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It's like a hammer or screwdriver in a world where there are no nails or screws. Sure, it's a tool. But it's not doing anyone any good. I've never seen someone claim otherwise who will call trades ahead of time rather than posting pretty charts after the fact. I have seen plenty of...

Link to "TA that works"?

going back up!

6/11: SPY: -$904 SH: $224 4 days until ex-dividend date Net for this trade: ----------------------------- -$680

Gap up and then price came right back down to yesterday's close. Oh well!

What program is that? That's a clean chart and I like the clock.

I try to buy bottoms. I just don't know they're bottoms at the time.

Looks like a gap up out of nowhere in the futures market right now. Will be interesting to see where price goes tomorrow.

Can you identify those phases in real time?

I love vague answers! U r the wise guru!!! I don't have any metal belief blocks. In fact, I am listening to metal right now.

Subtle vague secrets post. Also, I look at every chart you post, but I don't understand what I'm looking at.

6/8: SPY: $448 SH: -$84 7 days until ex-dividend date Net for this trade: ----------------------------- $364

It allows me to not reduce my SPY position so I get more dividends, and it helps protect from potential wash sales, and I can make some money if price goes back down before going up to my target SPY selling price. I don't look at the addition of SH as an equivalent reduction in SPY position...

6/7: SPY: -$392 SH: $133 8 days until ex-dividend date Net for this trade: ----------------------------- -$259

Strongly disagree. Forex is just as hard to trade as anything else, and you're dealing with a shady market with no rules and scammy brokers, fake liquidity pools, padded spreads, the house betting against you, etc. The ONLY advantage Forex has going for it is that you can trade very small...

The chances of actually hiring a profitable trader, not to mention profitable enough to actually win more than everyone else combined is losing, are slim, especially when there are all sorts of crazy rules like you HAVE to trade certain size and you HAVE to close all positions at the end of the...

whoa gap up outta nowhere! Buy - 700 shares of SH @ $37.70.

Ouch. Yeah I didn't mention that in my original reply. It's possible, but not very likely, especially if you don't hold overnight.

That's how some prop shops work. I wasn't actually recommending it.

For example, you hire 20 people. Each of them puts up $5,000. That's $100,000 right there. 15 of these people lose $500 their first week. Their "accounts" are now worth $4,500 each. You took the opposite of their trades so you actually made $7,500. 5 of the people were profitable...