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Huawei is not in bed with Iran. It may only have sold some equipment to Iran. Why do you have such low intelligence and comprehension ability? Talking about spying, the CIA spies on the whole world including US allies. Go read some facts instead of spewing BS here.

Sorry, you are misinformed on this one. The exact reason why the US is so afraid of Huawei is that Huawei is ahead in the new 5G and AI technology. Guess you cannot copy something from others if you are the best in the game.

I think Buffett said for most investors, i.e., ordinary people, buy and hold is their best strategy. The stock index return beats most fund managers, e.g., the hedge fund industry in the past 10 years. Obviously, he is not one of the mass. On the contrary, Buffett is an excellent deal maker...

Whatever the background is, all I see is green and red colors (candles) and both are my favorite colors.

My broker Schwab had the 3-day settlement of stocks until early this year they changed to 1-day settlement. Was Schwab lagging the industry standard by doing it so late?

I guess no one is arguing that small accounts blow up more than large accounts. That’s to me some scientific evidence to impose a minimum PDT account size to protect both account owners and brokers. I would think it protects the not too wealthy more. One can always try and train using a sim...

In a bull market everyone believes in buy and hold, and in a bear or sideway market everyone says cash is king. The problem is only if one can correctly predict the next bull or bear market. So the quote means nothing and helps no one, except maybe true dummies. An example is the subprime...

Want to join Bill Ackman? I have seen the B1M building. It is glistening and pretty. I don’t mind to live/work inside.

That’s the conundrum. You either run a trade deficit with some country, be it China or Vietnam, or make stuff at home and expensive. Then it alludes to another point of the benefit of global trading - making stuff cheap where it is cheap to do it, anywhere.

Everything has boundaries. The key question is Do the pattern boundaries/trend lines bear any statistical significance? Let’s say we can recognize an up trend forming through patterns in a higher lows and higher highs fashion. However, how can one predict the extent of the next higher low and...

Not believing in trend lines =/= not believing in TA. BTW, a lot TA stuff (such as various indicators) is statistically insignificant. But patterns are the opposite.

Quote: By large drawdown i mean relative to risk taken. Not necessarily in absolute terms. I see. Guess the magnitude of drawdowns is related to weak/strong edge in stage 2/3?

With proper risk management and position sizing, large drawdowns should not occur post stage 1, assuming the trader has mastered the basic trading skills going into stage 2.

Statistically, trend lines represent randomness. Or, put it in another way a broken clock can be right twice a day/year but bears no statistical meaning in time tracking. What you are showing is more of a pattern than using trend lines, if by itself is only apparent a few times a year.

The thread title is wishful one-way thinking. All China needs to do is stop buying US treasury and that will wreck the US and world economy. Much of the China to US trade surplus has been used to buy US treasury, essentially financing the US government and consumers. With the trade surplus...

After following this thread for a few days, I realized that a crucial point was missing in the whole debate. The 10,000 or whatever hrs rule was probably conjectured or studied for other professions and then transplanted to trading. It may have a certain degree of truth for trading, but far...

Trend lines exhibit a typical fallacy of hindsight and forced/artificial curve fitting. They are only accurate after the fact and of no statistical meaning at all, meaning complete randomness. However, sometimes they do fit even in real time, akin to the proverb that a broken clock is right...

The fund used a value investing strategy per the article. It tells me that the fund manager just got lucky in a certain period and he had no real trading/investing skills. Kinda like everyone is a winner in a bull market and goes kaboom as soon as the bear market comes around, as it will...

No surprise! SF Bay Area is famous for all kinds of bubbles, e.g., Internet, start-up and housing bubble, etc.

A restaurant does lose money from time to time on bad dishes and mixed up orders, by waiving the charges and giving out free dishes, etc. In a sense, it’s same as those losing days in day trading.