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Not acting well last few days. I wouldn't short PCLN here, but would definately lighten up on position size or just dump it all and look elsewhere.

If you are talking intraday, I have got no idea. Intraday always seemed too random for me, although I know some can trade it well. I just find the chart very strong, but good luck.

There must be weaker stocks out there though if you want to short. Good luck.

PCLN is looking very strong here. I expect it to at least test the previous high at $1476. Could see this running to $1600 or higher over next few months.

Are they overvalued? Perhaps, but isn't almost everything at the moment. Putting fundamentals aside, I like the chart.

Looking strong. I am expecting a pop to at least $62 very shortly.

I regognise that there is some ambiguity in the first post. Just to clear things up for ya. I don't imply any order of importance by numbering 1 to 5. To me they are all essential for long term success. By high probability trade, I mean a situation where the odds are in your favour before...

1. Know how to spot a high probability trade. 2. Have a well thought out plan to enter/exit a high probability trade when it occurs. 3. Well thought out risk management strategy. 4. Discipline and patience to sit on hands until high probability trade sets up. 5. Discipline to execute entry...

Perhaps one day I might re-evaluate. For the moment, it feels like the right conclusion. I really feel, and all my experience has backed up that the money (in stocks) is made on the long side.

Yes, wise words! I have always known this to be true, but for some unknown reason have been fighting against this for quite some time now. It's about time that I take that to heart and stop making things more difficult than they need to be. Thanks.

Short WDC from the close yesterday. This is typical of my experience over the last year. Would have made money shorting any of the indexes instead of messing with individual names.

I tend to do far better going long individual names than I do the S&P. When it comes to shorting, lately it's the same disapointing story that plays out over and over. I have good reasons to believe that the general market is going down, I select the best looking short candidates, then sit...

If you are very picky about what trades to take and can handle the boredom of waiting and waiting till the right trade comes along, then you would be surprised just how little you lose when it doesn't work out. Did I just jinx myself? Hopefully not.

What a difference a week makes. Perhaps the fear was there last week and I for some reason didn't perceive it. I see it now. IMHO we are not too far from a bounce.

Whilst I acknowledge that the market tends to fool the majority. This drop in the market since the start of the year feels different somehow. There wasn't the same degree of fear (the rate hike already had happened and the markets had seemingly brushed it off) as previous drops and it almost...

Sometimes you hear of fat finger trades blowing up accounts. Has anyone ever put on WAY too much size by mistake and been hugely in profit by the time the mistake is spotted?

As a second, there is no point optimising your trading method for maximum profits if it that method takes you outside of your level of emotional competence to the extent that you cannot guarantee that you will be able to execute.

money, method, mind

One of my favourites is: "What everyone knows is not worth knowing"

It's the CONTEXT stupid.