This year has been a tremendous year of growth for me, my trading… and this room. Looking back at the start of the year, I do not think I could have even imagined how far we would come this year. The amount of refinement the system and our trading tools have undergone has been staggering and the growth in the room has been even more amazing. I would like to thank Jimmy and xhoosier for all the work that they do in the room. Without their contributions, this room would definitely not be what it is today. I also thank all the old timers for answering questions and contributing in whatever way they can.
At the outset, I would like to make it clear that I have nothing but respect for those with straight "A"s and I am in no way belittling their contribution to mankind. While their contribution in science, technology, literature etc has been tremendous, their IQ is of very little value when it comes to trading. In fact, it's a handicap. As a disclosure, I am one of those guys with straight "A"s but went through a long process of transformation before i became a successful trader.I don't think there is any profession which is as counter-intuitive as trading. This is not a game for the perfectionists.
My view is that we may have seen a bottom late last week and we have one more leg higher into the 3750+ area, though I do not see us as having enough energy to go to 4000+ immediately before a complete reset in the markets.
My read on the market is that we are nearing some kind of low within the next few days, with somewhere in the 3150/3050 area on the Emini S&P 500 (ES) forming at least a short-term low for this downtrend.
There is no change in my view from last week that we are in the midst of a bounce toward the 3450/3500 area on the Emini S&P 500 (ES) and from there we could possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
My current view is that we continue the bounce started on Friday toward the 3450 area on the Emini S&P 500 (ES) and from there possibly begin another leg lower to new lows somewhere in the 3000/2900 region.
I manage about $100m. Been in the business for about 28 years. . . it seems for every dollar I spend here, I make about 10,000%
""misterk" - Trading Room" - 2021-04-15
Here is an End of the Year THANK YOU, Avi and EWT staff! I joined EWT this year in April, and was really despondent in how my retirement plans and trading account had been performing. I have been trading commodities and stocks for 30 years, and could never keep what I would make in the market. Never. Always gave it all back, and then some. The desire of my heart was to trade for a living, and finally, after 30 years, I can see this as a possibility! I switched to a self-directed 401K at work, and started trading a personal account with you all in April. My accounts are up 320% since April thanks to you! Until then, I was looking at possibly not being able to retire for a long time, but not now. I never knew when to get out of a position. I was always wrong. If I hung on it went down. If I closed out the position, it went up. I was ALWAYS wrong...so frustrated. I owe my success all to you, Avi, and EWT, and the EWT members. SO from the bottom of my heart...THANKS so much. I really appreciate you all!! I have tears of happiness because of you all. HAPPY NEW YEAR, and happy trading in 2021. I am really looking forward to it, for once!
""Wheat" - Trading Room" - 2020-12-30
What I love about EW is you know when things go wrong and you know when to get out of a position at minimal damage...it has helped so much in my RR work
""Kenneth_Aydt" - Trading Room" - 2019-10-03
My AUM has grown exponentially because of you and I can't thank you enough. My biggest regret is not signing up sooner! You've done more good than you will ever know.
""AAMilne" - Trading Room" - 2021-03-02
Love this community! If you have a mindset to learn, this place is a gold mine.
""FletchFFletch" - Trading Room" - 2021-05-07
Unparalleled value...can't even imagine trying to trade without this service.
""GoodLuckChuck" - Trading Room" - 2021-05-05
In about twenty years learning in the markets the most gifted, talented person in the world, regarding markets analysis, I've encountered is Avi Gilburt
""FALLACY_NAVIGATOR" - Trading Room" - 2021-04-30
Your team are the best traders & analysts. truly a world class trading site.
""MambaMentality" - Trading Room" - 2021-03-04
I love this site. You’ve changed my life. Thank you so much for all that you do!
""Dee19" - Trading Room" - 2021-05-07
The relief of EWT philosophy on investing has been such a gift (besides being extremely profitable) that I have to say this is the most enjoyable service offered anywhere on the internet and probably the best investment I have ever made. Thanks Avi.