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Hi JSOP - you arte right about indicators re-drawing. e.g. my Sharescope programme prints (EOD, not real-time) forex charts at 1730 UK time (based on 1630, London market close), then 2200 (based on NY close), then appr. 0600/0700 (I assume this is based on midnight price data). Obviously charts...

How about trading the market itself using an index ETF or suchlike?

The clever part is knowing when to get out.

There's something distinctly wrong when your last remaining trade in week 50 represents the difference between a profitable year and a flat year. Without knowing more its impossible to be more specific.

No trader should have still been long on Black Monday 1987, nor through the worst days of the 1929 crash.

Its healthy that we do not blindly accept all the "common knowledge" about such historical events - past events can only offer a guide to the future, not a precise agenda, but at least we should have an accurate picture of what are past events and what are urban myths. e.g. The very word...

Holding the market might work financially in the long run if you can't short it going down, but a) how long is the long run?, and anyway b) holding would prevent me shorting it, and my aim is to be long when price is rising, and short when its falling - making money both trips.

Sensible writing from an old hand, thanks Chuck. We all need a plan for when the uptrend ends. Mine is to get out of all stock index and equity longs if the Dow either - a) closes below the 50EMA or b) the 20EMA crosses below the 50EMA These two complementary rules would have got a trader into...

I do make all my positions equal-sized, but I pyramid the winners after they start showing good profits. As pyramid trades are added, the r:r becomes increasingly asymmetrical in my favour.

Amazing how many wealthy people can't manage a bank account.

Black Monday 1987, 19th October. This was the worst one day fall in the Dow's value that I've heard of, and certainly the worst since 1900, showing a fall of 22.6%. However, this didn't come out of the blue, it came out of a bear market. In fact, after making a then all-time high of 2764.8 on...

Yes, a one-day crash could come out of the blue. Maybe the risks of that happening are higher now than in 1900. so having no strategy is not an option. What I'm saying is that my strategy has been frequently right. As for the distinction between crash and bear market, you were the one who...

They might well hate them, but as they're not making any concerted efforts in this direction, I assume its just not important enough to justify the bother.

I don't ever hedge anything, so I've no practical experience doing this. So, are you saying you always carry a long put alongside your long equity positions, just in case there's a crash without a warning signal?

There don't seem to be any good reasons yet emerging why any strong supra-national action is needed on crypto-currencies. If they work, governments will bring them under regulatory control. If they don't work, people (and smaller nation governments) will be driven back to the mainstream finance...

You're over-stating the risk of a crash by not being clear what a crash is. There have been 5 days since 1900 when the Dow dropped more than 10% in 1 day. 19/10/1987: -22.6% (Black Monday) 14/12/1914: -20.5% 28/10/1929: -13.5% 29/10/1929: -11.7% 05/10/1931: -10.7% Every one of these would have...

That is correct - at least up to a certain point in time as these things are just developing they look very similar. But what's more important is what to do about these things. How would you deal with one of the crashes you mention differently from one of the bear markets you mention?

I don't see the value in making distinctions between crashes and bear markets, since they both look the same when a real-time decision is called for - hold or sell. Either way, the worst of both would have been avoided or siginificantly mitigated by selling equities if either - a) Dow closes...

Whose open interests are we looking at? And who says they're smart?

Does the TA show where to put a stop? If yes, buy: if no, wait.