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:):):)

:):D:)

None of the long term trader will run away in the recent market meltdown. The downturn indeed provide the best buying opportunities in certain equity such as energy. e.g. My energy ETF is up nearly 10% after a week I bought them, but do I care it may go down in coming week so I better sell them...

I believe the smart guy like you are talking about forex, commodities, options, bonds and even the bucketshops (the biggest casino since 100 years ago) ? The smart trader been taught by bogus guru that they should trade using Price Action, indicator, TA, market "context", DOM, free internet...

I am not sure what is your motivation to promote this kind of thinking, but you do know the chance that you (or anyone) that want to achieve the CIS result will be almost zero, this is no different than buying lottery and wish for the best. You are likely loss ALL you money eventually. Long...

You will be lucky IF you only LOSS everything AFTER a decade. Most day traders don't last more than a year or after 2 to 3 thousands trade. Figure out how we know this number.

LOL, as I pointed out in my previous posts, there are only two type of trading : mean reversion or trend following depend on the market conditions - spike (aka trend), channel (aka slightly trend with some pull-back) and range/chop (barb wire) It is easy to say this and that in the HINDSIGHT...

:) It seemed you really know your things, trading with leverage is a suicide to account but unfortunately a lot of people (include those super smart one) fall into this trap, as they don't realize they are playing with the noise than signal. Their brokers (and the brokers' affiliate) and bucket...

For short term trading it is better to trade the mean-reversion approach than trend following. Most of the ET traders here are mean-reversion traders, the approach they trade are using long term trend as the guidance to long or short, and then trade in that direction during the market...

What wrong with this? Do you prefer the market that been manipulated by a few big players and hedge funds/big bank? Do you think fed/gov care about the gamblers (aka day traders)? It actually amaze me why they never block or highly restrict this day trade activities which is no different than...

Lol, this make my day. ET still ET, a broker sponsor site with full of dreamers.

Close my long, may go short as I expect the market will move lower next week.

Most ET thought that institutions trade like what they did : Looking at TA in their chart Find something they though is good risk / reward ratio in their chart (dreaming they can find something from the bare chart) Put in PT and SL Pray for Win, blame he is not following his rule when he loss...

How you know market will not just sideways for the next fee days, and hit your stop lossES in both directions?

Welcome back ;)

Respond to you in private thread :p

Those who don't reply doesn't mean they know, those are aka the fake PA expert try to come out with excuses that why they can't tell or reply. RN did respond to me in private thread on this particular chart pattern, and to be honest, he get it right in his "setup". Hint: For anyone that really...

Or Those who don't tell also don't know, aka the fake PA expert try to come out with excuses that why they can't tell.

I am not asking the story telling in any chart from the hindsight, we can easily find this type of price action "story" in this forum or any Amazon bookstore (such as those in Al-Brooks book). I am asking is if you are in the market that tine and AFTER you see the big red candle, what you will...

This will be the shortest correction in the history, it last less than 24 hours. Thanks to all the free money printing ;)