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It's triple witching day today, boys and girls.

It's usually always the same - with a minor twist... :) The crowd gets excessively bearish as the market heads lower and euphoric as the market rallies. We now seem to be in that euphoria stage, but when that reverses is tricky to time. Maybe we'll wait until 2024 until we see a substantial...

For those that believe in statistics, triple witching day is a red day 79 % (!) of the time over the last 5 years with the average change at - 0.73 %. December being no exception.

Probably not, but TWD is far more often than not a red day.

Buddy, Glad to see you made money over the course of 11 days, but I wouldn't read too much into it, yet. There's 250 trading days in a year and only a few weeks ago your signature said you were a net loser and that your opinion as such were worth less than a penny with a hole in it. The truth...

Basically, the market is merely an order matching engine where market orders cross with limit orders continuously. As such, it's completely neutral, impersonal and doesn't seek to do anything beyond what it's supposed to do: matching orders according to the rules that govern that market or...

The Market Wizards series are my favorite books and incidentally, I'm re-reading them right now. I think they are more interesting and practical after having gained some experience on my own compared to reading them when I was completely fresh. For me, the main reason I find them interesting is...

Yeah. Nailed it. Let me know if you want the solution for today (Friday). :)

“Never confuse genius with luck and a bull market.” John C Bogle That said - even during a strong bull market there are plenty of people who still lose money. I was around when this bull market started post financial crisis and there were plenty of people who were expecting the collapse of the...

Yesterday, Wednesday the 6th of December was an Outside Day down. Rally today. :cool:

Since you've studied his method for over two years, would you be as kind as to summarize his approach and philosophy in a short paragraph? From what I understand already, he's a long only stock trader trading breakouts (?)? I agree that it does raise suspicion. On the other hand, if you're a...

This recent rally took many by surprise as even those that were bullish were expecting a correction, but the market just kept going. There's some strong seasonality in play for this time of the year and the market tends to go further than most people think. That said, the markets usually...

You're printing money, dude.

Did you get your 20 points today, buddy? NQ so far today using a 20 point filter: 22 swings for a total of 934.75 points giving an average of 42.50 points with the largest being + 147.75 off the LOD with virtually zero retracement. Daily range is currently 155.25 points. Most likely both the...

I don't claim to hold all the answers, but the key point I'm trying to communicate is that a consistent daily profit even if fairly small eventually will grow into a large sum if you don't withdraw capital and compound your profits. Yes, progress is small and slow initially, but at some point...

The average RTH range on NQ over the last 20 days is approximately 150 points. There have not been many this year below 100 points. Let's assume 100 points as a conservative minimum and that you're able to take 20 % of that net daily. That's 20 points / 40$ per MNQ contract. Let's say you trade...

Humbly, you seem to be putting the cart in front of the horse. If you can master NQ or MNQ - you just keep scaling your account, i.e., 1 new contract per every new X amount of dollar in your account. If you can do this, you're rich. And fairly quickly, too. You don't need other instruments...

10x seems like an exaggeration. I've googled the hell out of this question (NQ vs ES) and the preferences I find from other players seems to balance out fairly evenly with some preferring either for various reasons. I also did my own preliminary research and have done some testing: Which...

I have an extensive and detailed dataset which gives me the opportunity to ask questions and find answers, i.e., this happened - what typically happens next? I never specifically tried to predict a range bound condition, though. One way to check for that intraday would be that the day closes in...

100 %. This, along with strong seasonality for November, is why I got very bullish a few weeks ago and have mostly been playing the long side. Way too many people were fighting the market and trying to make it fit their view of what has to happen, i.e., the market should at least retrace here...