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1. Deposit $5k with Thinkorswim / TDA so you can open a sim account 2. Pick up Trade Your Way to Financial Freedom, by Tharp 3. Follow the instructions in the book 4. Back test whatever ideas come up 5. Gamble away (lose) the $5k to respect risk management and the need for a...

I think it's the other way around. In every thread where you create another episode of The Jack Hershey Show, there are four elements that are conspicuously missing..... 1. Proof that you trade 2. Students who "graduated" 3. Concise writing 4. Risk management Not to mention...

Last quarter earnings: ~$3m One day loss: ~$440m :eek:

Good looking price action from FAZ today. Crisp breakout from 130 SMA on 15 minute chart but not quite a decisive higher low / divergence on the hourly. The only thing that could shut this down is ECB antics and the potential bull flag on the SP500 chart. You never know...... I'm still...

I am not impressed with your performance.

There is nothing "fucked up" about making money from your profession. Or do you see this as just some kind of sick joke?

Drawing a trend line under a corrective (not impulse) wave is, as you found, a messy proposition. More utility can be had by observing the price pivots; i.e. a series of higher lows & higher highs = up trend still in effect, in this case. A characteristic of corrective waves is lethargy...

So are degenerates.

Guys, guys. This thread isn't about being a good student, it's about making money. Are any of you making money?

And the 10%? How very interesting how The Guru from the thread "why is the obvious, not so obvious" claimed that 90% of the time you BLSH / SHBL, 10% of the time you BHSH / SLBL. Could these 10%'ers be intraday trend followers? :D

A true sign of someone who is most likely not a millionaire........

Greetings, Amateur Traders (and perhaps a few professionals)........... I watched the chart for a couple hours this morning and decided to take a nap, because nothing was happening. I made $4 paper trading. :D Sure enough FAZ popped above my trigger line but I don't trust it. I want...

Support now broken. I suspect The Market will attempt to shake out weak hands before following thru, tomorrow afternoon.

I do mine in shades of blue. It looks like a crashing wave, with the shortest SMA almost white. It is a subliminal reminder that The Market can be easily understood if you become a surf board. :)

If he really did give Jack $60 for The Answer to his endless riddles, it should finally settle the controversy over his suspected Guru status. Gurus always do it for the money (and girls).

Another fun day of sim trading, while I stay awake, looking for a third wave breakout on the hourly chart. Five wins, no losses, no draws. This is huge, for me. Sim trading brings out all my impulsive problems because there is no consequence for failure. I recommend anyone who is serious...

Don't fade trends? :confused:

FAZ looking coiled. The Market appears to be waiting for something to trigger it....... a reality check, perhaps, from the CB's later this week.

I just signed up. Somebody give this memo to Jack Hershey.

I just made 6R daytrading my sim account today.