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Watch Me Trade....100 Bucks to 100 Grand!
- Thread starter billbob
- Start date
Since my last post, I added a little bit more (maybe around +3%) but I did not keep track of the count. I could not trade yesterday and today because of a virus that hit my computer, which is still in recovery mode, but I was finally able to log on the desktop version of the trading station---I even made a tiny bit between 3:15PM and 3:45PM. It was a positive week!
I mentioned I will share some tidbits. Here is one on the topic of price action vs. supply and demand (which one comes first and how they interact):
1. When price is rising, this creates demand and remove supply, but this pattern can be very short lived particularly in daytrading forex.
2. There is a point (in price and time space) where the reverse phenomenon takes place: Supply vs. demand creates price action.
The job of a trader is to recognize 1. and agree to it, and, more importantly, to understand/learn to pinpoint 2. If you are losing money, you probably confuse 2. and 1 on average.
React to this tidbit, comment, and stay tuned!
1. When price is rising, this creates demand and remove supply, but this pattern can be very short lived particularly in daytrading forex.
2. There is a point (in price and time space) where the reverse phenomenon takes place: Supply vs. demand creates price action.
The job of a trader is to recognize 1. and agree to it, and, more importantly, to understand/learn to pinpoint 2. If you are losing money, you probably confuse 2. and 1 on average.
React to this tidbit, comment, and stay tuned!
Hahaha I'm laughing so hard at the title of this journal that I just spewed a 2006 Chianti Classico Castello through my nose.