Your boys are good is an overstatement. I agree with the idea of swimming beside the sharks so that they don't see you. If they see you, they'll gobble you up before you know what's happening. Never believe if any one, not even your mentor, tell you "I'm happy for you, you are doing good"
my boys are good..
- Thread starter dozu888
- Start date
We know we amateur mom and pop retails are bad, but do you have to keep reminding us?
Please don't tell me I am bad and hopeless, tell me how to trade like you.
We know we amateur mom and pop retails are bad, but do you have to keep reminding us?
Please don't tell me I am bad and hopeless, tell me how to trade like you.
Thx. I am by no means a big shot trader. You can see in my past posts how I value asset classes and gauge public sentiment.
so I will put some thoughts here to make them kinda together.
having the correct bias (macro sort of speaking) is far more important than the micros - indicators, stops, entries, profit targets, position management etc... e.g. it's really difficult to lose money shorting in a bear market.
so, how to establish bias.
looking at the pros is tricky, because it's a mixed bag, some are really good, some are terrible.
so, looking at the amateurs is more accurate. forexIG just happens to be there, but it's not an 'official' indicator and who knows how long it will remain useful... but you can probably farm social media data/google trends to get the same results.
as of now, with the ratio being at 1:3 long short, I'd expect similar volatility to the march-september period where we will have some 5% corrections, but not smooth rise as in 2017.
with this bias the rest is really easy.
having the correct bias (macro sort of speaking) is far more important than the micros - indicators, stops, entries, profit targets, position management etc... e.g. it's really difficult to lose money shorting in a bear market.
so, how to establish bias.
looking at the pros is tricky, because it's a mixed bag, some are really good, some are terrible.
so, looking at the amateurs is more accurate. forexIG just happens to be there, but it's not an 'official' indicator and who knows how long it will remain useful... but you can probably farm social media data/google trends to get the same results.
as of now, with the ratio being at 1:3 long short, I'd expect similar volatility to the march-september period where we will have some 5% corrections, but not smooth rise as in 2017.
with this bias the rest is really easy.