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Point taken, and my comment was about the book, not the trader. He's got nothing on Hillary!

Slight loss this morning, everything still in up trends, holding. DE is the one strong stock and I might add to it soon. The main psychological tempation now is to close out positions that are not going up. I tend to get out way too early on small retracements.

Yes it's a very brief book with about four chapters that he wrote, and another few that were added by a later author. Three main points are 1. risk management 2. the pivot 3. when a stock is acting right (going up, of course) Follow on topics are follow the leaders, don't take tips, the...

Livermore actually wrote a book that was very helpful for me. He wrote it in the 40s and the concepts still work. And yes I made money followng his advice, but I lost it later being careless and not obeying the trend of the market. Kept trying to buy the dip after the party was over. :(

Sure, a 401k my employer had been contributing to which I ignored all thru the bullish blast of 2020. Tripled my money, but I would have cut it short very early if I had paid any attention to it. :) Also, a low end house I bought at the bottom of the market and recently sold for 4x the price...

Either Nancy Pelosi or Hilliary Clinton. Didn't she turn $10k into like $3mil in cotton futures?

But only long options expire!

1. Divergence on Macd, stochastics & money flow 2. SMA5 crossed SMA20 upward ("The Original" trend following system) 3. Price about to impale upper BB 4. And my personal favorite, first flag after the reversal has now explode to the upside! 5. Huge volume with no further price...

Glorious old school buy signal (SPY):

Especially today, if you were heavy inverses (risk management is The Answer)

Good call. You're a little above 50/50 at this point, plenty good enough to trade if you cut losses and let winnerz run. :D

Starting to get some fruit on the vine, hoping to start adding some real size if this keeps up next week. There is a point where I get numb to daily fluctuations, at about 10x this level. :D

We're due for a good bear rally, if 2008 is any guide. It approached the red line twice and got some air on the second bounce.

Epic timing on the OP, almost like a magazine cover!

Bull flag still in effect, acting normal for its type. Positions in the green on balance but UCO is the lagger, and not technically in an up trend. It's more of a fundamental position in anticipation of Brandon refilling the tanks in a few weeks.

It also depends on which price will create MAXIMUM PAIN!

Added 30 UCO right before leaving this morning. Total closed profit so far: 393.57 Bull case still alive but the flags are all there is so far, no takeoff. Got tons of work done today. Met a retired airline pilot with a lot of stories and another guy who built like 4 airplanes. There is a...

Nice little bump at the open, bull case still alive, +10 UAN. Open P/L still not too crazy, no psychological challenges yet :D Going to spend the day wrenching on a plane, which is basically what I will be doing all the time if I ever master this trading game!

The only TA technique that ever correlated with me having a green year in short term trading was elliot wave for the entry, specifically entering at the end of wave 2. Latest price action really puzzled me yesterday but I think I see what is unfolding. The wave count points to a running...

Inflation comes in two forms - "cost push" and "demand pull". The first type is when scarcity causes costs to go up, due to shortages (bad crops, less oil coming out of the ground, loss of productivity from brain drain, boomers retiring). This was the main cause of the 70s inflation and it...