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The Dow election rally climbed 4,000 points in 7 days, sure even a moderate correction could take out 4k points - or 7 days of gains.

Tomorrow's headline? Rotor Rotor proposes a 20% tax on banks that do not give hassle free loans to small business start ups, no matter how much risk they perceive.

Since when do banks think it's their role to endorse a tax on wages? I would propose customers of this bank close their accts in revolt of this B.S.. I know some people that work at home after the pandemic & took some big pay cuts to be able to work from home.

Covid19 is the pin that pricked the Feds insane debt bubble only to see them inflate it to infinity.

The only time gold has rallied significantly is when the confidence in government declines. Gold as a store on wealth has faded over the decades & any significant rise in Gold has nothing to do with the supply of money.

I trade both stocks & futures when volatility is above avg, there are pros & cons to each. In general stocks are more forgiving, less shakeouts, more directional, more opportunities to trade the big winners or losers, & can have a far better reward-to-risk. The big boys/girls with good track...

Would you recommend using Sierra Chart with IB, are there any bugs? The SC tech support is always raving about how much IB sucks & suggesting customer's use another broker which has scared me away from trying this.

What has helped me the most - my 5 pointers learned over the years. * don't take any trades which were not planned out in advance & use a bracketed order with a stop loss & profit target. * do add on to winners if a lower risk entry can be found, never add to losers! * only take trades with a...

The "how do I get rich quick?" crowd is the absolute dumbest of the dumb $, the greedy, lazy, instant gratification mentality. The question you should be asking is how you will survive the long & brutal learning curve as an active trader when about 95% rinse out. Wiser aspiring traders trade...

Not sure if you were addressing that to me - just in case here is a short from Fri I am still in. If your not familiar with IB - the red triangle indicates a short position.

A 24 page thread for an acct not even half way to PDT, really? Those that typically make $1M inside of a year from a small acct held positions with a cost basis of at least $50k - risking it all in the right stock/option/commodity at the right time, catching a one-off trend. Luck played a...

Here is another podcast I stumbled across that had some surprisingly darn good interviews. https://www.youtube.com/channel/UC1TIEIuSjvsbOT8HjhUozMg

This is a scan from IB of the largest % losers with shares for shorting, not exactly a lack of opportunities.

Every day I know that no matter how patient I am & how much I scrutinize each trade I will be wrong approx 4-5 times out of ten & that a well placed stop less is the best trade there is. Your first loss is the best loss! I also know the best trades will run hard right out of the gate. On...

Amazing that a gambler like this actually has paying subscribers! No exit plan - piling onto a loser, it does not get any more novice than that. He claims he lost only 3% of his capital, if that was true he should not have gotten mentally wrecked from it.

The Japanese billionaire trader CIS is a champion level gamer - he credits some of his success to his gaming experience. https://www.japantimes.co.jp/news/2014/09/26/business/famed-bedroom-trader-reveals-his-wealth-secrets-as-he-guns-for-1-billion/

Source - NY Federal Reserve Feb, 2020 (see attached - great info!) For the sample 1998 - 2019, close-to-close returns averaged 4.4% p.a., close-to-open returns (overnight) averaged 2.7% p.a., and open-to-close (intraday) returns averaged 1.7% p.a.1 Zooming in, we show that almost 100% of the...

Got to keep some 'dry powder' when shorting stocks, had he any more cash he could have traded around his position & made a large gain. Freakin rookies! VVPR - puts in a two wave rally, both legs are approx the same size (yellow boxes). I would have been looking for the rally to turn at...

Volume is extremely important to me. Only volume precedes price, it's never the other way around.

Stimulus is dope to the masses, it's not $ for nothing - it's corp welfare paid for by us tax payers. Younger generation(s) get screwed the most by our massive debt bubble. The market participants are like Heroin addicts in withdrawal that will do anything to get a fix - they will destroy...