Quote from DblArrow:
Brings to mind a question - how do you know that do or do not know?
Ten years ago I thought I knew what I needed to know. 5yrs ago I had learned more but still thought I knew what I needed to know.
For me it is simply doing what needs to be done - taking the action necessary - the mechanics of the trade - following MY rules, cause as we know there are two sides to a trade and both can make money.
We will ignore those that are unable to think for themselves!
You have raised a very important question.
How are you supposed to know what it is you need to know?
It is in fact very very simple.
What you must know is what the majority does not, nor will ever, know!
If the majority know then it will be of no value.
Why do you think some traders never post - because they think they have found a secret formula that works for them, and if they share it, it will become diluted, thus reducing the effectiveness of what they know.
What you must know is how to leap frog in front of all other traders. This requires some simple logical deduction, the quick dismissal of idiots who post rubbish, they ability to read and decipher what others who seem to know what they talk about actually write - many people, unknown to themselves, give away many clues about the knowledge they have in what they write.
And finally, the ability to question and hold the attention of those that seem to know, for, contrary to what the majority believe, few have indeed cracked it, but they are very slow to part with the hard earned information, for reasons that I have already mentioned.
