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You said long signal below 34, now you changed it to below 32, if it goes even lower, does the long signal price get lower? :confused: Yeah, that's right, with paper trading, stops are unnecessary!

I believe it is true. His calls are made in real time. It is there for everyone to see. The guy really knows how to trade intraday, and has a very good feel for how the market moves.

The thing Jim Rogers doesn't tell you about investing in commodities is the negative carry because most commodities are in contango. To beat that handicap, the spot price has to go up a significant amount every year. Commodities futures were not made for investing.

Homework, LOL. I just went through your last few posts, I don't have time to go through 5000 posts.

So true. I think the Jellies are get rich quick people who don't want to put in the work themselves and are looking for shortcuts or the holy grail. The one thing about trading is that there are many different ways to make money. But for most people, human emotion and psychology get in the...

Hahaha. If you call enough bottoms and tops, you will be right eventually. Its like those forecasters that come out on CNBC, they make all these predictions, and the more, the better. Eventually some of them will turn out to be right and then they proudly tell the public: See, I told you so!

I agree about the long term commodities view, but I think you'll get better entry points in December for a long term investment.

[B] You also said to get long on Monday right before the market got whacked for another 25 points from that level on Tuesday and Wednesday. [B] Yeah, you should get a newsletter. You ignore your bad calls and point out only your good ones. :)

From March to middle of October, you could buy dips and be assured of being bailed out because the dips were brief and market kept going up. Only problem is that stocks have gone up so much and are overvalued. The value investors, insiders, secondary offerings, IPOs, and private equity...

Yes, this is turning into a head and shoulders formation, the one in July failed right after everyone noticed it. Thus, it makes this formation much more likely to succeed, after a failed head and shoulders. Plus, we've got the complacency and the price action to back up the bear case. I...

What? Are you telling me that this is a slow market? VIX is back above 30, we drooled over readings like that back in the mid 2000s. This has turned back into a very good trading environment, 2008 was a fluke, a one in 50 year flood. If you are basing your trading strategies based on what...

Yeah, ES is one tough mother to trade, but if you want to get to the truly elite level, mastery of the ES is a necessity because of the scalability thats available. IMO.

I agree up to last week, but this week volatility has returned and things are starting to get interesting again. Sure, we were spoiled by the insane volatility in 2008 and up to March of 2009, but this is still a much better market to trade than any time between 2004 and July 2007. The days of...

I've got the same view. This correction is going to last till December and then I think we violently shoot back up in January. Right now, the sentiment is still too bullish and we need to get more bears on board before we make another assault higher.

Isn't trading about making educated guesses? If no one had a clue, there would be no such thing as an "elite trader". I guess markets are random, hahahaha. You should read that book, A random walk down Wall Street. A good source of fuel when you run out of firewood.

I always adjust. I think we will rally next week, but not this week. People are looking for that end of month rally to bail them out of their underwater longs, and its probably not going to happen. I expect a reprieve from selling tomorrow and then further selling on Friday.

I have no intent and no interest in generating revenues from my site. I generate all my revenues from other sources. And I thought I was cynical!

From yesterday, I am glad I don't follow you...or maybe you can be a good contrarian indicator.

I have no plans for compensation through payments or ad revenue. It helps my trading to put my thoughts in writing. You can look at my site, there are no ads. I also wanted to get some discussion going on my blog so I posted the link here. I won't put up the link any longer because I was told...

I have on my blog, but I'm told I can't link it on this site...anyway. The basic message is to get bearish....