I find this response very valuable, as are many in this forum..thanks Nick and all.
Sorry, let me try it another way. What I'm talking about is expectations rather than expectancy. I think that a major element of success, in any endeavor, is shrugging off adversity, and so it is with trading. What newbies attempt to do in times of difficulty is go looking for something else that seems to work, whether that be another indicator, chart pattern or technique. What they need to understand is that nothing works well all of the time. They need to find something that works reasonably well all of the time then manage expectations that the bad comes with the good. Chances are that if they keep chopping and changing - The Beginners Cycle as I call it, then they will tend to always find the bad rather than allowing the good to come on naturally.
As a case in point, in the last 5-months my account is probably about +12% as the market went into this sideways range. Its a damn grind at the moment. Every trade is a small loss or break even with the occasional win. I haven't changed a thing, nor will I. I do know, unreservedly, that this range will break and trends will resume and with trends, up or down, 'easier' profits will also return. I know without doubt that times like Jan 08 through Sep 08 where I made 158% will return.
It's just the good with the bad.
Managing expectations.
Understanding the journey.
That, I believe, is the difference between success and failure.
Astronomers and Astrologers to this day with the aid of computers calculators and advanced modelling techniques havent fully revealed what Gann was doing . They have come close but the man was a genius , perhaps he had divine intervention .
Have they made a movie about him yet? His story sounds mysterious and captivating.
LOL ------ I already got into hot water on the EW thread Bob, ---- Reckon if punters looked at cycles rather than waves theyd be a lot more enlightened --------- there is only two waves ----- Up and Down ---- how many cycles in each Wave?? ----- Unlimited!!
thanks gazelle, appreciate you taking the time to write about your experience
The following is certainly not intended to be a plug,
Here I deleted 80 lines of spam... or plug if you prefer- Timmy
My neck, back, fingers are extremely sore, I’m going to make myself a cuppa,
Bloody hell these dudes are a JOKE.
Nick off until you have traded then come back and show us.
Walk the walk because ya talk is just talk.
thanks gazelle, appreciate you taking the time to write about your experience
The following is certainly not intended to be a plug,
Here I deleted 80 lines of spam... or plug if you prefer- Timmy
My neck, back, fingers are extremely sore, I’m going to make myself a cuppa,
Hey Joe – you started this thread on Feb. 25, it’s now March 3 –took 7 days to get to what looks like spam to me.
This post contains the ASF spam policy, have a read.
Any one else noticed the recent increase in spam artists to ASF? I knew voting for ASF in that, best online stock market forum was a bad idea.
Any one else noticed the recent increase in spam artists to ASF? I knew voting for ASF in that, best online stock market forum was a bad idea.
Any one else noticed the recent increase in spam artists to ASF? I knew voting for ASF in that, best online stock market forum was a bad idea.
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