Thx, for some strange reason my browser is blocking it.....hmmmmmm, still can't see it although I know you are posting some type of Amazon link. Will try to disable some of my adblock Apps. Edit: gottit, I googled: amazon]0195144708[/MEDIA
you see, if anyone says their method is better than others, that makes a trade certain, then no one will take the other side of the transaction. I thought that if I learn about the market, I can increase the certainty of the trade. but if the trade is certain, then no one will take the other side of the transaction, UNTIL that trade is not certain. this causes spikes in the market: since no one is taking the other side and that spike will end when someone does. and at that point the trade is uncertain. so all trades have to be uncertain or that transaction will not take place. so that means the ONLY way to make money is to have risk and money management. and yet in all books that chapter is at the end and is never the first. this implies money management is the least important.....this is crap.....it is the most important and maybe the only thing that is important
Very good point! If a book author had his primary interest to educate, then they would post all their knowledge on ET free. But the primary real interest of author is to make money selling a book. And because money management is not sexy, it gets placed at the rear. How to buy is the most sexy, so its at the front.
There's no doubt in my ind this is correct. We have to bear in mind that publishers don't really want an author to give up everything they know in their first title. What will be in the second book? Or the third? So what this alliance of publishers and authors really want is for traders to lose money slowly: that way they stay in the game and don't lose confidence but they need to keep buying books because they're not making money.
I agree. Although I'm currently trialling Brooks's L2/H2 entries, this is the least important aspect of his writing I have seen so far. Without boasting, all TA traders could think of half a dozen valid reasons to get into an uptrend at a certain price, or a bit higher or a bit lower. Some will prefer this pattern, some another: some will want confirmation from an indicator. It doesn't really matter. What's important is, once you've found a high probability set-up, to get in.