I never heard either of those expressions.
However if the market is going to take my money, it's going to be like being "nibbled to death by ducks".
Why is hard to make money? Find trend, stops above previous/high low, TP @ next highs/lows
- Thread starter iamnewuser911
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I never heard either of those expressions.
However if the market is going to take my money, it's going to be like being "nibbled to death by ducks".
I think some of the disagreement here could be your different time frames but anyway I'm interested in how you set your bias Scataphagos ?
I use longer term price chart channels and economic data like SP earnings, employment and GDP. Anything else?
Trend is psychological. All you really need is "price chart" (price chart channels, if you wish). If sloping upwards, they're bullish. Have a long-side bias. If sloping downwards, have a bearish bias.
It's like forecasting weather with a rock. If it's hot and dry, forecast "sunny". If wet, "rain". When the rock changes, change your forecast.
When the price chart channels change, change your bias. Figuring out what the trend has been and what your bias should have been is easy. When all of that changes, hard to get it right early in the new move. (One of the option picking services that solicits me to buy their thing has forecast about 20 times since Trump was elected, "market bloodbath beginning now". Wrong every time.)
It's like forecasting weather with a rock. If it's hot and dry, forecast "sunny". If wet, "rain". When the rock changes, change your forecast.
When the price chart channels change, change your bias. Figuring out what the trend has been and what your bias should have been is easy. When all of that changes, hard to get it right early in the new move. (One of the option picking services that solicits me to buy their thing has forecast about 20 times since Trump was elected, "market bloodbath beginning now". Wrong every time.)
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Wise comment. Mtrader is one I definitely won't ignore.
Listen up, you're a walking coffin. Quit now, save yourself and your family.
You are a lucky fellow to have 3 or 4 people help you, esp. Scataphagos.
If you stay, avoid all complexity, place a 15 x 30 ema on all charts and beat out all these cats combined. If you f*** that up too, run, run, run to Mummy and hide and watch
I'm coming to take all your fucking money away, just wait.
I would argue that there are aspects of trading that are guesses, not all of it. The stops are for the specific part that you have yet to conquer. The goal is to eliminate the guessing, even if you never fully do. That is the development process, as unrealistic as it may sound to you...
Sorry man, TOTAL HOGWASH!
I've been known to put posters on ignore after only a few posts and stupid remarks. You came thiiiiiiis close to making it after your 1st post. That's how stupid your statement
No need to apologize, you're free to express what you believe. I was addressing the scientific minds, in the event some were swayed by your comments.