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TA is junk to me. I am not a TA trader. I do not know how many of you know how human brain works. human brain likes to generalize/theoretize (try to rearrage it, seek regularity....), the good part is it stores more information, the bad part is it loss chunk of information, maybe critical...

I would say "more money has been lost predicting a bottom". most people buy dips, they have illusion: lowered price is safer. they buy 650, thought that is lower than 705, and added again at 631, 631< 650. if it printed 600, they will buy again, since 600<631. if it prints 530, they...

will go through 623 tomorrow. bought some 625/630puts when it hits 647ish, and some QQQ 67/66.5 puts, the resistance. AAPL is rotten. sell high and buy low. the daily chart is ungly, today's volume seems low. when it hits 623, interesting thing to watch.

look a bit far, not just look at leaves, then you will not see forest trading is an intelligent game, do not fool yourself into wall street illusion/traps stop loss will make you think: you trade professionally, in reality you give up your money consistently stop loss will make you feel...

Never use STOP LOSS. stop loss drift your focus away. winners win to fight losers fight to lose NEVER use MARGIN/LEVERAGE. Margin is bucket shop. give up your own right to control is stupid, success is in your own hand

over valued. bubble even unimployment is 5, the market will still drop. why, bubbles everywhere, too hot, inflation everyehere.. FOMC will hike rates.

like to boast when winning, bceome overconfident and greedy hide when losing, become coward and risk aversive

my 640/630 puts seems printed 5/6 fold gain. I just unloaded some, and get to the bank, ding ding, hard work paid off. bought some 585/600 puts. I doubt whether 600 hold or not this week. I kind of think the bottom is at 530~540 (temperary), after earning, AAPL may drop to 400ish. bought...

the fact is: whether you take care of profit or not, there is three possibles: 1. the market will not give you profit any more, stuck there 2. the market will keep giving you more profit 3.the market will rudely reverse and take away your profit, and if you do not take action, take away...

the secrets of trading is talk is cheap. profit will not take care of itself. if the guy who bought NFLX at 100, it ran up to 300+, he did not take profit, and let it slide to 50. loss will not take care of itself too. if another guy bought NFLX at new low at 45 (NFLX to the above guy a...

recently I have a bad trade of STX (sveral weeks ago). STX is in nice trend up, then pullback to 50days EMA, in an uptrend, it should bounce (mm, should, market should? or I should?), I bought some calls of 31.5. it did not go there that week, the next week it did. that trade is against my...

it is. if you ignore the divergence. some people just buy on the 50days EMA , and use several months high 648 as support. of course technical analysis is just bullshit. stand in different angle, you get opposite results. Christmas is coming, people may see apple products as a good gift, who...

bought some 640/630 puts. No.1 I saw MCAD divergence signal. this is pretty reliable to find top. the chart No.2 640~650 is a critical price, that is former high (several months ago). from uptrending view, those are support. but when I look at the volume, I start to realize those...

mine is I often drift away from my plan, maybe for the sake of get rid of boring, maybe for the sake of avoid resposbility, maybe just evil rebelling mind.... what is yours, and your solution?

the "should" is the most costy. I am a trend follower. often I see everything trending. in reality, 70% does not trend. easily buy top and sell bottom. but to a contrary trader, easily sell breakout and buy breakdown, since they thought new high is resistence, and new low is bottom. what I...

what are yours rules? what do you mean consistency? follow your rules? or judge the market consistently based on your criteria? people always think they can do it consistently, but their understanding to consistency is vague! market has lots of angles or faces, which side would you...

if you can not judge by yourself, you will not go far in this game. .........................jessive livemore

bought some FB yesterday closing, noticed it jumped in AH, bought more at the closing today, made the best trade this week. bought 21 0.05 ~0.2. FB seems attractive to bottom pickers. just luck. when the trend is well defined, play the contrary, not the obvious. that works. initially...

most people put money in the focus. that is misleading. every trade is unique, some produce unexpected good returns. some may be just sctrach. some are plain vanialla losers when you get in. we traders are like sales agent. sometimes, we may make a lot, far more than our living expense...

your plan should not be money oriented. take my trading as an example 1. I trade 10% of my account per position, not all in. I always give myself 10 times of chances to survive and grow. 2. I follow Jessie Livemore's trading principles to trade 3. I trade just options using the...