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    Emotions in trading

    You nailed it. Most retail traders lack the discipline to wait for the good trades. Like the Las Vegas gamblers, they love the action and nothing else.
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    overtrading

    Profits take care of themselves because you do not know in advance if your trades will result in big profits, small profits, big losses, small losses. There are only 4 possible outcomes to any stock trade you place. What you need to focus is in your trade process, to make sure you are following...
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    Emotions in trading

    It is not the quantity of trades but the quality of the trades. Not all trades are created equally. Putting up 20 bad trades vs 8 good trades, you do not need to be a genius which trades put monies in your pockets and which ones take from your pockets. Some retail traders have the gamblers...
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    Ecological Overshoot

    When environmentalists tell you that we have to save the environment but, these same fools support the Ukraine war and sending weapons to Ukraine? Yeah, prolonging the war will save the environment, got it! No, dumdums. Can you imagine how much pollutants and toxins have been released into the...
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    What if biden had not run for President in 2020?

    Hell, we could have a President Pelosi in the Whitehouse. The bigger issue is how Americans let the integrity of US elections be sacrificed. RINOs betrayed us as much as the Democrats. They were all in it to deny President Donald Trump the US Presidency at all costs! Too many American traitors...
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    Money Management Question

    Michael Covel in his book Trend Following compiled the performance of top hedge funds for a number of years, by and large, each year they made monies, one or two years, they had small losses. However, on average, their returns was 18-20% per year. The Medallion Fund blew up its peers because of...
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    Election 2024 Foreplay

    Joe Biden can run and win again. We cannot rule out the Democrats unleashing their cheating machines all over again. The last midterm elections showed that the Democrats are far from dead, no matter how bad the economic policies of Joe Biden, no matter the huge numbers of blacks and hispanics...
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    Election 2024 Foreplay

    Democrats cheat in all US elections, even the ones for mayor, city councilman, Secretary of State. The most important position is the Secretary of State as he or she determines election rules, printing of ballots, keeps voting rolls. All highly important in having clean elections. Democrat...
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    overtrading

    This is just my personal risk management approach. I limit myself to 7 open trades total at any given time. When I close out a trade, I have the opportunity to place another trade. Never risk more than 2% per trade. If trades start going your way, move up your stop losses. When you are stopped...
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    de-dollarification, brics, 401k leverage

    You cannot fight the Federal Reserve printing trillions of dollars over and over. Most other countries are wising up and refusing to use the dollar. As more and more dollars get printed, inflation is only going to get worst, not better. Not all the innovation will save the average American. Most...
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    Charges against Alec Baldwin dropped based on the "I Am Special and From Hollywood" legal doctrine.

    The family of the victim should hire a good attorney and sue Alec Baldwin for $20 million minimum. Her child will grow up now without a caring mom. If only for the child, the family should make sure the child is taken care of. There is negligence in what Alec Baldwin did which is point that gun...
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    Casino stocks on the move today

    A trade is like a bus, you miss one, there is one coming right after it. You just have to wait for it. Lots of trading opportunities each day.
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    A common trading mistake

    It went up on low volume so, nothing to get excited about. Chances are good it flushes out those who chased it.
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    Casino stocks on the move today

    I saw WYNN when it was in the $60s and broke out. Did not get in. So, I missed out. Will get in when it pulls back or go to the low of the trading range around $101.00. Looks like it is stuck in a trading range so, waiting on it.
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    A common trading mistake

    News is overrated as a catalyst for big stock moves. Not saying it does not have an effect but, insiders (banks, brokers, mutual funds, hedge funds) has long taken a position before a stock gaps up or gaps down. So, news for the retail trader is useless. Much better to wait for a retracement or...
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    Democrats are hypocrites

    The Democrats and RINOs long ago, sold out and betrayed the US to foreign interests. One day, our enemies will just walk in and before most Americans realize it, the US would be ruled by our enemies.
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    The most efficient method of trading

    If you are patient enough, there will be opportunities to make a lot of monies. Just do not think short term, think longer term. Take the 2008 mortgage meltdown where the banks took a hit. BAC went as low as $5 a share and C went as low as $0.99 per share. No, I did not get in, I already had...
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    Join Us at The MoneyShow Las Vegas 2023 - The Trading Pit Team

    Used to attend the Money Show. Maybe, for 5 years. Last one was at Bally's casino. I gambled a bit on the slot machines while, waiting for the Money Show. Me, and my friends used to stay at the Rio Hotel and Casino which was one of the best casinos then, giving you free rooms even if you are...
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    Fox making last minute overtures to settle Dominion lawsuit

    This is a civil trial meaning only 9 jurors have to side with Dominion for them to win. There is a lot of biased, extreme liberal jurors sitting in cases. Now, if this was a criminal case, Fox would have fought it. They would have to have all 12 jurors agreeing and the threshold would be higher...
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    C'mon Canada

    Cuddles4BS, your days are numbered as Justin Trudeau takes more and more of your rights away. I remember extreme liberals rejoicing as Trudeau impounded the trucks of trucker demonstrators then, freezing access to their bank accounts. You ET trolls love to throw the fascism card around without...
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