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It can be profitable because I am averaging down based on the probabilities of PA patterns PANNING OUT AND on the general context. And positioning myself for either scenario happening. Look at my journal on yesterday’s trade and you may want to look at the trade the day before, that is March...

Usually there is more than one way to interpret and trade PA. All can be valid ways. Below is one way to trade Friday’s March 20th’s PA based upon looking at it as a bear channel on a 5 min overnight chart. Maybe tomm I can show some ways to read this price action and place trades. Based upon...

Fear of losing is what gets folks hyped up to where they panic or can’t think straight in the heat of intraday trading. 1) I would suggest know your strategies and tactics well. That will give some needed confidence. To know them you have to practice them live. 2) Test them over and over...

Vicente it is most definitely a white buzzard event. Black swan is too nice.

You mean like the QQQ blew up?

Here is another trade taken this morning averaging down. Got to go clean some fish and till the garden. Will explain later. Profit $1626.25 before comm.

This is what happens in markets that are dominated by computers and their algo's. They sell...sell..sell no fear from the machines just a mechanical selling and buying causing huge swings as they all struggle to adjust their algos, come up with new ones, and make sense of what is happening but...

And so another one. Got caught in the riptide. Somebody else did the scooping. Them boys are after each other. Not us. They care less about us. We mean zip..nada..zero to them boys. They after each others dinero. The big bucks.

Like I have said several times before the bears and bull institutions battle it out each with their own strategies and they are the ones that move the market. They constantly bet against each other. At all times and at every moment all day long there are bearish and bullish institutions fighting...

So what was he supposed to do? What would you do if you were in his shoes? Hold the stock?

ROFLMAO you guys gotta lay it on super two 007 super so hard?

Hilarious

March 19,2020 Haven't posted anything for a while in this journal. However, I thought it might be interesting to some of you concerning the technique of averaging down in such volatility we have been having. First I would like to make clear that it works the same as in lower volatility...

Dozu888 your assumptions are faulty thus your conclusions are wrong, IMO. While you are guessing that the bull will continue after this corona virus thing passes and your guess has a higher probabilty of being correct as opposed to being wrong, the mechanics of why this will probably be so is...

ROFLMAO

Dozu888 is right that the markets are going to roar back and IMO we will likely see new ATH’s. The difference we have is WHEN. I don't think it will happen until the corona thing is perceived as over, and under control. That has not happened yet.

And you are welcome to your taxes and your gov telling you who and when gets treatment..lives or dies..

LOL you sure you don't mean NO EARNINGS RUN?

https://nationalpost.com/news/canada/canadian-press-newsalert-federal-government-promises-1-billion-for-covid-19-fight?video_autoplay=true Furthermore, Canada is BEGINING to take steps for social distancing that the USA is ALREADY doing...

1) He will be re-elected with a landslide 2) USA has done its fair share helping the world. Much of the rest of the world has not been such “good world citizens”. 3) We might embrace universal health care one day but it won’t be anytime soon. And when we do quality will suffer. My...