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Come again?

I prefer to take it day by day, but just for fun and to offer a contrarian view, I'll say we have quite decent chances of seeing 4550 by the end of January. :)

I just re-read Market Wizards volume one and two. The methodologies are wide and varied, but I observed some common traits and skills: 1) Risk management Don't bet the farm. Trade small enough that you'll be able to realize your edge over a large number of trades. 2) Scaling down during a...

And since I do know that - why are you stating the obvious? :)

You do your own, too, buddy. I wasn't asking advice. I was giving it.

I'm fairly sure it's the other way around, but maybe you mixed it up. If you buy a call your risk is limited to the premium you paid while the profit is theoretically unlimited. So, risk can be precisely determined while reward can only be estimated. If you trade outright in a liquid market...

The best advice you'll get is to give up. Put your money in an index ETF instead and do something else with your life. Trading is a hard way to make money and it's most definitely for the few. The odds are you won't be one of them.

Since you have a mathematical result leaving minimal space for opinions would you care to share those numbers? Humbly, if you know that your approach using AI is (more) profitable, why would you even need to discuss it publicly on these boards with people who may not even know the first thing...

The forever bull market is taking a breather in early 2024. :) Nothing dramatic yet, but enough to blow up or put a dent in a leveraged long-only strategy without stops.

Seemed a bit more dramatic than mere profit taking, but what do I know... :)

It's not clear to me what you mean by 'this market'. Again, if you're referring to the last 8 weeks, that's a mighty short sample size to infer anything. And prior to these 8 weeks, there were several down weeks that were not an instant V. If you don't see that, I don't know what else to...

Can't go wrong going long. :)

By the way - any news that triggered that late session sell yesterday?

The market's still in uber-bull mode, so any meaningful down moves might have to wait until next year pending any news in the interrim.

Hungry dip buyers showed up...

Why not? What changed? One could argue that the stock indices have never sustained any meaningful moves down, so that's not anything new.

LRS here at 75.50. ES should close below 80 today. :)

I'm back at my computer and now see that ES closed down - 1.46 % and NQ down - 1.51 %. That's considerably more than the 1 % down day you seemed to suggest was unlikely only a few hours ago. Which is why I'm asking if you're trolling or not - as you don't seem to have your facts straight. The...

Could be. Would have been nice to have a crystal ball... :) In my experience, very few if any can predict the markets medium/long term with any type of consistency and accuracy. To be clear, I'm not calling for a market collapse or anything to that effect. In fact, just when this rally...

ES down -1.23 %. NQ down - 1.37 %. Are you having an out of body experience...? :)