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Congrats to everyone who was short. :) I'm still accumulating longs, getting uncomfortable. Still see a perfectly good up trend with no divergence, lower high or shoeshine boyz giving stock tips :eek:

:D I know a guy (retired broker, huge gold bug) who calls them "take losses"...... I learned a lot from his approach, which involved pyramids of small limit orders on an up trending security. You get to sit thru some "paper losses" but profits get booked. There is money to be made in...

Slow day for liquidity providing longs. Good looking base to end the capitulation but not enough upside to get on the cash register yet.

Ripe looking dip

It's profitable, scalable, and provides a valuable function to The Market, to stabilize the overshoots caused by price chasers. But who knows, maybe some day I'll be able to move up to Trading Educator :eek:

Takes all kinds of traderz to make a functioning Market for hedgers to use. If it weren't for guys like us, there would be violent spikes that would blast thru the stops of leveraged trend followers and The Market would be chaos; no hedgers would participate without a continuous stream of...

Long & Strong :D

You may be right. Started buying TNA calls this morning, fading the banana curve expecting a false break thru the triple bottom :eek:

I remember reading in one of Van Tharp's books where they did a back test with a random entry, trailing stop and small position size over several futures contracts and got an overall profitable result. There were some long drawdowns and the return was nothing compared to a real system, but it...

The LORD Jesus Christ has given everyone a chance to receive the gift of eternal life, but everyone must die once. There is no need to deal with this fact; the Holy Spirit sustains believers through all the suffering that comes with living and dying, though anyone who desires eternal life must...

I do see momentum coming out of the up trend, but failed_trad3r is still bearish so we can't crash until he throws in the towel and goes long. Taking that into consideration, the wave count suggests a false break of the triple bottom then a massive short covering pop, which causes Mr...

Ripe looking dip

What's up, index traders. Sold these calls at 7:30ish the next day in that flag consolidation pattern. Wanted to hang on but had to leave the building for a couple days. :eek:

Rolling 1 year performance for the Tailz fund. The trading riddle was solved in mid February, judging by the graph; 3 years of flailing like a fish on dry land ended there, like a miracle. :eek: The huge spike was when I got a job and stopped sitting in front of the console all day, so I...

Your brain is on drugz

I bought some property recently in a mountainous region of Socal, which is really beautiful but full of liberals. They seem nice enough, but one thing I noticed recently is when talking to their kidz, they say "please" and "thankyou" when "asking" them to behave. It's as if everything is a...

Thanks for your thoughts. I agree, you can't be afraid of getting hit and you can't melt if you eat a few. On the other hand, it is truly amazing how the fight changes when you land a straight one right on the other guy's chin...... It's like facing a new opponent. Takes the life out of him...

I looked at the title and first thing I thought was liberals :eek:

At least you have a profitable system. :) I think I agree with Nodoji - just having the system isn't enough, unless it is full auto. Manual trading is like boxing, just knowing the moves is a very small fraction of what it takes to win the title. You gotta be able to take hits, and give them...

Tell me about it. I sold my TNA calls right before EOD thinking the move was out of gas. Now that's what I call a tail! Thankfully not short. :eek: *edit +85.23 past two dayz