Yesterday was a big down day. Today was expected to be a quiet day for consolidation and for yesterday’s big losers to mend their wounds. Lol...
I only see it afterwards. LOL
I meant drawing chart live, not afterwards. :cool:
The market has become much more efficient since Covel’s time. Traditional trend following no longer works. Nowadays it’s more like momentum...
I think Fed has to raise the interest rate and try to balance it out. Otherwise, sustained high inflation will destroy the economy by itself.
I used treasurydirect.com before and it was straight forward to transfer money in and out. You can link a bank account to your treasury account...
Unlike most other professions where if you are really good at one thing you can make it, trading on the other hand requires you do everything...
I don’t care about bottom or top. If it goes down I short and if it goes up I long.
Here’s my free teaching about trading. 1. You got to have an edge. You’ll know when you have it after 5, 10 or 20 years. 2. Discipline is...
If you tried to short today’s market you got a lot to learn about trading.
I think all trading is same in principle but may differ in technicality.
My trading logic is if you can’t assume/feel that you’ll go in big and stay long, then it’s not a trade you should even start.
Nowadays I am more interested in the market itself than my P/L. It doesn’t mean I don’t care about P/L. Actually I do and I always set stop losses...
But how do you know what big money is doing? The logic is if it’s easily known then it won’t work for long.
Market can go to more extremes than human can perceive. So picking top or bottom is a sucker’s game. That’s not to say one cannot get it right...
I think it’s partly hindsight. It could have fallen over anytime. That’s the very reason day trading is hard. Everything can change in a second...
Human nature never changes but patterns do. Otherwise, it’s too easy. Don’t we always need a good challenge? Well, it’s actually the market...
I am struggling to see how trading psychology evolves to IQ/intelligence? :)
Well if the puzzle is solved one should just take whatever one can from the market. PS, I know you’re being sarcastic. :sneaky:
http://traderfeed.blogspot.com/2022/05/intrinsic-and-transactional.html I just read this one and find it very interesting. Most of us started...
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