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The above is only true if one takes small profits, and attempts to ride out losses. This is a losing strategy: in the end, a few large losses outweigh many small gains.

I do not know how much GM is paying their grease monkeys, but its bankrupt spinoff Delphi - $65/hr... The only way the GM stock price can get out of a death spiral is for the UAW to become reasonable. They will not. Instead, the greedy bastards will bleed GM dry, and dump its pension and...

I am shocked: I did not realize Brazil had a currency.

They can demand anything they want to, but if they aspire to sell their shit to America, they will have to accept the greenback in lieu of payment. Period. Once foreigners acquire american dollars, they have no choice but to either invest in America, or buy US-made goods and services...

That is because most of the time random fluctuations dwarf the underlying trend.

Swing trading in the direction of a trend: a systematic entry, and a somewhat discretionary exit. Not a single losing trade this year!

Your journal is too funny. I love the part where you draw conclusions based on characteristics of a system traded for 2 months. :D

Savvy? People who pay ~20% on their credit card balances are either desperate, or completely irresponsible, or just plain nuts.

The only way to beat the stock market is to exploit its inefficiences. That is, one must stay out of the market most of the time, and employ leverage wheenever an opportunity arises. Most funds may not use leverage and, therefore, must stay almost 100% invested. Not suprisingly, the funds'...

Too many bears, I guess.

I think you are blowing hot air: "quantitative methods" do not mix well with "investing and trading philosophy".

Wishful thinking of a political hack.

The question is not whether UAW is going to run GM into the ground, the question is when.

The PPT may interfere in the markets in an attempt to prevent the repeat of the Black Monday pattern. If so, my bet is that they are going to do it tomorrow or, less likely, on Monday.

Intra-day candlesticks are mostly meaningless.

Hear, hear! I went long at the close indicating that, in all likelihood, the market will close higher tomorrow. :cool:

The answer is: one monitor - to keep a watchful eye on porno sites.

If one down day is a dip to be bought, two such days in a row conjures images of blood running on the street, then three down days in succession must be the long-awaited Rapture. :D areyoukidding?, thanks for the tip! If the market gaps down tomorrow at the open, I am going to be a buyer.

The market is down ~1%, and already some people, stricken with fear of missing a rally, are itching to buy. :p If today was indeed a key reversal day, the market must be near a top, not a bottom.

Because the market originally discounted a devastating Cat 5 storm that did not materialize, there bound to be a bounce. The extent of the bounce will depend on other near-term news events, most notably - earnings warnings.