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It's too bad he's gone, I always had a lot of respect for him and wish he'd been president. Seemed like a level-headed honest leader. I posted that in this thread last year. https://www.elitetrader.com/et/threads/trump-is-100x-better-than-biden-pelosi-for-traders.348121/ Anyways he was one of...

MARA was great today, occasionally COIN BTBT RIOT are good too...

Anyone know what time BITO will be available for trading tomorrow? I called fdly but no answer. Should be very volatile. I don't want to be late to the party

Right.... it's volatile times. KOLD was good

starting to look tasty

KOLD UVXY my fave swing picks (not a reco)

And yet I'm right again. Dow futs red today as expected. Though just a bit, -120 at 6:35am ET; could flip green later. Will scale into inverses UVXY TZA KOLD if they run.

Right... and like I was telling my family today, the problem is that the general public often believes the YouTube bullshitters.... especially millennials, because like other con men and women, they sound convincing.

i routinely have profitable days being wrong >50% of my trades, but i get your point...both are the goal, win rate & profit :D

what day does bito open? oughtta be fun if liquid

here i am down the road 20mins at quail lake, colorado springs, scenic. nice to get away from screens

Really????? If I make money that's ALL that matters. Profits. I'd rather trade a system with a 1% win rate that's net profitable vs a system with a 99% win rate that loses. I trade to make money. Percent win rate is unimportant. Net P&L is all that matters.

Dwayne Johnson is good, plus big budget special effects. Fun family movie.

Good insights! Here's a question for you, how do you look at range? To me, range is a critical part of evaluating whether setup is worth taking or not, the bigger the range, the more of an outlier chart it is, the better the odds of making a successful breakout or retracement trade. What role...

But, the S&P pivoted off the 50SMA almost every time this past year, so occasionally it's helpful. Usually though, squiggly lines are not.

Good point, SVXY TQQQ gained. Daytrading inverses definitely better than swings eg I was profitable trading UVXY yesterday off 17.6 low. Crude and natural gas prices extended so I'm trading SCO KOLD.

True re both are good to work towards. But from a practical standpoint I think all traders, myself included, have more stops/scratch/breakeven trades than wins. Right? What matters is net p&l. I was profitable yesterday doing dozens of daytrades, for example, but I was probably less than...

I do up to 100ish RTs stocks and ETFs daily. Saving thousands with Fidelity since zero commish. Instant fills and outstanding support. I like tws (I'd rate 9/10) much better than atp (6/10), but to save tens of thousands in commissions I stay with fdly. Fdly support is very smart and...

Lol But seriously, a good question for any experienced trader is re risk management... how do you set stops? And #2 how do you add to winners/scale in? I'd actually prefer to get dests take on it, but scat and others, good topic. :D (mine: for swings I scale in/out at 2day highs/lows, for...

Win rate is totally irrelevant, many of my most profitable days I'm making 30-40% wins. Lots of tiny stops, fast draw shots, outdone by wins whose aggregate profit is larger, is what counts. eg 20 stops at average $50/stop = $1000 loss, VS 10 wins at average $140/win = $1400 yields net $400...