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So, if the whipsawing market is rising against your short, non-profitable position, then you reverse??? :rolleyes: Oy.

Certainly, there are many traders who fail (maybe *most* traders who fail??) at doing the proper analysis, but it's extremely *easy* to do a workable walk-forward analysis of a rules-based trading regime. (And perhaps that's where I lost the context here?) There should be nothing on your market...

Starting from a blank slate? Well, you need to know about the markets, and you need to develop your own skills. For the markets, put up 3 graphs: 4hr/1min 1wk/1hr 1yr/1day. With price candles and volume on the bottom. For skills? Compute a Simple Moving Average and an Exponential Moving...

If only to be knowledgeable when somebody asks, "Have you read McMillan?" And you can say yes. He's a standard. He is a smart guy, and wrote a seminal book. But it's not the be-all-and-end-all that it is sometimes made out to be. (FWIW, I would get a cheap used Options As A Strategic Investment...

"Finding an edge" means finding something to exploit. It means finding the fishing hole that others have passed by, and sinking your line in there. That hole may be crowded tomorrow -- what are you going to do? If all of your lures/hardware are optimized to that particular hole, how well will...

The record has been spinning too long; the music is going to stop. Agility favors those more light on their feet. Time to harvest; time to shop. (Time to check the spectacles and make sure the focus is right!) "Hey! Let's go hire that new Wonderboy over at blah-blah-blah....!"

...in conjunction with where that particular instrument happens to be sitting -- check the same instrument in 18-24 months, and it may be a very different beast.

You are correct about TLRY, but misinterpreted my {scribbled} notes. In January, 2017, I added ACBFF 1.71 -- which sits at $6.77 today. :D STZ took an interest last month and popped to $202 -- it's $209 today. TLRY hit the news at $27, and is $64 today. CGC hit the news at $30, and is at $46 today.

Personally, I think (as a community) that traders of all stripes have to quit thinking of "The Market" as a fixed regime, but more as a slow-moving weather system that, 6 months from now, may present a different trader-facing climate than had been seen in the prior 5-10 years. Not to hijack the...

:confused: Oy.

2-3 years ago, I was asked to prepare a sub-fund for cannabis -- an article had come out extolling the new industry to be, and named several tickers that (then) jumped in price. They were: BUDZ 3.38 GWPH 128 -- now $146 HEMP 0.0380 MJMN 0.1155 PHOT 0.0122 PNPL 2.52 Those tickers were 50% about...

https://upongamebook.com/ A cute, if self-indulgent, read.:cool:

I'm going to disagree: noting that this "OTM 231 P 'fly'" is a vertical put spread nested in front of a put butterfly, I have had any number of nested positions stacked up from responses to a ranging market. I monitor them with a tailored BSM PDE set-up that uses (IB-TWS) platform-provided...

You are correct, and wrong. If your mind is not on trading -- on the market -- then you will be handicapped by the loss of that portion of your brain not devoted to the task at hand. You are absolutely correct in that. But if you think that having your bills paid will save you from the...

Arrow has been a factory-authorized builder for the big boys for a million years. This "store" is in Colorado, but they have a place here that's in a former Westinghouse appliance factory, to give a clue about scale. :wtf: It ain't nobody's local shop.:rolleyes: I'm not in the market, but I...

As humans, we tend to get "captured" by the data in front of us, thinking that 'all that matters' is right there. But you've printed out a much further graph than the May jump or the post-May 'soar that captured you: you've printed out a winter decline, and a Groundhog Day plummet. (This, then...

I'll admit, that if I can't sell time, I'm not really that interested. (As I watch tomorrow's long S&P 2915/2920s die an ignominious death :(... If I can't get some IV distance above HV to justify selling time, I'm going long/short on the underlying, and not wrestling with decay, period. Makes...

A superb summary in three sentences. FWIW, it sounds like you got off light: you realized that it *was* poison, and escaped. Way big :thumbsup:.

Then I would've been dead 12 years ago, and each year from then til now. Jeez. Another one. Exactly what I said in an earlier thread today: the people who think you can't trade if you 'need' the money, and the same whispy souls (like this guy, below ↓↓↓) who demean paper trading as having...

I used to tour every one of these schlockmeisters who came through town -- I'd eat their cookies, drink their coffee, and silently correct the errors, lies and myths in the presentations -- definitely worth an hour or two, if the cookies hold up. Haven't seen any in a while, but got a note from...