So you admit you really know nothing about teaching others how to fend for themselves
Trend Question (examples)
- Thread starter iamnewuser911
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The big $ is made in holding positions from weeks to months - why you ask? The markets trade around the clock - tacking on considerable gains over time, trading costs are significantly lower, and it is a lot easier hanging on to a winner than trying to get into a new winning positions through the day.
Most people would not dare to take on a cheetah or lioness in a foot race on the Savannah chasing down prey, so why is it every noob wants to trade the ridiculously short holding time frames where they get run over by super-computers that process more orders in a micro second than they could in a life time. On top of this most are way over leveraged - making them the slow moving scared prey. Extending the holding time puts you on a much more level playing field.
This is why we hold overnight in strong trending markets.
Most people would not dare to take on a cheetah or lioness in a foot race on the Savannah chasing down prey, so why is it every noob wants to trade the ridiculously short holding time frames where they get run over by super-computers that process more orders in a micro second than they could in a life time. On top of this most are way over leveraged - making them the slow moving scared prey. Extending the holding time puts you on a much more level playing field.
This is why we hold overnight in strong trending markets.
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Sounding like Hershey
Those who can't trade fast trade slow.
The relation between time frames is Price_Range ~ Time**2. If the time frame increases 100 times, the price range goes up only 10 times.
If your concern are commissions that means you're guessing your trades.
Your charts remind of thoses of the man-made global warming weathermen ... You have to pick the optimum sampling for a given time frame!
Typical forum dialog, bordering trolling ...
- iamnewuser911
For example
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https://www.tradingview.com/x/NWigWNhP/ < This is an uptrend.
https://www.tradingview.com/x/ZawQeW0e/ < However this is a downtrend on lower time frame. I can short since I trade on lower time frame like hourly, but where do I know when to stop shorting?
#1 Sep 14, 2017Report
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murray t turtle likes this.
fordewindwhen it stops goin short
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#2 Sep 14, 2017Report
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murray t turtle, johnnyrock and JackRab like this.
iamnewuser911when it stops goin short
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LikesWhat do you mean?
#3 Sep 14, 2017Report
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IndorilWhat do you mean?It all depends on how you define a trend.
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#4 Sep 14, 2017Report
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murray t turtle and fordewind like this.
To try and complete with those who throw millions of OPM around is really a futile exercise..but as the "market" is sold as a get rich quick scheme..it is no wonder most plebs dive in with a few $k..or less..just to see it evaporate into thin air!
Does one need to hold overnight..or for extended periods..to make money..of course not..and the main benefit of not holding overnight is that your money is not at risk when you can't watch it!
Bad habits are easily formed..and hard to change..even when it is very obvious that they have to be changed!
It is very easy to mistake luck for skill..you need luck in the markets to make money..but you need skill to be able to keep the money you make!!!
aww,... you've been working on your pillow talk,...
understanding hershey,... well,... that's a process, certainly only for those his viewpoint and experience resonate with.
He's not for everyone, only folks who can hear what he has to say.
I didn't comprehend much when first reading his thoughts on the market. I just recognized he was much wiser and more experienced than myself and many others. I was interested in testing things and having a deeper understanding of the markets. So I did drills and the MADA process.
The hershey puzzle is really more a living seed that grows understanding but only if you do your own work.
Some folks say it's all bs. Well, luckily, that's an up the individual to decide.
Cryptocurrencies are interesting for me at the moment, here are some daily bar by bar monitoring and analysis. None of this is prediction.
My operating frame is one of anticipating what must come next by accurately observing the present moment.
https://www.elitetrader.com/et/threads/what-is-your-prediction-for-btc.313138/#post-4515304
I don't really understand the market nor the technology but I am interested in the potential of the tech to extend transactional relationships. I don't know what the moat would be with any BTC or ICO's, though.
I becoming to believe the brains of humans are wired differently.
For some we can see trends or hershey, others can't.
Which raises another point slightly off tangent, indoctrination into a particular belief won't work - (as a medium for conformity), as some can grasp the message while others don't.
My quip re hershey was tongue in cheek, what I really wanted to say was re that post of yours, I hadn't a clue as to what it meant. I read it a few times and it flew right over my head.
For some we can see trends or hershey, others can't.
Which raises another point slightly off tangent, indoctrination into a particular belief won't work - (as a medium for conformity), as some can grasp the message while others don't.
My quip re hershey was tongue in cheek, what I really wanted to say was re that post of yours, I hadn't a clue as to what it meant. I read it a few times and it flew right over my head.