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Crucial! But that can be learned, too.

If you can learn to "read the market", you'll take almost all of the guess work out of trading. Your brain becomes a money machine.... and you can take money from the market any time you want... like an ATM (not limited to $300/day withdrawal, however. :)) Nobody can fire you or lay you...

Wasn't supposed to be. Seems like they "took it on". Shouldn't have.

Could well be... but market has defended 4100 for now.

Don't need that much. All that's needed is announcement that Powell will be "making a statement". Everyone will be expecting "dovish this, more dovish that"... markets be DAMNED!... even if lying through this teeth (again).

IMV... rather orderly selling. Not panicky yet.

You never know the "big picture" except in hind sight.... when the horse is already out the barn. Big reward for catching the turn. Lots of losses for trying too early, also.

See the intraday charts. Obvious attempt, but don't know if it will stick.... or even if it "appears to for now"... how long it will hold. Have to play by ear. Since last night, the market has challenged 4100-4110 at least 5 times... and buyers have turned back sellers each time. If you...

Any "possible short term bottom" won't be recognized as "long term bottom" until waaaay late.. and will effectively be worthless info for trading. IOW... "a bottom is a bottom"... play it and see where it goes.

We'll see if they can make 4100 stick.

Good choice. If "hi spec", not sure about any great bargains. Dell is known for higher prices on upscale components. You might check Dell Outlet. If you can find the machine you want you'll likely save $400-500 at least... will full 3-year warranty same as "new". What CPU are you planning...

I think we all have a strategy... some better than others. Those with "Price TA" as their strategy are in as good a shape as they could hope to be. Others... I dunno about.

Ditto! The "market" is one set of parameters. "You personally" is separate. To be successful, a trader needs to conquer both!

I'm glad that you have "5-grand" to spend on a computer... but let me save you some money. Suggest you NOT go to the "$5,000 expense of a custom trading computer". Rather look to buy a Workstation from Dell, HP, or Lenovo. You'll save $$$ and likely get a more reliable machine. (My primary...

For the sake of your OS, it's important that both cards be of the same model.

How would you know?

Automation might solve the problem of discipline...

Nothing I like better than seeing a cute Asian chick with a "handful of rubbers and big smile on her face"... :) https://www.zerohedge.com/markets/top-condom-maker-expects-sales-shoot-lockdowns-ease

What % of ET'ers do you think are able to automate and do well?

1. In general you want to test your proposed strategies in sim. 2. If you think you've got a winner, trade real money.. but small. As a minimum you could trade a 1-lot in the MES. This will be an important time. You'll feel the emotions of risk/reward and learn about yourself regarding...