China wants our farmland. NOT ON MY WATCH!
I SPONSORED LEGISLATION TO STOP CHINA AND OTHER ENEMIES FROM BUYING WEST VIRGINIA FARMLAND!
This protects our farmers, our heritage, and our national security.
Keep our land. Keep our freedom. 🇺🇸
#AmericaFirst
The Indians play for a berth in the state title game this morning. Bridgeport vs. Ripley with the first pitch at 10:00am from Huntington. Hear the game from MetroNews on 1033 KMZ or the Bridgeport Sports Radio App starting at 9:45am
SpaceX will IPO tomorrow at $135, likely will run to $160 - $165 after the open
Extreme push could get it to $200
But if it reaches $200, sell, sell it all
Because it will crash below $135 next
Do not be surprised to see it at $65 in 9 months
@ohiain 1 Timothy 4:12 is your fruit young man. It’s pretty cool that God can use a 21 year old to give insight & wisdom to the old guys in the room. 🙏🏼
No matter what one's approach is to active trading, being charts or numerics or macro or fundamentals of all kinds, realize that any approach will be in sync with markets sometimes and out of sync other times.
This is the reality.
I do not trust the trader that says he/she constantly knows what kind of markets they are in and switches up accordingly. Nor should you trust them.
Some traders try to force their trading upon markets when their approach is out of sync.
Then there are times when a trader is out of sync with his/her own trading approach and forces trades that are out of their sweet spot.
Then there are times when an approach is out of sync with markets AND the trader is out of sync with the approach. Most accounts get rekt when this happens.
Mature traders develop an instinct about the compatibility of their approach and price discovery. During these times they stick with their approach, but emphasize risk control even more than normal.
Of course, mature traders think more in terms of risk management than trade selection. I know that anyone who emphasizes trade selection to me is someone I do not want to listen to.
I do not change up my approach when it is out of sync with price action. These periods will pass if I stay with my basis approach, which has not materially changed in decades.
Recently someone sent me a speech I gave before the MTA (predecessor of CMT) some 35 years ago. I could give the same speech today as representing my approach to market speculation.
My recommendation to aspiring novices or those who cannot gain traction is to develop an approach based on common sense (not smoke and mirrors), bet small, and improve it incrementally.
Only after several hundred trades using the same basic approach can you start running Monte Carlo simulations to determine if you have an edge.
Trading is a marathon, not a sprint.