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Just from observing Friday you can learn the fact that volatility both expands and contracts. If you traded Monday expecting Friday, it's no wonder things went bad. Regardless, you're not ready. And it ain't about discipline. You simply don't know enough, yet. If you did, you wouldn't be...

Not sure if I completely agree with your logic, but allright. As traders, I think the most recent past and current market conditions should be our major concern and focus of attention. One could also argue that your sample now includes the financial crisis which in my opinion is not part of...

Doesn't sound logical to me. Your filter with new highs and lows would take some more time to account for, but just looking at daily change for 2010 to the middle of 2016: >= 3 % = 12 days <= -3 % = 15 days So, a slight skew to the down side. Based on memory or hard data? I wouldn't...

It does not. That's the question asked in the article. In the conclusion, he says: "In conclusion, my data suggests that during typical market activity, SPY does not fall 3 times faster than it rises." As far as I know, the biggest intraday move in the last 6 years was an up move with a...

Pay attention to prior daily closes.

The S&P did make new highs today and is virtually unchanged on the day, yes?

Nice returns, but obviously gambling, no?

Or maybe an institutional investor or a sum of small traders decided to take profits for whatever reason. I'm not sure if this line of inquiry will help you. What do you think?

I don't quite understand what you're asking. Are you asking why price pulls back in a 'bull market'? Surely that's obvious?

How can price movement be caused by anything other than an imbalance between buyers and sellers? Or even an absence of either? Market sentiment could be an explanation of this imbalance, sure.

http://www.mjwinvestments.com/mark-weinstein/ Depends on how smart you're with your money. If you earn a fortune, you wouldn't continue risking it in the market, but park it somewhere safe where it generates your 'income stream'. Ideally. But sure, there's plenty of stories of dwindled...

You are however indeed correct that there are plenty traders that experience success in one time period and end up losing in the next. Certainly not in disagreement there. But like I said, I wouldn't believe that to be the case with Weinstein, since he was very well off and seemed to be risk...

I read a little fast here. I thought the OP had bumped his old post. Well, if you found the right Weinstein, that is. Googling his name, you'll find a dozen different Weinstein, so it seems to be a more common name than you'd believe. With the type of success he had as depicted in Market...

In case it wasn't clear, you need to consider the opportunity cost of the hours you put in trying to become a trader. 10.000 hours has been quoted as the figure needed to become an expert in any field. Trading is no different. The difference in trading is there is no one holding your hand. You...

Do you seriously expect to get in touch with him? And if you did - do you expect he would be mentoring you? It seems like most successful individual traders shun publicity. Recall that many of the traders in Schwager's books declined the initial interview and had to be persuaded hard to do it...

Quick word of advice: Don't trust anyone. There's many people here with good intentions who sincerely think they're helping people, but since they're not yet successful themselves, they really have no business giving others advice in serious matters like these. My best advice to you would be...

Interesting thread. I find myself in similar predicament, but for now, I've been trying to do it 'manually'. Without having to learn programming, are there any good alternatives to Excel for analyzing and sorting tabular data? I'm thinking Excel probably does what I need already, but figured...

When do you expect it to close? :)

A frustrated member from ET? :)

Did you ask IB?