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Voila! :) Needs to clear the Open and the morning HOD - if we do, I would assume we get some continuation, but not sure about the upside today. Maybe 4480 for a conservative target.

Voila. :) Stalking a long entry here. 4448/50 or higher depending on which triggers first. Not very confident there's much juice to the upside today, so need to see some upside momentum for confirmation. This day could easily roll over and reverse yesterday's gains.

Primarily looking to fade this (short) if we open up with a larger gap. The key for continuation higher is to hold around yesterday's high if we open in that area or pull back there. A gap down open would be an attractive buy for at least a gap close. In my humble opinion that is. :)

Not a top call, but it's worth keeping in mind that markets always appear the strongest near a top as late buyers and the crowd are rushing in. You can rest assured that plenty of people bought the very top and are already in drawdown as the market is now pulling back pre-market. The type of...

Well, to be honest, I don't share that view. From my perspective it's just prices moving up and down for reasons that I don't know and don't need to know. Fundamentally, prices move higher because money is flowing into stocks and vice versa. I'm content with that explanation.

Sorry for your loss, but if you're investing and feeling bad about being underwater within a 2 year period I think maybe your time horizon is too short for an investor. If you're able to hold I'm sure you'll be fine.

4450 tagged. = ) I don't see why it can't go further, though. Say 4465. Your average trend day up typically (80 %) prints the high in the last hour and there's also some other observations which suggest this have more up side today. Personally, I wouldn't have entered a long here as it's a...

I think the obvious answer is that if you don't have a reason to expect making profits as a short term trader, then don't. And invest instead. Losing money in the markets is a choice as you can always choose to not trade.

Correct. Last year was a net loss both for buy and hold and for 99 % of would-be day traders. :) However, since buy and hold typically is un-leveraged it probably was not a realized loss for long term holders of equities.

Any particular reason you're asking this here and not contacting NT directly...? I think these are the available products through their own brokerage: ninjatrader_futures_contract_details.pdf

It's a trend day until it's not. My educated guess is we'll see 4450 today.

Since I like numbers, let's take a closer look. 1) Buy and hold so far this year using e-mini S&P 500 futures which trades at $50 per point. Let's assume a $15K account (maintenance margin at CME is $ 11.200). Long the Open on the 3rd of January at 3881,00. Using today's closing price of...

Are you asking what's most profitable in theory or in practice? LOL. :)

I'm sure it's fairly common both in life and trading to attribute results to skill when doing well and to back luck when doing bad. That's a luxury one may get away with in many other walks of life, but I think one needs to be brutally honest with oneself in order to succeed in trading. Unless...

And there you have it... :) Could still be random even if you have a reason for it.

And if someone nailed down the quiz or otherwise showed amazing results trading from charts - the OP would also claim it was just luck as he already made up his mind. Confirmation bias is not reserved for the uneducated. This thread is a waste of time.

Take a look in the mirror first, buddy… You’re the one acting hurt and throwing a tantrum just because your claims are not met with uncritical praise.

You elicit quite a few good laughs yourself.

This is easily one of the best posts I read on ET in a long time and should be stickied or archived in the Hall of Fame for newbies (including a warning about not even attempting to learn (day) trading on their own unless they're prepared to spend at least 10 years with slim chances of success)...

Interesting with a thread where the OP asks for advice from former professional traders and several replies are from people endorsing Al Brooks (an eye surgeon turned vendor, i.e., salesman, and not a professional trader or with a professional trading background).