oh, i see.....i have 22 magic wands, 3 jars of everything-will-be-alright-just-hang-in-there cream, 1 ex nazi black box and a harry potter lookalike pair of special glasses (donated by the gann family)
interested offers can email me on wannabeanumpty.con (nigerian url for uber security)
What about algorithms that design to create a certain patterns and get everyone on board
Well if after a few months maybe 300 -400 hours you cannot see some sort of market repeating and how to trade it you would really need to reassess exactly what you are doing. You know the saying "Don't keep on doing the same thing and expect a different outcome"?
Most chart traders make money in bull markets and flop around when there isn't a bull market. Basically making money from the fact that at times stocks tend to trend. So in spite of their claims of an edge they are really just using T/A as money management, that is not losing too much until they get a lift when the tide rises. Few that I have seen show any real edge to read the market and put money to work consistently at the right time. That is clearly evident in their low win rate. And need for a few 10R or more winners to lift their account above BE.
I trade the '3rd option'. Its basically just knowing what your fellow traders, more to the point the locals, will be doing and how they trade given a particular option ie the type of market we are in. This I believe comes about from experience. I often know how my day will play out 1 or 2 minutes before the open and take my biggest bets most of the time within seconds of the open. Its just a play I develop from knowing where we are and who is likely to be playing. The market context.
"If this trend line breaks we could go lower"
Ha! I read that stuff and think.... well thanks and if it does you may but probably wont be taking a position either way so what is the point of thinking like that??!!
But you can recognize faces of people you haven't seen in 30 years. That same innate skill is how you read a market and trade it. What looks like a trendline break in classic TA is sometimes the perfect exhaustion push lower to load up long for a run to new highs. Its the ability to recognize the face of a bullish market that is how you trade
Cute. Unfortunately not everyone can get it right from first try. But perserverance and refining your strategy can pay in the long run and charts can be very helpful along the way, particularly in equities.
lol, it was an agreement....many people think learning a musical instrument only takes a cupla weeks and it does....if you want to play off key with the wrong time signature...
lol, it was an agreement....many people think learning a musical instrument only takes a cupla weeks and it does....if you want to play off key with the wrong time signature...
"A gentleman is one who can play the bagpipes ... but chooses not to!!"
I experienced the same thing and possibly because I do not have a herd mindset. I now concentrate all my hard earned into property. I will look at share investment in the distant future. Investment because of dividend returns, negligible brokerage fees, negligible fearful emotion, restful nights sleep, better eyesight and more free time to focus on wholesome activities.I've spent thousands of hours, but none of my observations have ever lead to anything that has given me an 'edge'. Sometimes my stuff works. Other times it doesn't.
here's a good example of "i've seen this **** before, time to get out, cover or go long"
sneaky work.......no news.....no excuses for shorts to get cut to pieces
Fairly nasty $12 drop earlier today if you were long. On a three minute chart surely a foray would be brief as the 1H downtrend is still strong and intact.
are you just here to pull our whizzers?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?