Nicolas Darvas had proved Livermore theory that once you found that "luck" combination, all you have to do is to adjust some variables and then your edge will resume working over and over again. Why? Because prices are driven by emotion and emotion is not random. You cannot switch between happy and angry in a very short time frame. When you're happy, you're happy for a while before switching to angry.
Nah, traders lose not because they don't possess luck, but due to a lack of knowledge of price behavior and, above all, a lack of discipline.
If you cant make money with randomly generated data you will not make it in the market. With that said. The market is FAR from random so it makes it even easier.
Trust me, yes you can! Been there and done that many times, especially at the outset of my trading career.
The OP sounds like a know-nothing student writing an assignment for his econ teacher. If he gets an A his teacher knows nothing too.
You've gotta love these guys. As if the magic support/resistance levels are all you need. It's all 'price action', a screaming truism if ever there was one. Prices bounce around alot based on players selling or buying what they think is value. Occasionally the price breaks into new territory and has to establish a new range: if you can catch this extraordinary event you can profit from uncertainty but you have to be damn fast and getting faster.
Alright, this is my first post at this forum. If you want to beat the market you got to have an edge. If you donât have an edge you will lose money in the long run. Reading books on technical analysis, using brand new technical software or looking at the stars doesnât give you an edge since it is there for everyone. If several years pass by and you donât find an edge you will ârealizeâ that the markets are unbeatable and give up.
No, not at all. Your limit stop is positioned ahead of where the price might go. If the lead-up is not to your taste, just pull the stop and start again. regards f9