it is not difficult to make money....even a simple system will make you money...like this one described here click on the image and you will be taken to face book post:
I have traded many things: moving averages, momentum cycle, Elliot wave[for 5 years I position traded Indian stock market.. held for an average of 3 months], tried Brooks price action ,Demark.....
But the main problem was I did not enjoy it because I did not understand what I was doing and did not understand the market...it was like being in a jungle, where the only thing understood,was that sooner or later,our destiny was that we would become somebody's lunch.
So around 6 months earlier I cleaned both my mind and charts and traded the markets...and traded and traded......I lost and lost and lost....I lost upwards of 30000 usd
the money got forgotten ...but the lessons are not.
Today I am confident of trading because I know how the market moved, how they show and convince you that the market is weak and going down while taking it up or vice versa:they do this every single day....
understanding something gives you confidence in that and you are not fearful of what may suddenly happen.
if you understand what a lion is, you will not run, when he roars.....the herd of deer will graze within a 100 yards of the pride of lions because they know, unless the lions are hungry, there is nothing to fear.....
only men kill for fun.
and mock for fun: you can see enough of that in ET
I am not telling you to stop using moving averages Elliot wave fib S/R if you are happy doing those things.
I was never happy with any of those because I felt it was complicating things and I was not happy with making a little money or with having a win rate of 60%....
I knew I was losing money because I was getting fooled and I wanted to stop getting fooled so that I could make a great deal of money without any fear.
I have always understood that to have a win rate of 100% you have to find out how they were fooling me....that means analyzing and understanding myself as well as the market
this took me 12 years to do.
I am writing to explain why I did what I did and documented it here so that maybe someone will benefit and will know that there is a trading world outside the maze that is called technical analysis
ps: just to prove what I said above I will be posting statements everyday...in my journal...starting from market opening after the week end
I have traded many things: moving averages, momentum cycle, Elliot wave[for 5 years I position traded Indian stock market.. held for an average of 3 months], tried Brooks price action ,Demark.....
But the main problem was I did not enjoy it because I did not understand what I was doing and did not understand the market...it was like being in a jungle, where the only thing understood,was that sooner or later,our destiny was that we would become somebody's lunch.
So around 6 months earlier I cleaned both my mind and charts and traded the markets...and traded and traded......I lost and lost and lost....I lost upwards of 30000 usd
the money got forgotten ...but the lessons are not.
Today I am confident of trading because I know how the market moved, how they show and convince you that the market is weak and going down while taking it up or vice versa:they do this every single day....
understanding something gives you confidence in that and you are not fearful of what may suddenly happen.
if you understand what a lion is, you will not run, when he roars.....the herd of deer will graze within a 100 yards of the pride of lions because they know, unless the lions are hungry, there is nothing to fear.....
only men kill for fun.
and mock for fun: you can see enough of that in ET
I am not telling you to stop using moving averages Elliot wave fib S/R if you are happy doing those things.
I was never happy with any of those because I felt it was complicating things and I was not happy with making a little money or with having a win rate of 60%....
I knew I was losing money because I was getting fooled and I wanted to stop getting fooled so that I could make a great deal of money without any fear.
I have always understood that to have a win rate of 100% you have to find out how they were fooling me....that means analyzing and understanding myself as well as the market
this took me 12 years to do.
I am writing to explain why I did what I did and documented it here so that maybe someone will benefit and will know that there is a trading world outside the maze that is called technical analysis
ps: just to prove what I said above I will be posting statements everyday...in my journal...starting from market opening after the week end
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