Search results

As long as the LOD holds - odds are approx. 80 % we'll close above 69.

Looks weak, but the odds of a new low are slim. Long 59. Stop 53.

A good and complete system have mastered all market conditions, so it doesn't need to change. IMO. Yes. All this is important and it's easier to be disciplined and keep your emotions in check if you have a system with a positive expectancy and know what you're doing with confidence. I...

@Buy1Sell2 was bullish on the entire downturn. Not sure why, though. :)

There was no mention of a successful methodology or system in your list. That's requirement number 1. :)

5. You make money. :)

Really? Care to explain that?

I won't comment on specific members, but there's been plenty others who said similar things. I'll personally admit that I did not see this happening myself in March, but a few months back it started to seem quite likely from a technical perspective. It seems like many posters more easily bets...

It may not happen tomorrow, but I believe it will happen this week, yes. The curious question is what happens when we get there. Will it get sold or will the S&P start printing new highs too? Just like Nasdaq?

Curious. What's your daily target?

I don't have sufficient knowledge on the subject to make a comparison with options. Maybe someone else could chime in. Did you plan on hedging NOW or at some specific level/time in the future? As mentioned - an alternative could possibly be to have a stop sell order resting in the market which...

Missed the Week High by 3.25 points, but this post made prior to Wednesday's Open shows that a market's major direction and range can be forecast and predicted. :)

There's a lot of scams and unsubstantiated claims in the educational business. I'd say it's the rule more than the exception. Most newbies seems to want to believe only too easily and are easily impressed.

+ 2 ticks on the day, so pretty much a scratch day. Messed up on the Open today going long too soon and stopped myself out on that deep pullback. My profits were used to pay for my losses. Not much to do from here as I'm flat and we pretty much hit the weekly upside target. The rest from here...

3345 tagged. ;) This could be it, but I'm betting we'll see 3350 by the Close.

How so? :) Looks like a scratch day for me so far. Well. Generally, the odds for that are about 10 %. Outside Days are rare too, but we had one yesterday.

Inside Days do happen - but would be odd to not at least see 3345 today. Decent swings both ways today.

This one made me chuckle. https://www.marketwatch.com/story/bank-of-america-strategist-im-so-bearish-im-bullish-2020-08-07?mod=home-page

Well, I have to disagree there. Trading - and especially day trading is a 100 % performance based activity. At least for the discretionary day trader. You're pretty much successful or you're not. No middle ground. What you kill is what you eat. Literally. In every other job I've had the pay...