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It's a well known fact that very novice traders have a written trading plan. Every published study of day traders shows they make the same types of mistakes as the causal trader/investor does and the vast majority lacked having any sort of trading plan let alone understand risk mgmt...

Although I agree with the potential double top - which requires a closing of 3% below the reaction low at around 9000. There is a bigger potential 2T - see chart. The last time a 2T on the transports confirmed the Dow had just hit a new all time high (2015) - from that point it plunged nearly...

If I go into a live market without a clear cut plan in advance I will behave like I am in a casino - having a few big winners, and a lot of losers making me net negative over the long run. I will selectively boast about my winners and supress the losers - thinking I am doing well - until I go...

If your swing trading than news driven moves are more suspect of failing since the uninformed mob trades off of news and is driving the move, while the smart money is usually selling into this. There are some news exceptions like earnings that can break a stock out of a pattern on big volume...

90 - 95% of all quotes are spoofed by HFT's - you can no longer trade based on the level-2. Pre HFT you could use L2 to get a bit of an edge, but even than the the big market makers like Goldman were pretty good at creating all kinds of fake moves to lure in day traders before 'dropping the...

Comagnum...do you have more of an edge than just the risk management aspect? ____________________________________________________________________________ Yea, I have my share of edges. But the edges in and by themselves are of little value without a strong defense - which is risk mgmt. "And...

yea, it was odd how broad the selling across all the futures markets last night - you just don't see that very often.

The last time we had such a low reading of up volume was on 10-11-16.

Immigrants already have to go a very extensive background check before entering the country. The statistics speak for themselves. A federal judge in New York, has ordered a halt to deportations of travelers who arrived at airports with valid visas to enter the U.S. This issue will be going to...

Does it really do any good this immigration ban? Just food 4 thought.

When I quit my job to trade nobody could have talked me out of it. I lasted for 6 years. The irony of it is my best years of profits were had when I was still working full time. The compounding factor, not having the performance pressure, and trading costs are probably why. Keeping the job while...

Yea... The ETF RSX is very liquid and has been in a powerful up trend which appears to be making big upward moves in unison with Trumps win and installation of Tillerson, the former Exxon CEO as secretary of the state and one person that has more ties to Putin than any business person in the...

AI is here and HFTs are using it to record & analyze your trading in order for them to take your money when ever you are day trading. "At a poker table if you cant spot the sucker... than you're probably it" _______________________________________________________________ "the best HFTs have an...

IB quotes - are not in real-time meaning tick by tick. Instead they are 0.2-0.3 second snapshots. Ever notice that they don't have tick charts? There are much better data feeds out there if the speed matters to you. IB is great at filling orders fast and cheap - but their data feed and...

I would only recommend trading for a living on money you have already from investing & trading while at your job. You can swing or position trade as a hobby while having a full time job. The only number that matters is how much trading capital you have and how much a year you need to live on. I...

Yea - I was thinking the same thing this morning - where have all the stock traders gone? They don't know that they are missing out on. I for one like to trade stocks - so there.. I said it! Futures & Forex, yea I trade those also - But my biggest gains to date have been through stock trading.

Time to maybe go long on coal, oil, and gas masks for the DPL protestors.

The doomsday clock has been set closer to midnight - this just happened and may explain why the rich are bracing for impact. "The Chicago-based Bulletin of Atomic Scientists has moved the “Doomsday Clock,” a symbolic countdown to the end of the world, to two and a half minutes to midnight. It...

Congress is against you on this! CIVIL LIBERTIES ACT OF1988 Enacted by the United States Congress August 10, 1988 “The Congress recognizes that, as described in the Commission on Wartime Relocation and Internment of Civilians, a grave injustice was done to both citizens and permanent...

That last VANZANDT post was over the top by glorifying the darkest & deepest wounds in our country's history- talk about racism! "Those interment camps in CA were like Trump Tower"