here is something else to "think" about..and if any person is offended..then..that is your problem..not mine if you believe that there is an afterlife and that you will have eternal life.. then.. you will believe most of what is written by anyone in relation to "trading".. however.. the OBVIOUS thing would be to "educate yourself" in relation to what you are being "told"..by..obtaining the facts..and then making an "informed decision".. remember also.. when you go in front of a judge..the facts are only facts..when there is "evidence" to support the facts..in other words..we are not interested in.. HEARSAY
MP for Mr Pelt i forgot one name to the list above..i don't think he knew about trading at the time..but his name definitely struck a cord for the hippocampus..and it was.. muddy farmer whilst i don't really buy any books at the moment..apart from law books..but even then it has to be a highly priced book at a good discount..or an old book with some specific area of law that is still relative today..no good reading anything unless you can make use of it socco was/is a character..but..he really doesn't know much about trading..apart from the stuff he copied from William's stuff on VSA..and then sold it to idiots for £5k a pop..who then left him tie them up on a barge near London's financial centre one of his "students" now has her own book on VSA..she even has it translated into Vietnamese now..what a laugh i could write a book myself at this stage..but..even though i have no problem screwing those in authority..every chance i get..i believe if you screw the plebs..then you eventually get what you deserve.. much better to just understand what it is you really need to know..make use of every opportunity as it arises..and then just.. live..die as you are already born
If you could come up with a consistent losing strategy, then it would be easy to make money. Create two accounts A and B. Put $x in A, and trade this using the losing strategy. Put $10x in B and take the opposite of every trade in A.
When I trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away. They keep on flying back and forth, taking small bits of bread. They may have to make a hundred stabs at a piece of bread to get what a pigeon gets at one time, but that is why a pigeon is a pigeon. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade. For example, there are times during the day when I am sure that the S&P is going up, but I don’t try to pick the bottom, and I am out before it tops. I just take the mid-range where the momentum is greatest. That, to me, is trading like a sparrow eats.
do not forget that like any endeavour..practice makes perfect..especially when you decide to use some new tool/s..after all..if you cant do it when practicing..then how in hells name do you expect to do it with real money !!!
Kind of. I'm often going long where my previous self would have been looking to go short, and vice versa.
this one doesn't look too bad..low liquidity at the moment..but worth watching none the less..i might be tempted to diversify
okay, let's proof again how much a noob I really am =D in addition to the recent added charts and the DBCF-concept: DBCF - Deaf Blind Can easily Fall - Duty, Breach, Causation, Foreseeability I really dont like to give any guesses - making an ass myself. As I see it, the probable downside move is stopped by a prominent resistance line. For the Buy a SL line is established were resistance became support. The exact validation were the Buy is triggered is open to me. I would put like this: as the downmove (after the initial upmove) was unable to establish, it serves as kind of reference for setting up the Buy. The SL is moved upwards, when the TRL area is reached. Lacking a better explanation i want to call it Triggered or Tropedoed Resistance Line =) It can be clearly seen. The SL is then moved up in an expectation that momentum is sufficient to let the position run upwards AND to cut losses and minimize risk. I leave aspect time here, but I think I know what you wanted to tell me and I pretty sure this is the only thing a really thought through and is understood =) Just to say, it is not the perfect time. then things play out, just as they do or can, this time they dont TP is a risk/reward ratio of 1:3,x - coincidence or not, I don't know. From money management aspects it is important to have a high ratio. But why not 1:2 or 1:4?
a lot in one go everything centres around S&R..as..what we always will have is.. Consolidation Break Out Continuation / Consolidation Breakout as RN would say..rinse repeat..rinse repeat the main difference in relation to reaction at these "levels"..is..TIME the higher TF's are where the big money have taken positions..why..because that is the way it is.. Ours is Not to Reason Why..Ours is But To Do & Die there is one very important thing to be aware of when price approaches a S&R level..and..as we are getting very close to The Obvious at this stage..i need to proceed with caution..as..there is no reason in the world to just "hand it on a plate" to every dumb ass trader who decides to drop in and have a read..do you get my "drift"