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TradeStation eMini daytrading rate is 25% of full rate $11880 or $2970. 1/10% of that for micro ES.

Touched a raw nerve have I? :D Anyway delusional traders and/or investors are those who don't use stops at all - long and yes those who go short too. Happy.

Hacker who Feds say did the Bitfinex $4.5 billion heist dubbed "Crocodile of Wall Street". :) https://www.ndtv.com/business/bonny-clyde-of-crypto-arrested-over-4-5-billion-bitcoin-hack-2757642

Why should investing be any different? Longer time frame, wider stop. Most always (those who only go long) think about the moves higher they might miss, never conceiving of the moves lower they might avoid.

Tomorrow might change a few minds. Maybe not for that particular bottom though.

I would have written read a shorter letter but I did not have the time.

Open Interest (magenta colored) bars bottomed (cyan oval) day before spike low and has been in an uptrend, just like price, ever since. Signaling weak hands have been shaken out :-

Funny how you can see the flaws in Austrian economics, been around for 100+ years, but not today's flavor of the day MMT - we can "afford" :confused: to buy a Tesla for every American, problem (not having the actual money no not that) it is that Elon can't make enough off them fast enough so...

Sure a lot of traders lost money - happens allllll the time. I prefer to go short when it is going lower and I get a trigger, not higher.

Funny thing happened on the way to $100 ......... selling.

Beat you by 30 years - original copy on my bookshelf of "Free to Choose" (1980) by Nobel Laureate Economist Milton Friedman - some ideas he is dead right, others not so much.

Feds seize $3.6 billion in bitcoin stolen from Bitfinex hack https://www.cnbc.com/2022/02/08/feds-seize-3point6-billion-stolen-from-bitfinex-hack.html Now just think if that was cash from an old fashion bank heist instead. Good luck getting money back if it was stashed in a good hiding spot.

If you say so.

Think about having, and more importantly using, stops.

Traders run to volatility, not from it. o_O

Hope is not a strategy.

Sorry that was a typo on my part. Should read: Today's open and close diff more important than yesterday's close and today's close diff. Even for options - I actually learned that from a Tom DeMark options trading book. He calls it TD Camoflauge.

The difference between today's open and today's close is way more important than the difference between yesterday's close and today's open. For example stock closes at 100 yesterday. Opens today at 102, trades as high as 104 but closes at 101. Media will report it gained $1 woohoo, difference...

Think it is Mis' sippy and anyone thinking of moving there better have earned their money already. Because from what I hear they don't pay - y'all. In a 50 horse race they come in 51st.

LMFMAO C ya.