No, not so unfortunately. You may be instead a victim either of mass psychology or simply of inexperience. The market is understood by seeing only what price does each day - it goes up and done. And to harness the markets price gyrations, that is the swings up and down, you do so by devising or adopting a reliable methodology. Imaging day trading taking profits from the successive swings the market offers (eg CL). What is most important is the 'how' rather than the 'why'. Map out your trading plan accordingly.
Howâs the saying go If you canât see the dumb money â then you are it Keep extrapolating out KF3210 â youâre headed in a good direction Once you get a handle on the psychology â you can exploit it RN
Iâll do you one better than that Price is the only thing that never lies â in tradingâ¦, or in lifeâ¦.. Or stated another wayâ¦â¦ Trading is the only place I know of â where 100% reality exists â 100% of the time Obviously each traderâs mileage may/ will vary RN
Depending on the context in which that tick up occurs â yesâ¦, or no How long is a piece of string RN
Thank you for motivation specially it is coming from a senior member like you. The older the joining date of member, the better credibility i give to his/her comments because of his/her vast experience.
A quote from Trading Crowd Psychology book: "To success in the future, we have to take a page from the distant past, from the days of Richard D. Wyckoff and Jesse Livermore. We need to regain our chart reading skills, to get a feel for the market and to be able to listen the story market is telling us. These skills are lodged in the right hemisphere of the brain. They enable us to put the pieces of the market puzzle together, to discern patterns, to really get a feel for a person, for people, and for the crowd."