Redneck, Thanks for eliminating one of the candidates. Now lets embark on the next path: greed/fear, would you mind hinting if this is the general direction? MMD
But what have I eliminated - really (I work from home ....) And no - no hints - it's the OP intention to get folks to think this through
LOL, the real question is ... how much more bullshit can be posted on ET in a given day? Once you have the answer to that one, you'll have the solution to the riddles posed in this thread.
The obvious is you have to be a gambler to not be a gambler: Treat every bet as a gamble with no emotions attached, thus it is easy to let a small loser go, same t as you lose a hand in a casino game, and wait to place your next bet. (Amateurs can not take a small loss because he/she thinks it is not a gamble). The obvious is you not to be a gambler to gamble: Do not gamble on any bet(set up)! Only place bets on the best selected bets! (Gamblers have not choice but to place bets randomly). And be the best gamblers of all, adding to your winners and that is what day trading with high leverage/small risk is all about! Otherwise you are wasting your time staring at the screen all day! Long Live POP! (Phantom of the Pits) REDNECK: I enjoy all you posts. Thanks.
The reality is that I could spell it out in Black & White and it would still make no difference! There are very few traders that really know how the markets operate. Some are close, unknown to themselves, and if these traders were to become aware of the obvious, they would literally clean up, as they have all the pre-requisites in place to enable them to move to the next level. It does not matter what people think, but what does matter is what they do! As mentioned previously, all the standard "stuff" that is in the public domain is there for a specific reason. Do what the majority do and you will get what the majority get! Some years ago, in the Great Pyramid, a German explorer discovered a small door at the top of the shaft leading from the Queen's Chamber. Without further delay, the exploring was called off by the authorities, and the door, to this day, as far as is known, was never opened. What has this to do with successful trading, you might ask? Everything, if you but stop and think!
YOU CAN ONLY GET SMARTER BY PLAYING A SMARTER OPPONENT You are very close trackstar, and the "gambling" side of trading is of immense importance, but it is not THE answer! It is because THE answer is so simple that it is never discovered by the majority!
From the secret workings of the the insiders (LOL) to the Great Pyramids ... the only thing you're missing is your website offering to teach traders everything they need to know to make a million dollars in the markets for $34.95. ROTFLMAO
Caementarius spake thus: The obvious is that to profit from changes in price, you must have some understanding of the _causes_ of those changes. "Happy is he who knows the causes of things, and may subdue all fears and implacable fate, and trample the roar of greedy hell beneath his feet." -- Virgil