Markets are impossible to predict

There are only 2 outcomes out of a prediction either right or wrong. Prefer to understand than predict. Come Dec 31st, 2020 then we will know whether 2020 is a profitable year.:cool:
 
maxinger said:
Past few days, people should be earning thousands and thousands of dollars,
NOT losing thousands and thousands of dollars.

Market has been very trendy ie very easy to trade and earn money.

Why people lose money?

- Because they listen to the experts.
Experts said when there were bombing, people invest in safe haven like gold.

- Because they try to predict the market.
They did not design their trade plan based on the fact that market cannot be predicted.

- Because they don't do day trading.

- Because they failed to focus on charts and nothing but charts

year 2020 is going to be very very good year for trading.
Because the starting has been very good !

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so, to give some hint to the folks who have been the Dumb Dave.

in this instance, ask yourself these questions:

- what kind of buying pressure has been displayed on the charts in the last couple of months?
- has Dumb Dave been long/flat/short thru these months? how do you find out?
- what stories has Sam pushed in 2018? fake recession? Warren holding lots of cash? remember these?
- how about in this latest round? expert said buy gold? could the expert be Sam's mouth piece?
- what did the price actually do in relation to what the mouth piece said? or in relation to the other stories pushed in 2018?
- if you reach some kind of conclusion of Sam's plan, are there more evidence available? how about the stories going back a couple of more years?

if your head is hurting you should quit... this business requires some minimal intelligence level, like 120 IQ...

not everyone can succeed, someone has to flip them burgers..
 
dozu888 said:
so, to give some hint to the folks who have been the Dumb Dave.



if your head is hurting you should quit... this business requires some minimal intelligence level, like 120 IQ...

not everyone can succeed, someone has to flip them burgers..
More...


right. trading doesn't require high IQ.

In fact, high IQ is detrimental to trading.

Many people tried to use IQ & Logic & prediction and deduce that

bombing ----> many people would die ----> market will collapse ---> gold price will increase.

Just focus on chart and that should suffice.
Gold chart said lows and highs are getting higher and higher and higher and higher.
 

by the way it's easy to predict the market... you need to figure out what Dumb Dave is thinking... like 100:1 like dislike ratio of this doom channel, and pretty much all the other doom channels.

why is nobody else using this perfect 'indicator' for the market? why are people looking at bs in 'technical analysis 101'.... there is Dumb Dave here showing you his hands, and people are too blind to see.
 
If you used your GC weekly chart you would have know that yesterdays high was a 1st test of a resistance level back from March 2013....

upload_2020-1-9_9-54-6.png
 
Why to use margin.
Why to go short.
Why to use leverage.
Why to trade leveraged ETFs.
Why to trade CFDs.
Why to sell calls.

And why to come to this forum, ask a question and then call someone, who tries to help one and most likely is 10x times more expierenced,

- an idiot .

I don't know.

Maybe they do ?

xfatb73338.jpg
 
_eug_ said:
If you used your GC weekly chart you would have know that yesterdays high was a 1st test of a resistance level back from March 2013....

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Right.

actually there is a neck band (not neck line).

the neck band was established from year 2011 to 2013.
the band ranges from 1525 to 1550.


This band is extremely significant.
gold tried to break through the band in Sept 2019 without success.
And it tried again yesterday without success.

So gold may find very challenging to break through the band.
 
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