Slopeof hope

[NewTraderAdventure]

Anyone follow this guy.. Seems to be a perma bear , and unless you timing is perfect or near it, thats a bad thing to be

sells software and a web site so he doesnt have to make money trading, just lure 'customers'

 

[Scataphagos]

Tim Knight did great for a while. Then at some point he got fixated on his perception of the "fundamentals".... and what the market should be doing because of them, in his mind.

This "trap" has happened to many others before him.

Had he focused upon "Price TA", he never would have been so bearish for so long.

Lesson... "Price TA" is the safest and most profitable way to navigate the markets. If you don't get that, you're missing the boat.

 

[MattZ]

"Doom and Gloom" newsletters and preaching are a Marketing Strategy, not a Market Strategy.
There are always those who are constant bullish and those who are constant bearish, and those who are willing to sell them their opinion back.

 

[heavenskrow]

Tim Knight did great for a while. Then at some point he got fixated on his perception of the "fundamentals".... and what the market should be doing because of them, in his mind.

This "trap" has happened to many others before him.

Had he focused upon "Price TA", he never would have been so bearish for so long.

Lesson... "Price TA" is the safest and most profitable way to navigate the markets. If you don't get that, you're missing the boat.

I used to contribute to that site- back then I was still a low 20's kid who thought I had TA mastered. Boy was I wrong XDDD And even right now, I think I might know but I am at least aware that I can always learn more-

Unfortunately his bias -which is usually towards the bear camp-puts me as a trader/chartist into not being able to respect him.

For example back in 2018, I was very bearish-thought we had topped for sure. Sure enough the market takes out the high in one swoop from Dec 2018 lows.. I wondered where my analysis went wrong.... I wondered if my thesis was still correct. After questioning and admitting my faults- I realized the answer Being able to adapt and be flexible has helped me tremendously. I love this game of the markets.

 

[qlai]

I used to read it. I remember the bearish tone, but if I remember correctly, it didn't stop him playing long. I think he was just working extra hard trying to find short candidates. Maybe to counter balance his longs? That would be valuable perspective in a bull market. It's been awhile though.

 

[Snuskpelle]

I used to contribute to that site- back then I was still a low 20's kid who thought I had TA mastered. Boy was I wrong XDDD And even right now, I think I might know but I am at least aware that I can always learn more-

Unfortunately his bias -which is usually towards the bear camp-puts me as a trader/chartist into not being able to respect him.

For example back in 2018, I was very bearish-thought we had topped for sure. Sure enough the market takes out the high in one swoop from Dec 2018 lows.. I wondered where my analysis went wrong.... I wondered if my thesis was still correct. After questioning and admitting my faults- I realized the answer Being able to adapt and be flexible has helped me tremendously. I love this game of the markets.

2015 was a lot like that for me. At that point, I had realized I could go short market indices using some instruments and that it should be better than being long "like an idiot". I managed to catch one major correction using these, and then set about waiting for (what I thought) was an inevitable stock market downturn once the correction had reversed a bit. It didn't materialize and I sat out of the market for nothing for a long time. Good learning experience. In hindsight, I had been psychologically impacted heavily by 2008 and was expecting a repeat way too soon.