Correction coming? See inverses UVXY TZA SQQQ

[Nine_Ender]

That's the only thing you should be talking about.

#FBears.

When your long positions are speculative plays on mostly money losing businesses it's still basically a bear strategy. Pot stocks got killed the other day ( eg TLRY down 11% ) and Ken wanted to talk about $ he made on a 1% move in UVXY ( 3% with perfect timing ). Sorry, man, that just doesn't sit well with me.

 

[Nine_Ender]

It would be much more educational to post your mistakes and how you planned to correct them.

That would require acknowledging you are making mistakes and losing money. For example, what use is it telling everyone you are buying SCO again when your track record buying SCO is god awful. In fact, it was a great call to fade on here most of this year. Like most traders though, if we are not honest with ourselves we only hurt ourselves and our results. Longer term results depend greatly on how we respond to adversity.

 

[deaddog]

That would require acknowledging you are making mistakes and losing money. For example, what use is it telling everyone you are buying SCO again when your track record buying SCO is god awful. In fact, it was a great call to fade on here most of this year. Like most traders though, if we are not honest with ourselves we only hurt ourselves and our results. Longer term results depend greatly on how we respond to adversity.

I have mentioned to Ken in the past that blurbs about how much he has made on any one day or any one particular trade is of no value without context.

If you read the disclaimer on some of his videos you get a more realistic view of trading.

"The education we provide is for papertrading/educational use only. We do not claim that these are typical results that consumers will generally achieve; generally-expected results are that all active traders will lose money and not be profitable."

 

[Nine_Ender]

I have mentioned to Ken in the past that blurbs about how much he has made on any one day or any one particular trade is of no value without context.

If you read the disclaimer on some of his videos you get a more realistic view of trading.

"The education we provide is for papertrading/educational use only. We do not claim that these are typical results that consumers will generally achieve; generally-expected results are that all active traders will lose money and not be profitable."

I suspect like with many day traders they don't want to know how their worst ideas are doing, Myself, I want to know so I can avoid doing it again or exasperating a bad trade. Even so, occasionally I do it anyways. If I perpetually struggle on a stock, I retire it from my buy/hold list and often don't even track it anymore.

 

[KCalhoun]

Yes, I teach traders based on lessons learned from both wins and stops. Trading is a challenge, the goal is to improve over time.

I was voted #1 for a reason

 

[deaddog]

Yes, I teach traders based on lessons learned from both wins and stops. Trading is a challenge, the goal is to improve over time.

So how does "I really kicked ass today" and "Go Bears" help traders improve over time?

 

[KCalhoun]

By motivating, I hope. Point taken though re more detailed explanations would help. Though I have parkinson's and typing a lot is challenging nowadays. : o

 

[deaddog]

Though I have parkinson's and typing a lot is challenging nowadays. : o

Who have thought getting old would be so much fun. Better invest in some kind of voice to text app.