I started paying attn to the NASDAQ back in Spring 2013. So it's been about 10 years -- average time for anyone to finally get it! If you read Al Brooks, he claims he quit the medical profession to start trading and it too took him 1 decade to finally get it. IMO, this the joke of God, you have to put in the required time to find success, there is no short cut!
Anyways, here is the Holy Grail: "Know your enemy (stock market) but NOT yourself (the tools you use to tap into the stock market) wallow in defeat every time. Know your enemy and know yourself, 100 battles 100 victories".
In the above context, defeat doesn't necessarily mean taking a loss, BUT more like missing out on a good/legit trade, which makes up 99% of my "failure"/"defeat" rate. Failure to make money is just as BAD as taking a loss. Just think of it as lost opportunity cost in place of real capital loss.
Anyways, it's too damn easy to know your enemy the stock market. All you gotta do is observe it for three years straight and I can guarantee you WILL figure out its every nook and cranny. What took me 10 years is the refining the tools I use to read the stock market. Anyone want the short cut save a few years just keep that in mind.
And also this don't waste your time on Fibonacci ratio! 1.61803399 can you believe it? Who wants to work with such an ugly floating number? I had a Greek neighbor, you know what she said when some solicitor knocked on her door? "I'm not Italian!" I will always keep that in mind when I think of stocks. On my end, I could have saved plenty years knowing Leonardo Bonacci doesn't work... he lied to me!
Anyways, here is the Holy Grail: "Know your enemy (stock market) but NOT yourself (the tools you use to tap into the stock market) wallow in defeat every time. Know your enemy and know yourself, 100 battles 100 victories".
In the above context, defeat doesn't necessarily mean taking a loss, BUT more like missing out on a good/legit trade, which makes up 99% of my "failure"/"defeat" rate. Failure to make money is just as BAD as taking a loss. Just think of it as lost opportunity cost in place of real capital loss.
Anyways, it's too damn easy to know your enemy the stock market. All you gotta do is observe it for three years straight and I can guarantee you WILL figure out its every nook and cranny. What took me 10 years is the refining the tools I use to read the stock market. Anyone want the short cut save a few years just keep that in mind.
And also this don't waste your time on Fibonacci ratio! 1.61803399 can you believe it? Who wants to work with such an ugly floating number? I had a Greek neighbor, you know what she said when some solicitor knocked on her door? "I'm not Italian!" I will always keep that in mind when I think of stocks. On my end, I could have saved plenty years knowing Leonardo Bonacci doesn't work... he lied to me!
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