Perfect example of why S&R is just plain wrong analysis.

danielc1 said:
There is story about a floortrader .... In retrospect, he just ride his winners and cut his losses quickly. Moral of the story? It doesn't matter what you use for predictions in trading, as long you follow the sound principles of trading.
If, that is true, why would you spend all the time in the world on trying to find a system that could predict what is going to happen? And when you find such a system, trying to convince others that this one is the best? There is no money in being right.
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LOL, strangely those KO bottles sell for big buck$ also to some dealers.
But really looks like that trader valued a TV remote more than $50K ;WXY does not .
Back to the charts-trades + investments;
IBD says skip the TV watching, but he enjoyed his market work...........................
 
wxytrader said:
Well I don't look at making $1500 in a week...I wait in the weeds for the long run.
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I don't know when the long run will be, so I trade what the market will give me.
You believe that BTC has another wave down so while you are waiting I'm in the market employing my capital. A little bit here, a little bit there all adds up at the end of the year.
 
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deaddog said:
I don't know when the long run will be, so I trade what the market will give me.
You believe that BTC has another wave down so while you are waiting I'm in the market employing my capital. A little bit here, a little bit there all adds up at the end of the year.
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I may leg into an ETF like bito or bitx at this point.
 
wxytrader said:
All you bozos would have drawn a support level here, but only an EW would know what is really going on. :)
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What's this bozo rattling on about (again)? I said Bitcoin was going down to 50K long before you, didn't I? So what's the problem? :sneaky: :banghead:
 
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