Quote Originally Posted by Sanlmar View Post
I am in your camp more or less Krypt. That uninterrupted rise off the lows in the SPY spelled retracement for me. Whatever. I was calling for 15,000 Dow. Didn't bet it. Just a scenario I thought was likely.

But like Daly said, you weren't gonna trade this interest rate forecast. Have a plan when they deal the flop. Then you have all kinds of action to trade. Trade what you see. Don't guess.

Daly would make a great trader. Not b/c of his success rate with props but the way he approaches risk. Translated, he knows how to gamble. He would develop a good trading strategy pretty quickly. It ain't rocket science.

Unfortunately, it sounds like he has a day job. I would love to know his routine for selecting props. I mean he can't be spending hours a day. This would be gold.

Keeping the thread on life support.
I wouldn't hand out much praise to me, seems like Krypt is looking spot on so far. Only thing is this could be more a take the elevator down in a bull market stretch. We break $199.50 in the SPY I'm going to be worried though ESP if it happens slowly.