Is Trading As Easy As This?

T

tradingjournals

1. You find an instrument that is in a trend.

2. Used methods to verify that the trend is not at its end.

3. Wait for a pull back in an uptrend (or a bounce in down trend) to get in

4. Use money management to decide on size.

5. Manage the trade as market evolves.

If it is easy, then why people fail?

Which part(s) in the above process you think causes people to fail?

Do you have another process (or additions/amendments to the above process) you want to share?
 
Hmmm.

Have you ever tried driving forward using *only* your car's rear view mirror?

No? Give it a try. Let us know if you survive a few miles.

It shouldn't be too hard. When you see a long straight-away in your mirror, assume it'll be the same in front & give it some gas. Curves? RXR? School Zone? No problem! With enough practice (10000 hours many claim) at the rearview mirror, you too should be a champ!
 
Quote from tradingjournals:

1. You find an instrument that is in a trend.

2. Used methods to verify that the trend is not at its end.

3. Wait for a pull back in an uptrend (or a bounce in down trend) to get in

4. Use money management to decide on size.

5. Manage the trade as market evolves.

If it is easy, then why people fail?
More...

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(1) Because the HERD by definition cannot win. The game is rigged thusly.

(2) If the HERD were to all of a sudden learn the secret, the game would unwind and disintegrate rapidly.

(3) Its virtually impossible for the HERD to go against its natural instincts.

(4) The game has been setup for the few to feed on the many same as in the wild. Predators are few in number compared to prey.

(5) Is it easy for predators to survive and do well? No. Only the "tigers" survive and even they have a hard time and often go hungry or without a kill for long periods.

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Quote from risktaker:

Hmmm.

Have you ever tried driving forward using *only* your car's rear view mirror?

No? Give it a try. Let us know if you survive a few miles.

It shouldn't be too hard. When you see a long straight-away in your mirror, assume it'll be the same in front & give it some gas. Curves? RXR? School Zone? No problem! With enough practice (10000 hours many claim) at the rearview mirror, you too should be a champ!
More...

Yeah the space-time continuum is a bitch, but those of us without time machines or inside info just have to play the cards we're dealt.

That is unless you'd mind pointing us towards some (legal) method you've found to "look through the windshield"?
 
That's like saying the process to becoming a world class Formula One driver is as follows:

A) Put on helmet

B) Put on fire proof suit

C) Get in car

D) Take off at the start line.

E) Travel though each corner at just below crash speed.

F) Pass all other cars

E) Stand on podium while hot bitches spray you with champagne
 
Well what takes to drive a car just put the key into the ignition put it in gear than press the accelerator but still accidents happens due to some little mistake or carelessness and you can say that same happen in trade
 
Quote from Runningbear:

That's like saying the process to becoming a world class Formula One driver is as follows:

A) Put on helmet

B) Put on fire proof suit

C) Get in car

D) Take off at the start line.

E) Travel though each corner at just below crash speed.

F) Pass all other cars

E) Stand on podium while hot bitches spray you with champagne
More...

That was good.
 
Is Trading As Easy As This?

1. You find a very popular trading site that has a lot of forums and profitable traders.

2. Read the forums to verify that most traders are truly profitable and knowledgeable.

3. Wait for a while to accumulate enough questions until finally getting registered.

4. Use common sense to organise the questions into some obviously useful topics.

5. Start many threads for those topics in order to get all the expected answers about trading profitably.

If it is easy, then why people fail?

Which part(s) in the above process you think causes people to fail?

Do you have another process (or additions/amendments to the above process) you want to share?
 
Quote from risktaker:

Hmmm.

Have you ever tried driving forward using *only* your car's rear view mirror?

No? Give it a try. Let us know if you survive a few miles.

It shouldn't be too hard. When you see a long straight-away in your mirror, assume it'll be the same in front & give it some gas. Curves? RXR? School Zone? No problem! With enough practice (10000 hours many claim) at the rearview mirror, you too should be a champ!
More...

Great post.

If you have a population of 1M of such drivers, you'll find a few who havn't had an accident in 15 years of "driving" everyday.
And they will be worshiped as they are so "skillful" at "driving"...

Ninna
 
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