Dentalfloss
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P
postman
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Low 6,186.47
My mistake.
Not bad....
P
postman
Melbourne to re-enter lockdown for six weeks
counter_violent
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Not much jump jump going on !
john jackson III
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Financial analyst Gary Shilling says the stock market could see a 1930s-like decline
Financial analyst Gary Shilling warned history could repeat itself with the stock market poised to tumble again like it did in the early 1930s.
vaughanv
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Gary has a 38% correct rate. May as well toss a coin a few times. Yes, he was once great with a few good calls when the Dead Sea was still alive, but like so many market prognosticators he has also fallen into the trap of wanting that giddy feeling a fawning media once gave him.Financial analyst Gary Shilling says the stock market could see a 1930s-like decline
Financial analyst Gary Shilling warned history could repeat itself with the stock market poised to tumble again like it did in the early 1930s.www.cnbc.com
vaughanv
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If you feel the need for a guru in your life (because the tea leaves don't work anymore) then here is a good list with rankings even. Curiously the best rated one only has a 68% accuracy rate.
Gurus ranked
Gurus ranked
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68% needs to be a benchmark here, i don't expect anything less from the group here.
john jackson III
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"Only" 7/10 called correctly? That's godlike level
How many magnitudes better is that than 50% coin flip?
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postman
This video must be older than him because he talks of an L shaped recovery and we already have a V shaped one in place.Financial analyst Gary Shilling says the stock market could see a 1930s-like decline
Financial analyst Gary Shilling warned history could repeat itself with the stock market poised to tumble again like it did in the early 1930s.
john jackson III
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i shorted NQ here..
vaughanv
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Price, stop and target please.
john jackson III
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Dentalfloss
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Into the open
Dentalfloss
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vaughanv
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Well, I have this idea in my head of a co-operative environment in which traders help each other become better, more profitable traders by helping each other.
One way to do this is to state your entry, stop and target when making a call. Doing so will make a trader think twice before lurching into an impetuous trade. A lack of self-control is a common trader foible. By instilling some self-discipline even an alcoholic can become a better trader.
Or we could continue with a toxic environment in which nobody gets better and people's contributions are derided. Snide remarks and responses are to nobody's benefit, if only serving to show people's true character when they afforded the illusory protection of anonymity.
It's up to you...stay as you are or better your game.
One way to do this is to state your entry, stop and target when making a call. Doing so will make a trader think twice before lurching into an impetuous trade. A lack of self-control is a common trader foible. By instilling some self-discipline even an alcoholic can become a better trader.
Or we could continue with a toxic environment in which nobody gets better and people's contributions are derided. Snide remarks and responses are to nobody's benefit, if only serving to show people's true character when they afforded the illusory protection of anonymity.
It's up to you...stay as you are or better your game.
john jackson III
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out...looking like a small pop on openwhy lol
stop: little higher
trgt: little lower
john jackson III
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fair enough. i have placed trgts, rarely stops because i want to see the PA play out a bit on that hard right edge. I have an idea for the stop in mind, but i frequently change them on the fly ...due to the action that plays out.
Is this approach wrong?
vaughanv
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Yes, it's wrong; the worst possible in fact.
Imho a good trader has a methodology based on the instrument's nature, eg. I place my stops 10 points away on the DAX but 20 away on the SPX. Some people adhere to the ATR indicator because that takes intraday volatility into account. It is also best practise to immediately enter a placed stop asap after entering a position. Mental stops are a fool's paradise.
