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personally i think the brent crude will tank and CL will follow (however the Canadian wildfire situation will keep CL prices from dropping as much as brent). Probably a good spread trade there somewhere.

Good prices presumably means lower prices.

http://www.cnbc.com/2016/05/07/saudi-arabias-oil-maestro-exits-as-young-prince-flexes-his-muscles.html Will have a big impact on prices tonight.

U disagree?

Take half of your position off at target. The rest you can use a trailing stop. Your equity curve will become more volatile but your long term profits will be far greater.

If Brexit does happen (i am voting for it, but i don't think it will happen), the impact of the 2nd largest economy in Europe (people seem to forget that the UK is the 2nd after Germany) leaving the EU will probably finish the EU off. A new EU could then be formed, perhaps purely as a trading...

I suspect that profitable day traders make all their net profits for the year from less than 10% of the days that they trade.

U can do day trading in one acct, swing trading in another, longer term stuff in another, etc. No need to restrict oneself. ...I try to change my style (of investing) to fit the conditions ~ George Soros

you can easily do analysis using excel.

this may well be the major decline bears have been eagerly anticipating. which is fine with me since i'm short :p

boj statement etc overnight...would expect volatility tomorrow...

what nonsense.

Probably teach you how to trade than vice versa! I've always thought that a five year would make a better trader than 90% of adult traders. After all, just show a kid a bar chart and ask them what the trend is, they will point it out straight away!

Sounds good to me!

Yeah, Q3D really has it in for poor Al! Hey Q3D, what on Earth has Al done to you?

Fascinating. I did exactly the same thing and became wealthy.

I'm just gonna follow the current trend and continue to go long today. If and when the trend changes to down, i will go short.

Yeah, but he's typical in his thinking I.e. they are right and the market is wrong

No. I talked to someone yesterday and he was adding even more shorts!

Purely anecdotal...but...I know of so many traders, including some professional hedge fund managers who are heavy (and i mean heavy) short the stock market. I don't know anyone who is bullish the market, everyone says it's gonna drop. Kinda tells me that maybe, just maybe everyone has sold and...