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Several months does not make you an expert in trading; if u think it does go take a cold shower and wake up. I'm being blunt cause that is what ur young mind needs. Get your degree; be grateful for having that opportunity.. Markets will be there when u get out of school. Think about...

Outside day. Gloom and doom!!!

You nailed that one!

All time highs again, hard to predict. Many big I banks year end targets nearly hit. Got to believe the big one is coming. Can't continue printing 1 tril / year without damage to dollar which is good for US but nobody else. There will be pushback.

1790 is 150 pts higher from Oct low. Mkt going to react similar to May?

How many are actually long ES right now overnight and will hold into fed announcement?

150 off oct low would be 1790

My plan is to trade what i see and not what I think and to not let the media influence my positions (a mix of both long and short). I have been buying gold and silver over the last 3 months and I remain debt free with a job intact (at least for now). Nobody truly knows what will happen and we...

62.25

Agree. Just scares the crap out of me to see it unfold and everyone including institutions making the same mistakes over and over. And guess who gefs burned in the end. The general public thinking their savings and investments are ok vause this time is different. Dont care what anyone says...

Non financial companies have 13.1 tril of debt on their balance sheets versus 1.8 tril of cash. Not sure of the average terms or interest rate of that debt but it is debt. No wonder fed can't take their foot ofd the pedal. If they did the slow growth we currently have would turn into no...

Margin buying including retail at all time highs. High flying stocks diconnected from fundamentals. Fed keeps adding 85 bil / month. Multiple stocks at all time highs. Absolutely zero fear in the market. However still have yet to see a blowoff top with volume. I keep thinking about what...

Yes, agree. Please don't get me going on big government. Gets my blood boiling.

Pipe dream but good comedy.

Price levels at swing levels. Trend lines do have an influence as well. Price may overshoot but it is Def ref level.

I agree. Can't stand the guy but he does make bucket loads of money :)

LOL, maybe my mind is all f'd up, not sure but am i seeing things?

Same goes for a bottom. It is always hinddight. Key is setting risk, knowing the edge of ur system and trading it with no emotion. Easy to ssy hard to do.

Bingo. The argument that hastings said something to go against sharholders tells me one thing. Churchhill is long and he got his ass handed to him even if he said he has no position. He prob got out of position prior to that post and had to blow off steam. Why else make a post like that?

Show me evidence of a long term successful trader / investor whose strategy is simply based on throwing darts without any take profit or stop loss rules. You'll be hard pressed to find a single one. Psychology trumps most in the markets.