The NO. 1 Secret Of Success In Trading

schweiz said:
Let me guess: you did the same today in the bear market.

Went short this morning and took your profit. So made your $ for the day. :D
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Nope. No trade today for me. Thanks for concern. Sitting tight for the next opportunity.
 
schweiz said:
Let me guess: you did the same today in the bear market.

Went short this morning and took your profit. So made your $ for the day. :D
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Straight from yahoo finance today 4/6/18 “The trade war is here - prepare for a bear market”. I told you this is the beginning of a bear market 2 weeks ago. As matter of fact I told everyone here on this board when I made a thread about shorting the market months ago. You fellas about to feel real pain in your 401k soon.
 
vincentnyc said:
Straight from yahoo finance today 4/6/18 “The trade war is here - prepare for a bear market”. I told you this is the beginning of a bear market 2 weeks ago. As matter of fact I told everyone here on this board when I made a thread about shorting the market months ago. You fellas about to feel real pain in your 401k soon.
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As usual - when news reach general public and everybody become convinced in something - opposite will happen. Think Brexit, US 2016 Presidential Election.

There are two rules about market crashes:
- Market crash never happened on Friday's;
- Market crash alway unexpected.
 
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stepan7 said:
As usual - when news reach general public and everybody become convinced in something - opposite will happen. Think Brexit, US 2016 Presidential Election.

There are two rules about market crashes:
- Market crash never happened on Friday's;
- Market crash alway unexpected.
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I said this is the beginning...hence black Monday next week.
 
schweiz said:
The NO. 1 Secret Of Success In Trading: excel in problem solving.
Knowledge is not the key to profitable trading. Problem solving is.
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Information and knowledge are not the same. You need to problem solve to get real knowledge.
 
DeadCat22 said:
Information and knowledge are not the same. You need to problem solve to get real knowledge.
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This becomes (like always on ET) a discussion about definition of words. So I will not start a new one as it is useless. I think most people understand what I mean in my posting.

You cannot problem solve without having any knowledge. You need "something" to start problem solving and that "something" is knowledge.
Compare it to: what was there first? The chicken or the egg?

Knowledge is knowledge, basic knowledge, real knowledge or advanced knowledge are all knowledge, but an different form of the previous level of knowledge.

What do you need: real knowledge or useful knowledge? We can start an eternal thread discussing about the difference and what you actually need.
 
vanzandt said:
Thats a pretty strong assessment of things. On what do you base your statement? I hope not the recent volatility. You can lay that blame squarely on DC. Bull markets have corrections. In the first 40 days of 2016, the S&P lost almost 14%. We all know what happened next.

Earnings are strong. Worldwide growth is decent. Energy is stable. Unemployment is low. Housing remains strong. Consumer confidence is up.

We live in the best of times. Barring a major geopolitical event with the West vs. Russia.... buy quality growth stocks on the pullbacks.

And all that being said... why do you care anyway? If you're making several trades per day your time-frame is hours, not months. Short when they head down.... buy when they go up. Flatten out at the EOD. Easy as that.
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NO ONE knows if this is the start of a bear market or just a correction. It some way it doesn't matter to us as daytraders! But one thing for sure is that volatility is much higher in 2018 than 2017.

I think that's a good thing if you know how to trade...
 
schweiz said:
This becomes (like always on ET) a discussion about definition of words. So I will not start a new one as it is useless. I think most people understand what I mean in my posting.

You cannot problem solve without having any knowledge. You need "something" to start problem solving and that "something" is knowledge.
Compare it to: what was there first? The chicken or the egg?

Knowledge is knowledge, basic knowledge, real knowledge or advanced knowledge are all knowledge, but an different form of the previous level of knowledge.

What do you need: real knowledge or useful knowledge? We can start an eternal thread discussing about the difference and what you actually need.
More...
U a philosophy major or something? No chicken and egg stuff plz. You lost me. You need to know what's important in the markets and what's trivial. Many things in the market, i.e.: information, are trivial. Stick to what's important. savvy?
 
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