oh yeah humility and ego..so romantically masculine..bahahha. it was a longterm ma cross along with some eggs frying on the macd sandwhich and some stoicasticoratti
i am not going to try.......to change your mind....if you think it is not reliable, why do you want someone, to change your mind. but technical analysis is tool and a tool is only as good as the craftsman holding it. market moves because of buyers and sellers. you have to figure out who is stronger. if you cannot, you can blame the tool.....and instead of putting in the time to figure it out, ask someone in a forum to explain do not search for some pattern.......read between the lines.... the patterns. i can explain it but it will take a whole book.....and there is enough of that in this world. face to face i can explain it 10 minutes .....but i cannot make you understand it or make you have confidence in what i am explaining. it took me 12 years of study and active trading to understand. who is committed enough ?
as you say there are hundreds of these .....but it should be obvious that sellers are stronger in the above mentioned scenario. in every transaction there are buyers and sellers interacting, to form the basis, of what is referred to as market action
why did you start trading? i started trading because i realised that that market moves not because of randomness but it is moved by men if someone wants to sell, someone else has to take the other side of the transaction.this is not randomness. you may not understand what is going on but just because of your deficiency, it does not mean it is random. but if you are convinced it is random then just find something else to do. i was convinced other wise but it still took me 12 years to understand what drives markets.....i do not think it is randomness
Forget about trading. When your business is this good why bother with market speculation? If I were you I'd re-invest the profits and scale the crap out of the business, whatever it might be.
it is good to diversify..... but if you are convinced it is random,then forget about it. do not ask to be convinced otherwise. that would be sheer folly
Totally agree. Why would someone who made 40-60% profit in his/her business wants to trade instead of trying to scale it up? Who on ET made 40-60% profit year in year out trading?
If you stumble into a business that makes 40-60% a year, why do you want to diversify now? If you already make millions a year with that 40-60% profit, and want to diversify, you don't ask ET how to trade, you talk to a private banker or an investment banker in Goldman.