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Now that's guru-like wisdom!

Sideways between the two lines I drew? Or sideways around the current price +/- only a dollar or two? I'm long a pretty large position of SPY with an average cost of $123ish so I'd like price to go up, but I want it go to down further first so I can buy more. But my next buy point is at...

Get out of here with your logic and common sense. This thread is about predicting price movement :D

Hey guys what's your most expensive home worth? Mine's not really so much, only $8,000,000. Hey guys what's your best time when running the mile? Mine's not really so fast, only 1 minute 31 seconds. Hey guys what's the most you've ever squatted? Mine's not really so much, only 2,000 pounds.

QQQ is a little more interesting because its HL was barely higher than the last low. It was pretty much a double bottom.

Over the next 10 days

Trading like this? None. I've only been doing this since the "crash" in 08-09, though. I've had big losses in the past when I would try to predict direction, though. And sometimes daytrading, too. Without checking my records, I think my biggest daytrading loss (ES) was probably around...

Yeah that would've been nice :D I have no idea where price is going so I never know when is the best time to close it. I can't call tops or bottoms nor can I predict direction. I actually thought about closing it the other day but I figured if I did that, price would just keep going down...

8/26: SPY -$31,749.00 hedge $3,938.25 Net for this trade -$27,810.75 (unrealized) +$1,223.60 (realized) +$2,931.69 (realized) +$1,129.72 (dividend) ------------------------ -$22,525.74 Back and forth back and forth in this range.

I'm trading SPY, not ES. I'm not using margin (yet) so there is no point where I have to take a loss. The next addition may require margin depending on how I go about doing it.

8/25: SPY -$41,382.00 hedge $4,735.89 Net for this trade -$36,646.11 (unrealized) +$1,223.60 (realized) +$2,931.69 (realized) +$1,129.72 (dividend) ------------------------ -$31,361.10

8/24 SPY -$31,122.00 hedge $3,938.25 Net for this trade -$27,183.75 (unrealized) +$1,223.60 (realized) +$2,931.69 (realized) +$1,129.72 (dividend) ------------------------ -$21,898.74

I haven't closed anything out so I haven't taken any losses, much less "crushing" ones. In fact, while I'm currently drawn down about $40k, it's really only $30k because of my hedge, dividends, and previously closed hedge positions. When this trade gets closed, it will likely be in the low...

8/23: SPY -$40,470.00 hedge $4,688.97 Net for this trade: -$35,781.03 (unrealized) +$1,223.60 (realized) +$2,931.69 (realized) +$1,129.72 (dividend) ------------------------ -$30,496.02

8/22: SPY -$61,617.00 hedge $6,507.12 Net for this trade -$55,109.88 (unrealized) $1,223.60 (realized) $2,931.69 (realized) $1,129.72 (dividend) ------------------------ -$49,824.87 Barely any change from Friday.

Are those firms legit? Or are they churn and burn bucket shops? How hard is it to get a job there? Do they only hire super math degree quant guys? I think Jump is like that... I remember looking at their website a few years ago. Anyway most of those places are really close to me.

Looks like a loft condo.

A round trip is opening a position and then closing that position. If you do 3 of them in a one week period you trigger the pattern day trader rule. But technically, I don't think there is a time limit. If you buy X shares of ABC stock and then sell those X shares, whether it's 5 minute...

Going to start buying SSO when SPY gets to 105 or 100. I haven't decided which price level quite yet. I have to do some math this weekend. I'm going to use SSO because I don't have enough money left in my account to buy enough SPY without using margin, and I don't want to use margin. SSO...

8/19: SPY -$62,130.00 hedge $6,518.85 Net for this trade -$55,611.15 (unrealized) +$1,223.60 (realized) +$2,931.69 (realized) +$1,129.72 (dividend) ------------------------ -$50,326.14