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Could you elaborate? Which part of trading requires IQ? How exactly does it help? I'll give my take but i would like to know what you mean.

Nope. Why would it be. Do you wish for a recession?

I guess the market knows something we don't.

Didn't really listen, but i was just thinking the other day how being smart doesn't help you at all. Everybody is smart these days. Traditional education provides little to ZERO EDGE. (at the same time, it's still the most proven path to success). Think about how much time you've spent in...

To me it seems like the FED is doing a fantastic job. Their goal is to keep the economy stable and they provided the needed liquidity in the time of crisis. If we all expect a recession, it probably isn't coming any time soon.. If i had to guess, i would say that a second wave of Corona will...

Probably one of the best talks i've seen so far, but barely has a 1000 views.. Only listened thru the half so far but very nice

One of my first ever trades i lost 10k$ while taking a shit.

So yeah... Do you think the world is going into a recession within the next 3 years? Vote in the poll.

If you want confidence in the system, you need to back-test. Without the confidence your psyche will break after an inevitable string of losers and you will not be able to execute properly. And without consistent execution, there will be no consistent results.

How did it backfire? The markets crashed 40%, people were running for the hills afraid for their lives.

Run a back test to see if the strategy works historically or not. We can't help you with that. Strategy can be that simple, but it doesn't mean that execution will be. On the other hand you want to put in the bare minimum effort and harvest 20% annually. Yeah, good luck with that. You might...

Funny thing is , most of the strategies that those gurus promote are to short penny stocks. No surprise everything is popping up like crazy.

That's the thing.. Emotions defy logic. New "traders"(gamblers) don't know what they are doing, the only thing they have are their primal instincts with a brain conditioned to instant gratification.

You can make a lot of money selling the courses and there is little to no downside cost. If you can market yourself and make easy money, seems like a no-brainer to me. Suckers just keep piling in, looking for a get rich quick recipe. It's always worked and probably always will. Education is a...

Very good interview. Great value for all new&struggling traders. He is giving you the recipe for success in trading. Now put in the hours.

"If you just accept the probabilities, then that diminishes fear." -Elon Musk

The universe doesn't give a sh*t about you getting stopped out at the bottom. You are just another sucker. But go on, continue to feel sorry for yourself and continue burning your money. I could also tell you some logic behind the situation, but won't post here, only thru DM.

What's the difference between SMA and regular moving average? Edit: Does S mean Simple? I thought it was Smoothed moving average or sth.. I am using 200 period moving average and i find it very useful. I also have 20 period and 100 period on the charts, but i must say i haven't found much use...

It just goes to show how useless calling/forecasting is(exception being if you trade options)... Just trade what's there and you'll catch those moves, while everyone is either bullish or bearish, you just take the advantage of the both sides getting fucked. Neutral approach, being flexible is...

My reasons would be that only 2 months ago, the world looked as if it was going to collapse, if you mentioned LONG, you would be laughed at and now we are almost at record highs, as if nothing happened at all. Volatility has settled down. "Back to normal" phase, "waiting for the next rally"...