Aha, so you did spot it Ok, but what about this gambling ? This is very important for beginners to understand, so it is worth the allocated debate time.
Ok, it's all semantics I suppose but I trade environments and instruments that are very familiar to me and I don't see it as gambling. I see it as "going to the well". Somedays I must work harder than others but that's how I see it. As for cards or conventional gambling, I've never really done it. I don't gamble because I'm not comfortable with the "odds".
I liked your section on squares, I use geometry on square scaled charts. Started years ago with buy and hold investing. Taught by a retired coca trader. Use square root increments for support and resistance. Works for me. Edit: Oh and it's nothing new, more use it than would admit. I doubt if many here do.
But the hard and cold facts are: 1. As soon as you enter the market you are not in control and the price can tick in any direction. True or False ? 2. If the price can tick in any direction then you can not possibly know the outcome in advance. True or False ? 3. If you do not know the outcome in advance then you are taking a chance, otherwise known as gambling. True or False ? I have some visitors arriving shortly but I will be delighted to continue this discussion tomorrow
Market Geometry only works in one way, and that one way is only known to minute quantity of traders. And, even when you know how it works, it takes a long long time to actually learn how to trade with it. The barriers that hold a trader back are mostly psychological, and one who can master the psychological barriers will become a proficient trader much faster than one who can master the Geometry first. This is why, when you hear, that trading is 80% Psychological and 20% Mechanical, you are partially hearing the truth, but the actual figures should be closer to 95% Psychological and 5% Mechanical. After all, any one of us could easily show how to analyze the market of choice in a few quick posts with images, but very few traders would be actually able to trade the markets if left to use what they had just been shown on their own. The secret lies in the Cube !
The majority are kept in the dark for obvious reasons, but I plan to shake all that up very shortly The reasoning is simple, and that is, even after being showed what they must do, and not what they would like to do, they still won't do it Well, at least 99.99% won't, but there may be one or two who might :eek: But, and there is always a but , in order for one to know what they need to know, they must be able to think and solve some simple riddles and puzzles. And, even though they will not like this, and call me every name under the Sun, it is the acid test !
Nice rigid framework mate. I could serve you a titanium template too but what's the point of steering? Ok , trading is like gambling. btw when you trade are you scared, I get the feeling you are. I get the feeling you jump in then......hope. Do you feel powerless? You need to study your instrument closer. Put on some angles by hand and update your charts by hand too. This way you won't get scared and your mind will just calm down and you'll just trade. ES, YM, NQ, GOOG.....they're just potatoes that you buy and sell...nothing else. Are you pissed yet that I'm patronizing you like you do others? It's ok, you'll get used to it.
The only time I am scared is when my wifey gets her hands on my trading account, and then I might have to be worried about margin calls. Other than that, I daytrade Stocks for scalping, Index futures for day positions, and Index Options on Delta Neutrality. Once I have enough cash, I can't lose. Imagine that, even though you know that trading is gambling, is it not nice to know that you can't lose ! I have swithced from being the casino punter, to being the casino owner. Keep it coming, I love it Must go, visitors just here.