I second that emotion.  Just had a conversation with someone at lunch that touches on much of Steve Jobs' words.  Coincidence?  Nope; synchronicity.

Intriguing analysis.  Thanks for posting.  "History doesn't repeat but it often rhymes".

FTFT - Talk about a volatile market. Opened at $3.17, shot up on heavy volume to $4.20 in the 1st half hour, has been sliding ever since on (on extremely light volume).  If ever there was a poster child for Steve's adage "take profits", this is it.  Last trade $3.10; could still close in the red for the day.  The quintessential round trip; wow.

Matt: Is this type of setup (when triggered) as valid after a downdraft if the hammer was printed on average to below average volume...or does the setup only apply where hammers are made on high volume (sign of capitulation)?  Many in the list are in the former category.

My sentiment gauge suggests the general public remains complacent despite the 2,000 point drop in the Dow.  When the market drops like it has the last 5 trading days, I'm usually flooded with questions and concerns from friends, family, colleagues and my staff (I administer a profit sharing plan for 60 employees).  They are not traders but rather, long-term investors.  So far no one seems worried; that worries me.

Why?

Thanks for the reminder.  It's easy to get caught up in the euphoria and/or feel like you've missed the train.

What Happens when the price of bitcoin goes below the cost of production.  Interesting article by Bob Moriarty:   http://321gold.com/editorials/moriarty/moriarty020618.html 

Reminds me of the Cyclone rollercoaster at Coney Island; slow ascent, quick decline.  

Steve, I assume the optimum words here are "swing trader"??  Also assume this does not apply to those who make a quick trade in and out (day trade), off a chart and nothing but a chart, is that right?   Is it possible for one to blur into the other, or are there definitions that clearly separate a day trader from swing trader?  Can't imagine you check all the fundamentals for every stock you post, especially those you reference as a quick trade under trade ideas.

GDEN news: https://www.reviewjournal.com/business/casinos-gaming/golden-entertainment-selling-up-to-206m-of-stock/

Feels like they're throwing existing shareholders under the bus, but perhaps I'm wrong.  Thoughts?

Today was one of those days that help me appreciate the value of placing stops on EVERY trade I take.  Mainly a swing trader with a busy day job managing a law firm.  Was quite pleased to shrug off the impact of today's market selloff.  Thanks to my stops, I was taken out of 5 positions at levels way above the closing price, either protecting gains or minimizing the loss...all without staring minute by minute at my computer screen or stressing about what a stock "should be doing".      

Many thanks to Steve and Matt for drumming home the concept of always having a plan and using hard stops.  No better day than today to reinforce that notion.  As they say, "A penny saved is a penny earned".

Apparently, BREW is part of the SEC Tick Pilot Program, which means I can't place a contingent order awaiting a breakout.  Not constantly watching the market, so how would I position myself for a buy?  Guess I can buy now with a tight stop, but that's not my preference.

Sears says it will "consider all options". Maybe the idea of a SearsCoin isn't too far off the mark:  

https://www.cnbc.com/2018/01/10/sears-lands-additional-financing-even-as-holiday-sales-disappoint.html 

Can SearsCoin or CryptoMacy's be far behind?     

LINU   Can someone explain how a stock can move like LINU has: That being, a 100%+ spike intraday on huge volume at least three times since August, followed by an inevitable decline on almost no volume,...reversing nearly 100% of that gain each time?  Just curious how/why a stock would trade like this.  Was in it for the 2nd spike and got lucky and out with 100% gain, but am just intellectually curious about the trading pattern.  Is it manipulated in some way?  Understand huge spikes due to 20-30 times avg volume, but why does the stock give it all back on almost non-existent volume over the ensuing weeks?  

How best to take this trade..............  Would you wait for a break above today's high ($1.39) or buy now with a stop just below today's low $1.16, the 9 ema?  Or take a different approach altogether?

Any US counterparts?  Or, do these trade OTC under different symbol?

Any idea if  executives of these companies are cashing out after they pop? Today's latest, LTEA closed yesterday at $2.44 and shotup as high as $14.84 on "news" this morning. The news: they're "still going to make iced tea" but are "evaluating business opportunities in blockchain".   Insanity reigns supreme, but who's taking the bait? Talk about needing to be nimble! 

What are people thinking????  Or are they?  When the music stops, this will spell certain disaster for many.