Sumo

Building this with people who already know what's broken. Which rule would you unplug?

I don't mind buying these former ATHs in $INTC for a short term trade.

I wonder how many firms will look into issuing clawbacks regarding fraudulent affiliate marketers? @traderkane

Lottery ticket sales/demographics will tell you a lot about retail prop firms.

The secret to trading is having an account large enough that you can average many times into a losing position and eventually never lose.

Easy fix for the affiliate prop drama: your affiliate pay cannot exceed your own personal payouts minus your spend.

Am I silly for trying to short this today?

Midterms propaganda hitting the timelines.

15+ years in, still the same standard insurance-lite ponzi prop models. I keep hearing about all this innovation, but the models are all still the same.

Former ATHs are important. If you didn't know, now you do.

Prop firm labs: Firm needs to bring in more revenue to float its liabilities from prior month. Customers aren't responding to the current offers, so the firm creates an unsustainable offer (for the firm), with limited capacity, to bring in more revenue, to pay the liabilities. The insurance treadmill prop models march on...

Right before midterms. Coincidence? Nah.

Are we having fun yet?

I wonder if there is a place where you can learn my knowledge base exactly, and how I think about trading...

Should I do more of these?

RTH levels don't mean anything. A daily chart.... They will drop down to 1 min charts to try and get this level of accuracy. Then they snub their noses when you try to help them simplify.

Personally, I think you should never use the term "delivered" when discussing how price moved. Keep it simple. Just say it traded to or from. "Delivered" makes it sound like price was liberated from something, or worse, an evil conspiracy against it.

People tend to talk bad bout support and resistance. It's almost always because they don't understand trend progression and how to use levels properly. 1. a swing is made. 2. 1 is rejected. 3. this test again should be expected to push higher. Why? Because trend exists, and it has logical rules. When it starts failing, you should recognize that the expectation is failing. Recognizing this, should immediately allow you to activate "inverse thinking". If not X, then Y. (if not a new high, then a new low).