doom

Overnight · Jan 15, 2020

dozu888 said:
...

bed time..

For your and me both. Sleep well.

MKTrader · Jan 15, 2020

dozu888 said:
schizo wrong what?

anyway, please consider this idea - trade the people first, chart second.

I used to think this way, everything is on the chart, price action etc...until I came up with my own brand of Situational Analysis (R) and that was the eureka moment.... if you only trade the chart you leave so much on the table.

Price action alone simply isn't that good a tool, lots of ambiguity, lots of manipulation head fake etc.... you get some rare chances in a year perhaps you can read some good results, but in a slow bull grind price action is fairly close to useless... and you know I am right.

this is a people's game isn't it, seriously if you trade the people if will vastly enhance your weaponry.

Is this (R) something you're planning to sell or something? I agree about price action, though. The price may never lie but it's not very predictive, no matter which lines, boxes, Fibonacci voodoo, "pure price action stuff" or cartoon drawings you put on your price chart.

MKTrader · Jan 15, 2020

wrbtrader said:
I saw predictions that if Trump wins in 2020...he'll put more pressure on the FED to lower rates...trying to get it to zero.

You can then mortgage a 2nd & 3rd house as an investment in QQQ & AAPL.

https://www.chip.ca/reverse-mortgag...rtgage/reverse-mortgage-for-canadian-seniors/

wrbtrader

No doubt the Yellen/Obama Fed would've done that if they had a few more years.

MKTrader · Jan 15, 2020

dozu888 said:
it's been several years since 2016 I asked the question 'will we run out of shares'.... back then nobody believed me... today I am telling you the clarity is even better because the momentum has picked up.

Do you use any kind of leverage? If so, how did you do in 2018? I got burned badly in Feb. that year when stocks went down like 10 straight days and the S&P 500 had around a 20-25% drawdown. The same happened in December, but I was done with leverage by that point.

_eug_ · Jan 15, 2020

MKTrader said:
Do you use any kind of leverage? If so, how did you do in 2018? I got burned badly in Feb. that year when stocks went down like 10 straight days and the S&P 500 had around a 20-25% drawdown. The same happened in December, but I was done with leverage by that point.

I've stopped using crazy leverage myself as well, and my performance is much better and more consistent now.

dozu888 · Jan 15, 2020

MKTrader said:
Is this (R) something you're planning to sell or something? I agree about price action, though. The price may never lie but it's not very predictive, no matter which lines, boxes, Fibonacci voodoo, "pure price action stuff" or cartoon drawings you put on your price chart.

i aint selling nothing... already published everything in my thread.. 2018 was fine, added more on the dips.

dozu888 · Jan 15, 2020

sigh - anyone called the bank yesterday woulda coulda been richer already.

dozu888 · Jan 15, 2020

it's a race, who calls the bank first.

you call first, the other sheep will lift you up later; they call first, you will lift them... it is that simple.

call your bank... TODAY.

dozu888 · Jan 15, 2020

ok slight weakness into the close today..

if I tell you right now, tomorrow will be another big up day, and it turns out to be true, will you call your bank?

MKTrader · Jan 15, 2020

dozu888 said:
ok slight weakness into the close today..

if I tell you right now, tomorrow will be another big up day, and it turns out to be true, will you call your bank?

If I really thought you were that accurate I'd try my hand at emini futures again (that didn't end well for me). If you're that certain, you should be trading with leverage and cracking into the Fortune 500 soon...