Well, traders also place too much stock in the obvious and they refuse to believe what they see.
Support and Resistance levels, Fibos, Pivots are usually faded by newbs and that is a mistake. Somehow they have it in their mind that something like Support is a tangible barrier and they will buy...
Now that is the kind of analytics that I can appreciate, thanks so much for adding some color.
Point being, it's always better to give up some trading range in exchange for a much better risk/reward skew (price action confirmation, earnings, etc.) .
It's the ego-driven fallacy perpetuated by Jack Schwaeger's "Market Wizards" - which was the biggest disservice ever made to the trading community. I wouldn't be surprised to hear that that tome has blown out ten thousand accounts. Timing market tops and bottoms without confirming price action...
I've seen so many traders fail over fighting the market. They have to be right and the market has to be wrong. They abandon their stop-loss levels and they add to the position. And that's the end of them. They are usually forced to close out their positions by others, or they will close it...
You'll learn eventually. Stopped out. Time for a new thread calling a new top. There are literally over a thousand threads calling tops the past several years, btw.
I met Jeffrey Sprecher in the 1990's and have followed ICE closely ever since. IMO it would be a grave mistake for anyone to think that they could intimidate him or that somehow NYSE would just sit there and allow themselves to be a piggy bank for a badly managed and fiscally irresponsible...
At some point in time, you'll have to cite a reference other than yourself. And this isn't a discussion or an intellectual exercise, you cite no formal proofs or academic works.
Let me provide an example: "The Biggest Auction Ever: The Sale of the British 3G Telecom Licenses". The Economic...
I am thoroughly amused by all of the S&P 500 Top is HERE threads.
The S&P isn't driving this car the freaking NASDAQ has been driving this car. Er, rocketship.
This flies in the face of everything we know about economics and market innovation - you are advocating for a kleptocracy. Putin's Russia - that's your framework. Great.
So a government erects a multitude of regulatory impediments in exchange for a royalty and the issuance of a patent. And...
1. Europe nationalized Companies post-WW2 and that worked out terribly. It wasted huge amounts of capital and resources and ending up making services and products more costly and with inferior results for the users than the private sector could provide. Countries had to create heavily...
Leftist kids tend to become adult capitalists when they find out that working six months out of the year to pay taxes is a bitch when it comes their turn to support a family. Been that way since 1923.