normally what happens is professionals like engineers who are very successful in their field enter the arena of trading and apply the same old thinking expecting to produce the same old result....they end up disillusioned and quit after depleting a lot of capital to be replaced by a new set of fortune seekers... a regular stream of such people is what helps the winning traders to earn a regular income !
Thanks for the comments IMHO, there are two parts in successful trading 1.Defining a structure or framework within which the price move 2.Tactics and methods to trade these moves Second part is relatively easy.Can be found out with little trial and error Nobody can define the exact structure of the Market. If anybody achieves this , he/she will own the entire planet in no time.We are like the blind men in the story who explained an elephant. Our aim should be to reach as close to the reality of the Market as possible
LOL! It's like a self sustaining feedback loop. Haaaa, good ones!
ReplyDeleteyes....but....
ReplyDeletenormally what happens is professionals like engineers who are very successful in their field enter the arena of trading and apply the same old thinking expecting to produce the same old result....they end up disillusioned and quit after depleting a lot of capital to be replaced by a new set of fortune seekers... a regular stream of such people is what helps the winning traders to earn a regular income !
That's very true, Ananth. Surviving in the the market is very important.And that's the reason to seek an edge and out of box thinking.
ReplyDelete@ SS
ReplyDelete@ Ananth
Thanks for the comments
IMHO, there are two parts in successful trading
1.Defining a structure or framework within which the price move
2.Tactics and methods to trade these moves
Second part is relatively easy.Can be found out with little trial and error
Nobody can define the exact structure of the Market. If anybody achieves this , he/she will own the entire planet in no time.We are like the blind men in the story who explained an elephant.
Our aim should be to reach as close to the reality of the Market as possible
ST
Thanks for giving a good picture, which I needed to explain the concept to someone else. I hope you don't mind me using the same.
ReplyDeleteRegards
R. S. Iyer
RSI
ReplyDeleteYou can freely use and share anything and everything found here because I do not own it
ST