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I don't know how much I really have to add to this, other than I think its awesome your doing it. But, I know we've talked about a lot of the things that make a trader successful or not. Most of our observations have been speculative, but since trading I've noticed having capital is one of the single most important things. I can have any method I want, but if I cant make big enough moves to cover my fees, and not have those moves be a small enough portion of my overall account to not psychologically destroy me in a trade, that psychological factor is the most detrimental part.
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The catch is, now that we've seen a higher number of small cap runners the past few weeks, it may actually be an overall market pullback sign as traders are trying to shift gears as you noted in your first post due to lack of market volatility. If small cap shippers start to blow up, game over SPY.
You know a good study would be to back-test the percentage of small cap large gainers over time and see if any true correlation exists between excessive runs vs market tops.
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