SijjiN wrote: Wed Jan 31, 2024 7:06 am
Traders need to understand that there is absolutely no Trading system that works, that can be programable/coded, on the public domain.
ZERO...
Amen to this. In my experience, annually profitable strategies are kept private by developers thereof.
SijjiN wrote: Wed Jan 31, 2024 7:06 am
The successful and consistent trader, is the discretionary trader. The trader needs to always take the last decision, and needs to use the feeling one have for the market, that feeling will only come with countless hours of market analysis, looking at price moves, static charts, etc. There is no short track/walk for it.
What we call random on the market, is nothing but an higher form of order, that we have no access to it.
There is zero randomness, as there is zero predictability for us traders.
Use common sense, your "gut" feeling and the indicators of your choice that "talk" clearer to you...
Posts like this never cease to amaze me. Feelings/emotions are my all-out internal enemy. Statistics generated by math/logic applied to at least 3 years of historic data are my all-out ally. No single trade is important to me because even in the face of 5 consecutive losers, I know that the total losers will be outrun by winners by year end. This all just goes to show that each trader has his/her own specific style of trading and nothing is universally "correct."
ā[A]s we know, there are known knownsāthere are things we know we know. We also know there are known unknownsāthat is to say we know there are some things we do not know. But there are also unknown unknownsāthe ones we donāt know we donāt know.āāDonald Rumsfeld, 2002
