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It's always darkest before dawn... :) Depends on your time horizon, leverage and strategy? I'm still piling monthly savings into index funds like any other dumb investor.

Makes sense. Still seems a bit excessive to me with NQ close to limit down. Maybe it's the perfect storm with a lot of factors lining up together.

Family visit today, so will miss today's session. Might be a good thing. LOL. :) What I don't like with the current down move is that I don't fully understand the why of it. The corona crash and the inflation plunge was easily understood as it was happening. Right now, I just see a variety of...

:p I think so, yes.

Trying new baby sized long at 18. Stop at 12.

Scratching the baby long here. Market offers a ton of opportunity now. For most, it's a ton of opportunity to lose money. Haha. :) I much prefer medium paced volatility and more predictable markets. NQ down freaking 6.52 % at the lows. That's pretty extreme. Almost limit down.

My guess is this week will be less profitable for me than last week as I've scaled down to micros and have less confidence in where the market is going. I like to push it and size up a bit when I understand what's going on. Right now, I have zero clue what's going on or what's going to happen...

I may be stating the obvious, but this can swing both ways on the Open. The last time we saw a 2 % gap down or more on the Open was the 13th of October 2022. Big rally that day. Prior to that - the 13th of September 2022 which was a big continuation sell - down 4 % on the day. Best to size...

I'm all about rebutting scams and lies which are abundant in this industry and especially among the retail crowd and retail 'educators', so have at it. I'm just suggesting that ending every post with a 'lol' seems a bit dismissive and it would be better with a factual reply (which arguably many...

My guess is there is no 'edge'. Most courses, e-books and books are just repackaging the same old public information with a few twists. Been a while since I read one of those, but I read a ton when I just started out. Arguably, selling trading education is a much easier way to make money than...

Upon re-reading the Market Wizards series (didn't re-read the last one yet) my impression is that some of the trader's results are questionable and not even that impressive. Jack does claim to have verified Shapiro's track records over a long period and even say that they are unusual in that...

You're such a bear. :) But yes. Definitely some factors which suggest not getting too bullish just yet. There's also been a lot of talk about the unwinding of the yen carry trade and how that's causing sell pressures in foreign equities with potentially plenty more to go. Anyone know...

Solid post. Unless you're in the fortunate position of being able to consistently copy a great trader, there's no way you can succeed in this game without doing your own due diligence and accumulating your own experience. Regarding euphoria, that's also a great point. I definitely think we've...

Not sure how valuable this specific data is, to be honest, but I always like to 'run the numbers' and see if something shows up. If the outcome seems to be 50/50, that's information, too. The most interesting recent data point was last week when a member said that the first trading day of the...

You really should stop ending your posts with 'lol'. It makes you come across as a condescending douche. If you want to troll these boards, fine, keep what you're doing. But if you actually want a productive and civil discussion where you actually convince people to change their views, consider...

The stuff on positioning is interesting. Ever heard of Jason Shapiro? His entire approach is from what I understand based on positioning, i.e., when one side gets crowded. I like to watch his free videos. Not up to date on this week, but last I checked he said he was not shorting equities yet...

We're moving into the window of weakness during the year. Historically, that is. September's been red the last 4 years dipping as much as 9.38 %. Minimum 4.79 %. August more of a mixed bag, but definitely a few biggies here as well: PS: Not sure it matters, but August in an election year has...

Interesting read. Thanks.

That's possible. I like to keep an open mind. From what I've picked up there's been many quantitative funds and players who have not done very well, too. So, I don't see any proof that quants by default would be better. Personally, I use a hybrid approach and I guess it would be correct to say...

Could be. For as long as I can recall there's always been a lot of reasons that the market should have sold off, but they have never seemed to matter for long. In the indices, that is. Even if the correction continues there will most likely be solid rallies on the way down. Just like the one...