trading
Tuesday 27 January 2015
Thursday 22 January 2015
Wednesday 21 January 2015
Tuesday 20 January 2015
trading
“You develop some ideas, go forth into the market and try some things. Over time, you build up experience this way. (Profitable or unprofitable, it’s still experience.) Then, having accumulated that experience, you step back to examine and theorize. You analyze what happened and why. You think about the strengths and weaknesses of what you just tried. You start to develop a new round of ideas. You get a sense of where the holes are in your capability, where the most profitable areas of exploration might be.”
“Progressing forward as a trader is a matter of filling in knowledge gaps and connecting abstract concepts with vivid memories of real world application. The absolute beginner is so void of experience he has no idea where his gaps even are. At the point of starting out, all trading knowledge is a swirl of hypotheticals. The trick of advancement, then, is to go back and forth between theory and experience, theory and experience, in a regular intertwined dance.”
Sunday 18 January 2015
Friday 16 January 2015
Wednesday 14 January 2015
uso
After double, then triple the average volume, and a double the average daily range, closed good, possible reversal
Friday 9 January 2015
after studying, stalking and strategizing, trading is based on plying the best possible scenario using strict money management rules
because in the markets, anything can happen at any time, remember that all the time
Thursday 8 January 2015
Tuesday 6 January 2015
Monday 5 January 2015
Thursday 18 December 2014
Wednesday 17 December 2014
Tuesday 18 November 2014
Wednesday 29 October 2014
iSPY
as long as we hold above 50 day sma we are in the bullish mode
"trade what you see, not what you think"
Tuesday 28 October 2014
Wednesday 15 October 2014
Monday 13 October 2014
The future is unknown!
I don't have a clue which way the market is going, nor do I care. One of the best revelations a new trader can get is that you don't need to know which way the market is going to move in order to make money. When I say the market "should" continue to trend to this major support or resistance it is because I actually don't know for sure.
Trading is best done while knowing you are completely clueless. In that way, you can't be wrong, and pride and emotional attachment are not an issue. For those of you that have traded money for some time you know that false pride and emotional attachment is the killer of good trading. Can you see how admitting you don't know the future is liberating?
It's better to just let price lead and to follow it with a proven trading system.
Trading is best done while knowing you are completely clueless. In that way, you can't be wrong, and pride and emotional attachment are not an issue. For those of you that have traded money for some time you know that false pride and emotional attachment is the killer of good trading. Can you see how admitting you don't know the future is liberating?
It's better to just let price lead and to follow it with a proven trading system.
Saturday 11 October 2014
Tuesday 7 October 2014
Chaos and Trading
Keep it simple.
“One of the greatest ways to avoid trouble is to keep it simple. When you make it vastly complicated—and only a few high priests in each department can pretend to understand it—what you’re going to find all too often is that those high priests don’t really understand it at all…. The system often goes out of control.”
got to respect lower highs and lower lows
got to respect lower highs and lower lows
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