advise read and learn at same time dont just read do practice with real money as well. under what circumstances would the person making so much money believe its time to write a book about how to trade? seems stressful uncertain expensive needs customers infratructure might not sell etc etc.
Why do traders fail?
- Thread starter market-boss
- Start date
imagine if you were older and as usual they fk you and you have been told its so dangerous so you dilligently put all ur money in a safe etf which blow up and you can't afford your cancer pills. now they tell u its risky and you could never understood. now is the time you are left looking like occupy wallstreet and they will laugh at you because you actually will not know and probably say the wrong thing (altho you are right in your sentiment) i would definitely learn about these people now and as you get more money fund more expensive wars so you are much more robust. they are in my opinion not to be overly respected as an enemy.
spend time every night thinking of everything any of them have done. 10 minutes before bed, every morning. think how much you hate them and plan what you are going to do about it. don't forget. remind yourself that they don't operate under rules like be nice when very rich, so you cannot afford to. indeed it may be interesting to consider why it makes somebody with 100's billions quite so happy to operate like this. it's a healing exercise on a par with yoga and prayer which may promote the cause of their downfall.
90% of all people fail in any business profession ....wish i knew why....i would have helped turn that statistic on it's head
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You are missing the point of the question. The brain intuitively (or perhaps at least unconciousley, at the min) can process patterns and their relationships and relate them to the whole and draw conclusions faster and better than any known computer. That is why when algo’s fail and quit working a good discretionary trader will still be trading the markets. The reason of the question was to drive home the point that ones brain can determine quite quickly if the market is likely going up...down...or sideways.
The downside is the brain has to be trained to discern patterns, WHAT patterns, and relate them to the whole of price movement. In addition, the brain has to have some strategies and things of a tactical nature to work with as it processes patterns. So what does your brain tell you about what is likely here? Short or long? Of course we all know the markets can go in any direction. And there is uncertainty. But given the situation in front of ones eyes on this chart what is your brain telling you is likely to happen? Where are the pressures? Bull or bears? For getting good at discerning pressures is a skill that will do a trader well.
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hahaaha i agree
traders do not like complicated theories...they want to know whether to sell or buy! that is all.
volpri....you have a good heart....human beings do not want to be helped.....just make a huge money and take your wife and enjoy it together.....if you are not married....then just flash money and there will be a 'Q' of girls.....no money no honey
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That is easy to answer. Go with the pressures. What is hard is learning HOW to determine the pressures. That is why so many indicators have been invented. Trying to mathematically determine where the pressure is at ...bull or bear...however, it is all in the charts. Years ago I once read “price is the best indicator of price.” I have never forgotton that. But that implies knowing how to read the pressures that push price moves.
yes
since at any given time there are buyers and sellers.....you have to know who is the stronger,if anyone........that it is fastest, in real time, to study price bars.....took me twenty years and a ton of frustration and money to find it out