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So give us some context. Or allow me to throw one out there for ya instead. How would you enter without exactly knowing if this is a mere pullback or a full reversal?

Ain't arguing with ya. As I've said, this is the norm in a bubble market and I've heard the same rationale that you're giving in the past. But they all abruptly come to a tragic end at some point. Until then, have fun spouting whatever you want. Be sure to hedge yourself just in case.

But back then, we didn't have the likes of the WSBs that bet against the hedge funds. Some of these FOMOs and the YOLOs on Reddit make trading look sooooooooo easy with their $1M profit per day. If I didn't know any better, I would be tempted to go along as well. Unfortunately, when the bear...

In a bubble market, fundamentals are pretty much thrown out with the dirty baby. It just doesn't work because everyone is so hyped up thinking "this time it's different". This happened back in the late 90s. Again in the late 2000's. And we're seeing it all over again now. So until it tanks hard...

No, it doesn't matter whether a position is open or closed. Even if you have an open position, it should be considered as closed on the last day of the trading day. U.S. Code § 1256 - Section 1256 contracts marked to market "Each section 1256 contract held by the taxpayer at the close of the...

Get yourself TurboTax. Before long, you'll ask yourself why you haven't done this sooner. Seriously, it'll save you a ton of time (and money). Most CPAs don't know crap about trading, let alone 1256. But it's fairly straightforward in TurboTax. BTW don't get HRBlock. TurboTax is much better.

You could enter at these swing low and swing high pivots. It really all comes down to accurate timing. But, in reality, you're more prone to get stopped out because of violent whipsaws. So going back to my earlier comment, it's always more prudent, if not safer, to enter when the trend is...

Dude, do us all a favor and go back to daytrading. Otherwise, you're just gonna go around the circle with this nonstop. :)

Yeah, like I didn't do my due diligence before giving my 2 cents. :rolleyes: So what does it say about traders' failure rate? That's right, it doesn't tell you because there ain't any. Ggrrr... Anyway, good to know you're not part of that coveted 90% yet. :thumbsup::sneaky:

Regardless, why the hell would Saylor give you 2x when he could just buy it from the exchange? It's just mind-numbing to think how some people could fall for this kind of crap. :rolleyes:

Well, that explains it, right there. You're clueless. :) Okay, let me break it all down for ya. So first, why do you need a confirmation before placing a stop? Usually, you place the stop at the same time as your entry. Those who place it afterward (or don't place it at all) means that they...

"Pride leads to destruction, and arrogance to downfall. It is better to be humble and stay poor than to be one of the arrogant and get a share of their loot". — Proverbs 16:18-19

Since FCMs must file their monthly financials with the CFTC, it shouldn't be too difficult to gather and publish this data. But then again, this would just become a self-fulfilling prophecy and only scare prospective traders away. Nobody wants to flock to the futures if 90% end up losing. Or...

Again?? This came up not too long ago. Michael Saylor YouTube ad offering to double your BTC https://www.elitetrader.com/et/threads/michael-saylor-youtube-ad-offering-to-double-your-btc.378333/ Anyway, don't be a gullible idiot. There is NO FREE LUNCH!

I've heard of 3 Bar Reversal, but not sure what 3 Bar Break is so did a little googling. Is this what you're referring to? If so, I don't think so. That looks more like a congestion.

You're just a greedy MOFO :D

Actually, that a very good question. I would think most people will say it's the stops. But I tell it's neither, at least without first considering the background context. Is it a trending market or a rangebound market (or more specifically, are you trading with the trend or are you fading the...

So I see you're like Elon Musk, only without his brain. You just like to talk. :rolleyes:

What exactly are you trading that you must monitor them around the clock? Sleep deprivation is not only bad for your health but it can literally mess up your cognitive ability to think fast, which is absolutely critical as a trader. My advice is that if you are so stressed out about your...

Oh, hell yes, they are. With every one of them trades, you see coins flying everywhere! (C'mon, lighten up. You knew half of us were dishonest SOBs already. :sneaky:)