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  1. HolyGrailSeeker

    Does anyone here use more esoteric trading strategies like Astrology or psychics?

    I do not know why works. But it does work at times if you notice that prices usually drop and people are fearful during a full moon and they go back to peak euphoria and optimism in a new moon. Mercury Retrograde usually also causes pessimism in the financial markets. I have also heard of...
  2. HolyGrailSeeker

    29 turning 30. 11 years of trading. First profiting year Journal 1

    11 years and you haven't give up. Got to give you an award just for that.
  3. HolyGrailSeeker

    Crypto Favorites

    Those are solid coins. You will do very very well holding them.
  4. HolyGrailSeeker

    The race to 10 MM

    That is because it is not practical. A $100 gain for the whole year on a $1k account is pretty good returns percentage wise but it doesn't buy you much. You can afford to be more aggressive with a $1k account. Some people play by the odds in every situation to the extent they won't even buy a...
  5. HolyGrailSeeker

    5 Things I have learned in 5 years of trading!

    If you can survive, you can make money in the long run. It is a marathon rather than a get rich quick scheme (although there's a real possibility to make a fortune quickly but dont treat it as such). Don't kill yourself by YOLOing all in. But then again, dont risk too little that it is...
  6. HolyGrailSeeker

    What would you say belongs in a solid trading plan?

    1) trading edge (from back testing) 2) risk management 3) discipline 4) market sentiment/news
  7. HolyGrailSeeker

    Undertrading vs Overtrading.. your thoughts?

    Undertrading is always better than overtrading esp for a beginner less chances of mistakes happening. Bet size also factors into account. You may be trading alot but only risk 1% or less each time. But someone else don't trade often but risk most of his account. So basically it's the same thing.
  8. HolyGrailSeeker

    Can one strategy work "most of the time" in any market condition?

    I don't think there's one strategy that works all the time. But if there is one that works very well it is trend following on the bull side due to how everything is skyrocketing in recent years.
  9. HolyGrailSeeker

    The race to 10 MM

    If you are making money and not due to luck then you should never stop. Optimally, you should place the same bet size in terms of percentage from a $1k account and a $10mil account. But practically, I feel the lesser your account you can deviate from placing optimal size and being riskier if...
  10. HolyGrailSeeker

    The myth of volume as a leading indicator of price direction...

    It is correlated after the fact. If you see a large green candle with huge volume you will think that the price appreciated because of the huge volume. The candlestick still at play could be at breakeven with low volume and at the last second all of a sudden a large whale comes and buy up...
  11. HolyGrailSeeker

    Billionaire Magellan boss says bitcoin going to zero

    I'm pro crypto but to be honest I don't see btc going to a million, maybe not even half a million. It is old tech like Nokia vs Samsung, MySpace vs Facebook or Yahoo vs Google. Other coins will overtake it in the future.
  12. HolyGrailSeeker

    Daytrading crypto ? How to?

    Don't day trade crypto. The hodlers make more money to be honest.
  13. HolyGrailSeeker

    The myth of volume as a leading indicator of price direction...

    Well then you can just use price structure alone which tells a better story since volume is whimsical and only "works" when certain conditions are met and even then may not also. I just use price alone in my trading and am trying to incorporate volume but it seems pretty useless to me.
  14. HolyGrailSeeker

    The myth of volume as a leading indicator of price direction...

    I still don't think volume has anything to do with price. When you see a large volume and a long green candle the volume only finishes when the candle has close and everything else is hindsight. I think it only helps for scalping only very low time charts. As when you see a flurry of buy trades...
  15. HolyGrailSeeker

    The myth of volume as a leading indicator of price direction...

    People always says volume proceeds price. If a green bar closes with strong volume it means it is likely to go higher and a red bar with strong volume means vice versa. I don't agree with that. Volume just means more buying and selling but it doesn't give any indication of direction. As you...
  16. HolyGrailSeeker

    The race to 10 MM

    I have a feeling his gonna bust or lose a lot due to being overly leveraged. It's too much too fast.
  17. HolyGrailSeeker

    Every professional trader said market had changed dramatically over the years

    It works. I use trend following and it works. Trend following is a broad term. Your method of trend following may not work but it doesn't mean other methods aren't successful. Whipsaws happen but a good trend more than makes up for it.
  18. HolyGrailSeeker

    Every professional trader said market had changed dramatically over the years

    It works. The stock/crypto markets are always creating all time highs. For that to happen it has to trend.
  19. HolyGrailSeeker

    It is better not to be a full time trader, less is more in trading...

    I can tell you all the critical and analytical thinking is useless once you know what works. The more you think the more you will want to change something that is already working fine. Trading is incredibly easy once you understand it. The hardest part in trading is finding a mechanical system...
  20. HolyGrailSeeker

    How is retail day trading anything but a gamble?

    Go read previous poster. He said 6 figures a day easy.
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