If you want to fail as a trader, study TA
- Thread starter The Expert
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Quote from IchibomB:
Covered at 1180Nice trendlines btw.
IB,
You bring up a good point....
As we progress if yaâll want â I will post up a how I draw trend lines to make a channel
Admittedly it is more intuitive than a hard set of rules, but Iâll do my best to explain itâ¦
I should also add I will not use one of the stocks I trade for the example â donât want it coming off as anything other than what it is â sharingâ¦
And if yaâll donât want to be bothered â no biggie⦠I respect that we must each have are own way of trading...
RN
Quote from IchibomB:
Covered at 1180
BET you are happy YOU covered now
Think of this!
If you think it is time to cover, then, is it not time to reverse and risk some of the profits on discovering if you are right, or wrong?
TE
Well RN, you are of course under no obligation to anyone here, especially those who do not even post.
The reason I post is that I learn things from it, oh yes, I forgot to admit, I am a selfish git
It is very easy to get over confident in this game, and, I personally know a few traders that have blown it more than once, so much so that they had to quit trading, as they found it very hard to cope with large winnings, AND LARGE LOSINGS :eek:
I must say, I know exactly how the feel, as, every trader will not realize what it is like until it actually happens, a few times, for, even though we think we might be smart, we are far from it when it comes to taking money from others, and keeping it.
So, as we continue to discuss IA, let us keep in the back of our minds, at ALL times, that the money is not YOURS until you have it your bank account
Too much paper money is no good to TE..Cash is KING
I am looking forward to some discussion in relation to IA, and, as usual, it is up to each and every person to take what they can from it.
TE
Food for THOUGHT!
TE
TE
I've reduced Mk's list to these:
incentive
inference
influence
A chart may show a potential gain, creating an incentive to trade and may influence a sucker into making a mistake. To analyse and infer the best opportunity for trading seems the correct approach.
So is the answer: Inference Analysis
incentive
inference
influence
A chart may show a potential gain, creating an incentive to trade and may influence a sucker into making a mistake. To analyse and infer the best opportunity for trading seems the correct approach.
So is the answer: Inference Analysis
Quote from The Expert:
BET you are happy YOU covered now
Think of this!
If you think it is time to cover, then, is it not time to reverse and risk some of the profits on discovering if you are right, or wrong?
TE
Definitely!
Went long at 1061 this morning...I trade both sides depending on the day.
1061
http://www.hotstockmarket.com/forums/showpost.php?p=2545500&postcount=72955
and again at 1076
http://www.hotstockmarket.com/forums/showpost.php?p=2545767&postcount=73072
just a thought - so long as the reason and action taken is based on what the market is telling you at that exact moment and not on an intuitive "feel". if i add to a position or reverse, market conditions have to say so along with the setup and i take it even if it looks a bit uncomfortable. any thoughts?
Quote from The Expert:
BET you are happy YOU covered now
Think of this!
If you think it is time to cover, then, is it not time to reverse and risk some of the profits on discovering if you are right, or wrong?
TE
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