So, as price can only do the three things, I guess it would be interesting to focus the attention to the chart when price start moving sideways as that is the place where things happens, as eventually price will start moving away from that price range. Of course, there will be tricks played and traps placed but still that is where I would be focusing my attention...
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
As with all things in life..some are easier than others..so..why pick the hard ones instead of the easy ones.. common sense really!
After today..you can see why everyone thinks this market will never go down..but they thought that in the past also..many times!
It really should not matter to you where the market goes..that of course is the easy way..but if you want to sit it out with the hope of making lots of money..then you really have chosen the hard way..which as mentioned does not appear hard at the moment..but..unless you have a detailed plan to preserve your capital when everyone starts selling..you will really see then how little you really know about effective speculation!!
Generally speaking of course
Btw..there is a very simple technique that allows you to see what the direction is..and when it has a good chance of changing..but..like The Pianist..it just so happens to be right under your nose..which makes it so hard for so many to see!
What can help greatly is to keep telling yourself how silly you really are..it works..but you have to really believe it before it can really work for you..I know from first hand experience
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Bar charts might look the same..but different financial markets are far from being the same..so..
"You can not make a silk purse out of a sow's ear"
the price you see
is not the bee
just make the honey
to get the money
This time is different.
Things never change..it is just the fools trading and investing that change
Follow the path of least resistance like Ol' Jessy used to say
Googled his name and read his bio in Wiki. I thought he was a self made billionaire, well, he is just a registered financial advisor and self proclaimed millionaire. So, I still don't know what I don't know.
Okay okay, I was joking.
Duh.
You think I'd steer anyone to that dumbo?
The things you need to know are right in front of you. Stop asking for advice.
It's staring you in the face.
It took me too long to figure it out.
Just read and read. That's my advice.