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Well, imagine all the money you could make with a stock that would go down rather than up! Today, MCD at the opening : 109 dollars expected, new new historical highs. CM

Ahah I remember, this story was funny (and ridiculous) too ! Always the same, 80's stereotypes : young people loving party, alcools & drugs, big cars, easy money... But best traders are not "hype", actually they are boring people repeating same and same routines and habits. Waiting for the next...

Observe, make scenarios and plans, write them, understand why you were wrong, observe, make scenarios and plans, reread old and read new ones, understand why you were wrong... It takes years, lot of work, self-criticism and patience. At a moment, you will begin to see and understand what others...

If you want to make money, you need to take calculated risks. Biotech was a strong sector during 6 years, but since July, Biotech is in a bear market. You want to short weakest stocks in a weak sector. Not a strong stock like MCD in a solid sector (consumer discretionary). So I prefer to short...

What are you talking about? Bad guys? 40 dma? There are no bad guys. Only people, winners and losers. 40 dma ? Who cares? BABA was ST Bull, it is again Bear because main trend is BEAR. So expect at least a 50% retracement : back to 65 dollars, maybe 60, maybe new lows?? And buy again lower...

Did you buy some? Nope. Did everyone buy out of money puts ? Of course not. So it will happen. Some smarts players patiently wait for the crash and they don't want that everyone knows it. Same story with subprimes. CM

Nope, for the same reason as when the post was created. You want to short weak stocks, not defensive stocks with small drawdowns and moreover making new highs. Shorting MCD was a bad idea, is a bad idea, will be a bad idea. You got tons of good short candidates, cf biotech. CM

Same problem for a majority of fundamentalists : timing. Of course, they will be right. One day. But being right 1 year, 1 month or sometimes even 1 day too early and you can go broke fast. Except if you already got some billion in your bank account, and you will wait or average down. But...

Day traders? I think you confound with scalpers. Day trading is existing for decades. 30 years ago, you paid at least 1% in 1% out, even much more. HFT traders? Good news. Let s get these thieves out of business. CM

Again, "Technical Analysis doesn't work." +21% in 2 weeks is "ugly" performance. For people who follow my advices, take profits, and wait a retracement (50%?) to jump again in the train. CM

It worked 2 weeks ago, maybe it could work again? Thanks to total luck of course because as you assume, "TA doesn't work". CM

Updated graph for SXAP, with new target for the coming month (-15%/-20%?) CM

Well, posted 2 weeks ago. +13% since then. And I am again short today. Thx to TA. TA helps you to make scenarios and to trade with high return / low risk. CM

Yes, keep it simple and you'll make money in the markets. And Biotech will fall deeply because there will be more and more sellers than buyers. But evidence is not that evident. Herd just doesn't want to hear it. CM

Man, Biotech bubble will burst, for any reason. Hillary, Obama, Yellen, Soros, the Pope? Who cares. These are nice stories for the herd. But reality is that there are more sellers than buyers. Period. CM

Of course it is a bubble. When everyone wants to buy whatever it costs, it is called bubble. Remember, Nasdaq Biotech increased +520% in 6 years. We don't speak about a stock, we speak about a sector. Only Nasdaq composite showed better returns (+600% between 1994 and 2000). And everyone knows...

Using physical stops is giving free money to the market, especially with options. Use mental stops and be disciplined. CM

1. How old are you? 40 2. How often do you trade on average? Daily, on average 3/4 trades every day. 3. How long have you been trading? 8 years, more than 10 years as an investor. 4. How were you introduced to online trading? By watching on-line videos and reading finance books. 5. What...

Who knows? It should go really really low, because Biotech is a bubble. So when it bursts, don't expect a -20% correction and a happy ending. No way. Technically, if we look at the Nasdaq Biotechnology weekly chart, first target could be the support zone [2300 / 2600]. Expect a strong rebound...

I reactivate this old post... Maybe BABA could be a BUY @ 57/58. I say "could", because BABA is still in bear market. It seems BABA is forming a double bottom. Moreover, we got a positive divergence with RSI. If : 1 57 dollars holds and 2 price breaks resistance line (in red) Then BABA...