Quote from Compulsive:
What insight is that? 2 MA crossing over? A triple top that the majority were afraid to call it? When a (wo)man speculates in the market, there is OBSOLUTLEY no way that he/she can know which way it is going to go.
He may catch it at the right direction and tell himself, "I fucking knew it", BUT in reality, he didn't know it. He just caught it on the right side.
âOnly fools refuse to be taught. Wisdom calls out in a loud voice wanting to be heard.â
Like I posted before:
When you are trading, you must have faith in two things:
Yourself.
Your knowledge of what you are doing.
Speculating can be a wonderfully rewarding activity if it is engaged in sensibly. Speculating, when done properly, can furnish the speculator with time and money to do those things that result in an enriched life. In other words, you can not make a call and tell yourslef that you were right when the marlet headed the direction "you thought". Again, when you do not know the outcome of something and you bet/speculate there is a bit of chance; some call it gambling.
I certainly applauded the man that calls tops and bottoms, but the man that calls the bewteens is a better trader.
My 2 cents![]()
UHHHH.....
How about George Soros CALLING the direction of the british pound...
How about John Arnold calling the direction of the natural gas spread...
How about Johnson Paulson calling the sub-prime market...
Not saying ET members do that or I do that
, but don't give me the BS of how calling things correctly is "impossible"And no, and I don't think the three guys I mentioned above are just "lucky" and happened to be on the right side

