- Joined
- 9 February 2017
- Posts
- 81
- Reactions
- 8
No worries, I guess your a long term investor?
Well not all of us believe you can - I guess thats why many of us are not traders! Anyway, i dont want to drag your thread off topic, and my contributions will not be constructive! Lets just leave it with my off the cuff comment about what would really happen if the odds were in your favour!
You'll find that the simplest and most logical ideas eventually appear complicated and anything but logical.
This simple truism will demonstrate what I mean.
There are only 3 ways to make money in the markets ( other than arbitrage )
(1) Win more often than you lose with accumulated wins more than losses.
(2) Have far bigger wins than losses.
(3) A combination of both.
No way in time you'll realise that there is far more to achieving any of these than buying a pattern or trading a system.
Just when you think you " Get it " it will vapourise.
Take your time
Question everything
That sounds simple and common sense enough. In practise a 3:1 ratio and a pattern or system that is always present in markets is as common as rocking horse turds.
Innovation .... seeing patterns that are not "obvious" to the mainstream .... having the ballz to back your gut against the crowd ...... familiar parallels in any successful venture in life I'd suggest ....
Whether real estate, trading, or anything else, you seem to have the right mindset for success in my opinion ...... the value of my opinion of course may be debatable.
Then how do you know when you really 'get it? And when you say there is far more than a pattern of system, are you talking about money management/risk management, mind set? or?
Because going off a post you made awhile ago, there definitely is an 'IT" to get..
Your losses will be as brilliant as your wins.
.
I agree with you that mindset is huge for wealth creation. I spent copious amounts of time and work on it in the past for my investments... really a lot of work on it. Imho, speaking more broadly, it is the absolute key.
Cheers
Like Harry Hindsight teachers. Anyone can cherry pick the best charts from the millions upon millions available and show the strategy worked. I watched this video last night where the dude cherry picked winning trades that bounced off old resistance. Pivot points that were obvious. Context required for Harry H.They all depend on context. Do it at the wrong time and your enemy will have you for breakfast. In trading if you are new and you can see it it's because its a robe a dope move (that always works).
Sam Seiden videos on how to determine where is supply and demand levels and how you should be buying wholesale at a demand level and sell when the retail people are buying looks very interesting and makes sense. He says at those buy times into demand the probability of success is very high, of course assuming a few other factors also line up. Also seems to be inline with what a few other well known traders say. He also doesn't like the term 'support and resistance' and replaces it with supply and demand. It is an eye opener. Anyone else have an opinion on 'his' stuff?
Thanks
Spent 5 min watching it and wanted to kill myself.....The basic logic seems sound.
Find it hard to take anyone serious showing spot FX charts with no volume and talking about supply and demand. WTF are these dudes on.... ?Spent 5 min watching it and wanted to kill myself.....
Find it hard to take anyone serious showing spot FX charts with no volume and talking about supply and demand. WTF are these dudes on.... ?
Isn't that just VAP, volume at price?I don't know this guy.
But I have used for a few years Volume support and Volume resistance.
Ill have to look at his stuff as I haven't seen what I do for myself taught
or used by anyone else. The volume Support and or Resistance is based around
high bullish or Bearish volume and is more a zone.
OH
and it works in REALTIME.
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