Would you dump your trading method...
- Thread starter ocean5
- Start date
Quote from cornixforex:
BTW, so funny to often hear "do you know how market operates?"
Do you guys, who repeat this, really believe that it's some form of very complicated knowledge, available only to high society professionals to know how auction markets operate, what supply/demand is and what makes price move up or down?
2c: Perhaps it comes down to whether you're a "price is flow" or "price is liquidity" kind of guy.
True and I fully understand how traders with MM mentality view the markets, even try to learn from some DOM scalpers, who operate inside the spread.
But basically market consists of several simple "bricks", which can probably be explained to anyone in 5 minutes.
The other question is most wannabe traders are so lazy that they consider even that too much of a work and prefer some magic indicator to make sure mega-millions in an instant.
Quote from cornixforex:
True and I fully understand how traders with MM mentality view the markets, even try to learn from some DOM scalpers, who operate inside the spread.
But basically market consists of several simple "bricks", which can probably be explained to anyone in 5 minutes.
The other question is most wannabe traders are so lazy that they consider even that too much of a work and prefer some magic indicator to make sure mega-millions in an instant.
Eh .. chasing trends is easy to explain, and apparently fun to do.
I think most dream chasers would get pretty bored in an MM shop.
Well, hard to tell, because for me momentum trading is just as boring, especially when there is no good momentum.
I don't view it as chasing the trend, though, just capturing market inertia, which is pecular to any physical event occurring with enough energy, including financial instruments buying/selling (as we started to speak about the science in this thread).
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o5;
No way;
but i may test it, may pick up an idea...................
Oh by the way Rich''turtle'' Dennis ;
said its the job of the market to wreck computer systems
No wonder he taught using discretion also.............