From support to resistance

I'd rather call it 'adapting to market conditions'.

I started in 2000 shorting the naz bubble pop till 2002, made good money... then vola died... I could still squeeze out small profit but it was no longer worth the time so I stopped the short term game... from 2003 to 2008 didn't make much... then started accumulating from 2009 accumulating long term..

the 'light' is you need to observe what is going on in the market... the 30000 ft view is the most important one... once you have the correct bias, the execution technique like support/resistance etc is not much relevant.... e.g. in 2001 if you short you can make money with random darts... and so is if you are long since 2009.

 

I understand your posture, it is really better to leave it before burning slowly

 

If it was worded support that has turned into resistance and vice versa my answer would be it is more than possible.

 

Maxinger, could you be more specific? If I don't have to ask Santa Claus for consistency

 

The Subjective Computer: A Study in the Psychology of Personal Computation
https://journals.sagepub.com/doi/abs/10.1177/030631282012002001

 

Support and Resistance work because people are looking at and trading them.

But personally, I don't depend on them. They might work ~50 of the time. That's randomness to me.

 

How can you get a success rate of 70%?

 

Many times support and resistance are self-fulfilling prophecies how can that improve?

 

So, you don't do intraday trading?

 

We're like flies flying over intraday shit