GB Group Ord Shs GBGPF

Know who you trade against: Man or machine?

[MartialArts]

The only trust I would put in "traders", is in the fact that only a small minority of money being moved by technical trading is done by humans.  I, and other technical analysts here, represent a small minority  able to share knowledge with others. I do it because for every goodwill effort I put out there, I get it back. Someday.  There is an inner peace that comes with sharing knowledge, wisdom and kindness with our fellow human beings. Whether it be in person in our daily lives or here electronically.

But it's critical to understand, the vast majority of technical trading pushing the hundreds of millions seen in ACB/CMED alone per day is done by huge banks, US hedge funds and private investments firms who use computers to automatically trade. Those computers use technical trading.  Those computers don't share any knowledge.  In fact they all compete with each other and classic investors as they tweaked weekly or monthly by humans.

Human technical traders here on stockhouse move peanuts in comparison.  So investors here should understand you're not across the table from human traders, you're across the table from machine traders.  And it's only going to get more intense as the year progress and systems get smarter.

Watching the markets these days is like watching computers play chess games. It's not trivial to follow and I'll be the first to admit that.

In the meantime, let's all help each other.  As humans.

[stockhorse10]

MA...thank you for all your expertise and valuable information on chart reading and the technical aspects of trading in such high volatile stocks like ACB and CMED...after reading many comments on here, it's easy to see their are a lot of inexperienced and beginner traders on these 2 threads...these mj stocks with their massive volume is uncharted territory and a day traders dream and I want

[LAMBO]

sellers drying up? nice gap between bid/ask

[Thelonious]

I decided to sell about 75% of my cmed today at yesterday's closing price.  It dipped then popped back up so I unloaded most of it. weed and aph I sold all.  took a loss there but I was really heavy into cmed, not as much into weed and aph.   after considering what you have said, I agree and have decided to sit on mostly cash right now and just ride out these waves and

[MartialArts]

Thanks.  Always nice to get feedback.  I'm on the edge market wise as well. Mostly in cash with CMED being my only sole significant position. This is what worries me. https://www.cnbc.com/2018/02/13/market-alert-for-cpi-inflation-report-that-could-change-everything.html We'll see how the markets react. Holding long but something tells me I should be 100% on cash. I'll

[PROtrading]

You're not all cash???  What?  Scared of the $10 trade cost?  LOL Buddy!  Aren't you playing off a side of a cliff here?   LOL!!!  Dude!  Seriously, your posts are all bearish, with cause, and you're still holding???

[Thelonious]

Pro   did you buy into cmed when it recently hit mid to low 20s then sold and now hold all cash? if so, what is it that you are looking for before you jump back in?

[PROtrading]

Bought sub $20 when the stink deal from MONSTER ACB came in and sold at $44 when the pumpers were all doing high-fives.  Rebought at the panic at $23-25 and resold all now because the market is going to either "correct" some more or "crash".  $35 was a good price to get on the second round.  Missed the $36 and 37s but that's ok.... Not sure if the next hit

[stockhorse10]

Hey Pro....Sold my 3000 shares yesterday at 35.5 as I wasn't expecting that late push....Prob should have gotten out in the mid 36's but so be it..planning on rebuying back in as I believe we are also in for a market correction on both ACB and CMED...any good price point reccomendations to get back in?

[MartialArts]

CPI and inflation fears are muted it seems.  I don't think we're going to get our fireworks. Looks like the well needed correction is past tense?   I'm adding here in the $35s.

[Thelonious]

how about waiting till the producer price index results come out tomorrow?

[Thelonious]

anytime man I still hold some cmed because I don't want to miss any runs up, this market is unpredictable.   Iike I said I sold most of it today and waiting to see what happens. thanks Martialarts as always for keeping things professional and civil here.