@traderGOD you are driving me crazy with your posts. you are not a profitable trader and will not be with your basic mentality. Take your head out of the gutter and go learn who you are playing against. your posts are so basic and any 5th grader can answer them
Why is trading so difficult?
- Thread starter padutrader
- Start date
I'm not a huge fan of technical (chart) analysis either, really. To me it's like trying to find out what a crowd is going to do by watching videos of crowds doing things. Yes, there are commonalities, and I get that it's fear and greed in chart form, but you're still just talking about a history of trades at price and volume, the key word being history. Anything can happen. That said, since technical traders believe in it, and prophesies can be self-fullfilling, it's stupid to trade against them when one of their important chart points is nearby. If the whole crowd of technical traders agree they're going to trade something down to an imaginary chart line, then turn around and buy it back .. there's really no point in arguing with them. There are some points on charts that you know they are going to trade to, because they all know the others are going to trade to it, and the more obvious those points are to the whole lot of them the more likely it is that they're going to go there.
The one time I do follow technical charts is when looking for capitulation in an insane sellers market, because then it really is a chart of fear and greed, and at that point I think it's more than just technical traders wandering all around the place with the price looking for agreement on pivot points.
The one time I do follow technical charts is when looking for capitulation in an insane sellers market, because then it really is a chart of fear and greed, and at that point I think it's more than just technical traders wandering all around the place with the price looking for agreement on pivot points.
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All good points. Just my 2 cents, spot the existing or NEW Trend. Jump on the horse and ride it.
A recent trade chart, see below - look at the simplicity. No woman would marry me with a daft, devoid of voodoo chart like this - no Gann, no Elliottwaves, only 200-ema, no indicators, no nothing. Just one simple god given trendline. No News, no CNBC, no experts, no advice. Just lower lows, lower highs coterminous with the Trendline. When the trendline broke northbound, lo and behold, shortly thereafter we got the higher High = break of trend, therefore dismount and go to the beach. I was gone the moment the trendline got taken out.
He is calling to the self he aspires to become, rather than the one whom he finds himself to be.
why do you call yourself a mickey?
i am a trader a trade, who posts all his trades as they are entered in his journal-if you see the eurusd chart you will see,that it is live trades.
i may call myself anything it is my right.
thank you
You just defined Human Nature, Scat... trading acts/sins like averaging down into a position when it goes against us because we don`t enjoy being wrong as it bruises ones ego...so we justify it by turning it a position building process, which it never intended to be, but it feels better than being incorrect... So what could`ve of been a simple stop loss turns into a debacle because we appealed to human nature of being defensively comfortable & avoiding the pain of a small loss.
thanks for your assessment: when you say i can never be a profitable trader ...i have just decided i am going to be a profitable trader and i am going to post in my journal as proof of that.
a 5 th grader can trade better than the pros.
however no one is forcing you to read my posts.
All good points. Just my 2 cents, spot the existing or NEW Trend. Jump on the horse and ride it.
A recent trade chart, see below - look at the simplicity. No woman would marry me with a daft, devoid of voodoo chart like this - no Gann, no Elliottwaves, only 200-ema, no indicators, no nothing. Just one simple god given trendline. No News, no CNBC, no experts, no advice. Just lower lows, lower highs coterminous with the Trendline. When the trendline broke northbound, lo and behold, shortly thereafter we got the higher High = break of trend, therefore dismount and go to the beach. I was gone the moment the trendline got taken out.
yep nice and simple...wonder why people work in offices
TraderCod, I remember reading a post that you follow Al Brooks.
There...... that is the reason, and the reason only, that You say that Trading is so difficult.
There...... that is the reason, and the reason only, that You say that Trading is so difficult.