please, post your account to verify this truth.
psychology is not the answer to trading success.
mark douglas quit, he is writiing book to make living, does he trade to make a living? obviously he is a loser in trading.
only those naive thinks he is the answer, he is jerk in trading, in psychology analysis he may have some knowledge, but not scientific knowlwege.
trading is a very logic science. I trade based on three physics laws:
law one: if an object moves in one direction, if no outside resistance inlvolved, the object will continue to move in that direction. I have a friend, he told me BAC is so cheap, he keep buying when it is dropping, today he called me again, ask me whether he should buy more, I told him this pysyics law, he emotionally answered "no, it could not go lower".
gravity law: all high fly will finally fall because of gravity, but those drop to ground may never fly again.
probabilty law: a double bottom has its statistic distribution, do you know what is? one of my church friend asked me about buying RENN, he thought it was cheap, at that time, it was at 4.5, he told he already bought 3kshares and plan to sell it at 10, I did not know about RENN, so he used his phone to show the chart, when I looked at it, I asked "is 4.5 to 10 farther than 4.5 to 3.0 ?", he said yes. then I asked him again " in prabibilty 4.5 to 10 will most likely to happen than 4.5 to 3.0?", he hesistated, he become emoptional and answered "not sure". even you do not know advanced math, common sense will easily give the correct answer: the chance of 4.5 to 10 is far less than 4.5 to 3.0! that is why those pychologist are losers, they do not follow science!
psychology is not the answer to trading success.
mark douglas quit, he is writiing book to make living, does he trade to make a living? obviously he is a loser in trading.
only those naive thinks he is the answer, he is jerk in trading, in psychology analysis he may have some knowledge, but not scientific knowlwege.
trading is a very logic science. I trade based on three physics laws:
law one: if an object moves in one direction, if no outside resistance inlvolved, the object will continue to move in that direction. I have a friend, he told me BAC is so cheap, he keep buying when it is dropping, today he called me again, ask me whether he should buy more, I told him this pysyics law, he emotionally answered "no, it could not go lower".
gravity law: all high fly will finally fall because of gravity, but those drop to ground may never fly again.
probabilty law: a double bottom has its statistic distribution, do you know what is? one of my church friend asked me about buying RENN, he thought it was cheap, at that time, it was at 4.5, he told he already bought 3kshares and plan to sell it at 10, I did not know about RENN, so he used his phone to show the chart, when I looked at it, I asked "is 4.5 to 10 farther than 4.5 to 3.0 ?", he said yes. then I asked him again " in prabibilty 4.5 to 10 will most likely to happen than 4.5 to 3.0?", he hesistated, he become emoptional and answered "not sure". even you do not know advanced math, common sense will easily give the correct answer: the chance of 4.5 to 10 is far less than 4.5 to 3.0! that is why those pychologist are losers, they do not follow science!
