Level 4: Program a base template to read the chart and generate trading signals for you Level 5: Parameterize all sensitivity variables which will generate the number of trading signals to align with your desired amount of trading activity Level 6: Be able to recognize optimal settings of all sensitivity variables for each new chart that you pulllup on every timeframe and asset class. I am currently working on level 6, but what comes after that?
Level 4, anticipate one to several possibilities that may happen and know the answers before the question.
The problem with donating that money to help starving children in Africa is once that money is spent, they will starve again so unless we keep donating it won't solve the problem. Actually consumerism keeps the world employed, prosperous and high tide lifts all boats. With prosperity spreading jobs around, perhaps the Africans can get jobs and feed their family. Case in point, China's biggest problem these days is their citizens do not consume, as a result, shops closed, lots of folks lost their job, undercutting to push exports and makes the world mad at them. A vicious cycle hurting everybody. Of course it is oversimplification but we need @wxytrader to buy his Lambo and someone else their 60's bugs.
Mind body spirit Past present future https://tarotreadersacademy.com/courses/2177709/lectures/50060615
Not only that, but some systems that work in one time frame fail in others. One would think that all time frames are bound by the same movements, and thus the same principles, but that is categorically false.
Within a bounded system, that is correct. If you create a system that reacts a certain way to price action on one time frame with a high probability of success, that same probability of success may not exist on a different time frame.
I'm not sure where do I fall. I believe the only accurate benchmark to measure a trader is net profit and loss. Another belief of mine is, assume two traders run a similar trading system (got +ve expectancy), the trader who has lower profit may have lack understanding of the system or discipline or psychology issue.
Oh you get praise for this comment, but I show multiple scenarios that can play out on a chart and I get criticized???!!! Look at the bias!