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I feel like watching a suspense movie where I already know that the reveal will be disappointing :)

Guessing/predicting is not the same as identifying structural changes in the markets. Maybe this is all obvious for the options pros, but I found it insightful. Yes, we are all expecting a rally, but will it be of the same magnitude/velocity as the decline? It has practical implications for...

How about NOFT? They have a whole educational program around these concepts.

Why? He is well respected and have been around forever?

Welcome! Did any of the courses promise you to be a profitable trader in 90 days? If these are discretionary, how can you back test them?

What kind of risk?

The last thing we need is more uncertainty. Imagine how many algos/systems will have issues when closing times change!

Absolutely hate it, I hope it's not contagious https://www.itnews.com.au/news/asic-applies-algo-brakes-to-high-frequency-trading-539372

Andrea, yes I got that from the video, but that doesn't answer my questions. Should there be consequences for breaking the rules? If not, how do you stop the behavior?

Not necessarily. Often market rewards bad behavior. Many times I choose not to take a stop and work myself out of the trade at break even or better. While consciously I blame myself for breaking rules, subconsciously I pat myself on the back!

So this is not the first time I hear the importance of positive self talk and forgiveness. What I am confused about is this - shouldn't there be consequences for breaking rules? If so, how harsh? What is the appropriate "punishment" if this keeps happening? P.S. This lady is a sponsor...

I would not be surprised if we got there, but would you buy there? We need a bear market, not just a correction. We need some fear back in the markets. The buy-the-dip crowd hasn't been flushed out yet, imho.

My opinion is that skill is transferable, but talent (and experience) is not. You can train someone to be better, but you can't train them to be a star.

Simply means that trader's metrics indicate that he/she has an edge and it's persistent across different market environments.

Lol, why is it bad to be an educator once you are consistently profitable and have something to teach?

I agree. And @dozu888 is saying same (finally we are in agreement lol) - we should see more pain and the earnings may bottom us out. But I don't expect V shaped recovery, this wound may take time to heal. Also, baby boomers may decide to stay away from stocks even though there's no alternative...

Lol. Russian people can survive any conditions. No fighting over toilet paper over there.

Yes, I follow him and MadAz. @KCalhoun has many valid points even though I don't agree with all. Just to be clear, I do not trade low floats at this time, but I am watching, learning, and sometimes SIM trading.

I don't entirely disagree. However, it's still trading and many of required skills are common and transferable to other styles of trading. I see prop firms trading low floats as well. So I guess people need to decide for themselves. One thing is for certain, if you have a small account, your...