are temporary.

Nope. I don't even hang with the HNW crowd, believe it or not!

It certainly helps the market makers if things gyrate for a while and retrace a big move.

You actually cut losses? It's not happy: *edit- Just looked at your other choices. Both trending down. I understand there are many ways to win, but as a momo trader I'm scratching my head. No disrespect intended, from one EW practitioner to another: friends don't let friendz buy down...

I don't have a journal anymore for this reason. How hard would it be if someone saw some of your political posts and then your trades, and just happened to be running a big enough government fund to do just that? You're definitely at a disadvantage, showing your cards in real time...

You might be surprised how your brain can finally flip on when you've got no other choice than to succeed. Burning the bridge is a real thing, and can provide real results, but not if you're on the fence!

That crude trade is a classic Scatty short. Obvious resistance zone. Could it really be that easy?

May as well own up to my losses. The last three were lead balloons and liquidated in anger. Shouldn't have loaded up longs when the market was drooping, especially since tech stocks are no longer leading. Times like this, as a swing trader I remind myself that one good winner can make the...

Based on the Utube testimonials, it's either really bad or really good. And no one is concerned about their account balance at that point!

We operate under an additional constraint, typical of any profession: There are loss limits and we consider paper losses to be real losses. All businesses run on cash flow. Opportunity Cost is also reflected as the time value of money, since most businesses borrow a little for day to...

Ken is very good at getting out in time, then telling us about it. After he is happily in Vegas again it's time to get back in the pool!

You better be right, because I'm tempted to go all in with MAXIMUM LEVERAGE!

Another angle is the need to learn to do it in the first place. It's so easy to hope the market will let you out of a losing situation if you just stay put and KEEP BUYING!

You can just cut losses, and try and find a stock that is going up, to buy with your remaining fundz.

Advice to noobs: cut your losses and let winners run. If you can do this, you may have a chance.

I'm only happy when it's raining money. You know what makes me even happier? Piles and piles of money. Ooodles and noodles of dough. Like a bank vault full of benjamins. Can you visualize it?

I've been cutting losses too. Such a relief! Baron was right, again.

Midpoint marker spotted. Grats Ken, and thanks for sharing!

SPCE, another stock putting in the Penny Stock Pattern:

There is always a bull market somewhere. I wish I had bought 100 residential water tanks over the past couple years. They've more than doubled in value! Then there's the price of steaks. That market is so hot I've actually become somewhat of a producer myself. :)