Search results

I think both left smart and right instinct is needing for successful trade... Curtis faith, the original turtle trader says that.

My brother..do you want to say before giving advice, one should show his P&L statement? Everyone is entitled to give advice..it is upto the original poster whose advice he/she finds good. I am not a noob in trading.

This is what Jesse Livermore wrote in his suicide note to his wife: My dear Nina: Can’t help it. Things have been bad with me. I am tired of fighting. Can’t carry on any longer. This is the only way out. I am unworthy of your love. I am a failure. I am truly sorry, but this is the only...

It is equivalent to Jesse Livermore Sir suicide on Nov 28, 1940. Jesse Livermore sir also lost several multi-million dollar fortunes.

A quote from Trading Crowd Psychology book: "To success in the future, we have to take a page from the distant past, from the days of Richard D. Wyckoff and Jesse Livermore. We need to regain our chart reading skills, to get a feel for the market and to be able to listen the story market is...

Thank you for motivation specially it is coming from a senior member like you. The older the joining date of member, the better credibility i give to his/her comments because of his/her vast experience.

I am liking it. Price is the only technical indicator which does not lie.

Thank you for your contribution. What my experience says- There is no leader in mass psycho. Price is the only leader. If there was no mass psycho, markets would have been range bound always- Indecision making. But since price is the leader in mass psycho, every individual follows the...

Sometimes i think i am a fool because i am putting enormous effort to become a discretionary trader by reading crowd psychology while many guys are using automatic softwares/mindless set ups to trade.

This article gives the wrong impression that day trading is easy. I dont know how these guys are making money. Sometimes i think i am a fool because i am putting enormous effort to become a discretionary market by reading crowd psychology while these guys are using automatic softwares to...

One needs phenomenal reading of markets to become a multi millionaire. The problem is many guys and gals dont put 10 years of initial effort to first read the markets and then put the first live trade. This trade could be right or wrong..i dont trade SPX. I was just putting my 2 cents.

I cant believe. After 15 months of trading and going no where, i now firmly believe to be successful in trading, i need to have a solid grasp of mass/crowd psychology. At a certain price range after bullishness, bulls are tired and trend starts to reverse to bearishness. At a certain price...

Sex is the price a woman for marriage. Marriage is the price a man pay for sex. Woman give sex to get love, man give love to get sex. I firmly believe after understanding human male and female animal: Man marry to bang her as per his wish anytime anywhere. The baby is the byproduct...

Tune yourself with the 'collective market mind'. Work hard. Become a discretionary trader.

Superb post..Thank you for sharing it with us. Yes i know that book by Malcolm..i have not read it but he is bang on target with 10,000 hours rule. Every year, there are about approx 240 trading days. So ,3-5 years of study will expose a trader to about 720-1200 patterns and through active...

What i have learned is that with phenomenal reading of markets you do not need to use SLs. SLs are highly overrated. However, mind you only after phenomenal reading of markets, SLs should not be used in day/swing trading. Far SLs can be placed for black swan events like assassination...

Most of the flights these are days are run on AUTO PILOT. Does this mean end of pilot theoretical and simulation/practical trading? No it does not. A student pilot puts lot of effort in clearing exams, completing flying hours etc. I have found one medical software where i enter the...

The world will not allow US to fail like Greece or Ireland. World will act swiftly, decisively and fast not to allow US go in bankrupt mode. When i say world, then it includes everyone including communist china.

Japan needs immigration- huge influx of young people exported from china and India to increase domestic consumption and contribute to economic growth. Germany also needs immigration.

Look at these deals available in US online: 1) Samsung - 32-inch 720p LCD HDTV Energy Star for $329.99 My God ! I have recently purchased 32 inch LCD for about $ 650. I live in developing Asia !:mad: 2) Kingston 8GB DataTraveler 101 Generation 2 USB Flash Drive: $9.99 My God ! I...