Have a friend who was earning (in my eyes) very good money in the range of 300k - 500k anually. He had a lot of 'stuff': houses, 2 cars, exotic holidays, the ladies,...you name it, he had it or had done it. He was always a happy chap, full of life, ...

21 Ways Rich People Think Differently

I agree and understand the logic, because no matter where a line is placed (irrelevant of open/closes) it will always move up or down from it. So if it ALWAYS moves "away" from a ref. point, then, that is all that is needed as a basis. One group of ...

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video

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If you are 'data-driven' and allow the data to show which is the best decision at a given time then in a way it helps against the pitfalls of biases. correct? Other than that, then how does one become aware of such biases and how do they find a ...

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Fractal Geometry, Fractal Averages and Fractal Dimensions. Im sure work has been done on this subject (and a lot not released), few names come to mind. A potential solution would provide an 'adaptive' framework as opposed to a 'static/constant' ...

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video Well, i aint no statistician so my thoughts in general are vague and potentially naive. However, i do get the initial impression that there is a correlation between crowd wisdom/behavior and the bell curve. From what im reading, there is ...

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Hey Dice, interested to know where you posted this. Futer prices? ??? Not sure i understand what futer prices are, you mean futures prices? Collective consciousness. Lets face it, other than price itself, everything is an indicator of some sort. ...

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Of course, the video i shared makes it look nice - simple - clean, which it isnt in practice under my own experience. But with regards to chaos/harmony i have a theory based on peoples thoughts. At an individual level, peoples thoughts are ...

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Heres another one — video Any thoughts?

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Let me get this straight... — Market participants come in all shapes and sizes and they all bring their own money to the table to play the game. Some participants speculate to accumulate and other participants are here for business reasons ...

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If any new person aspiring to trade was given a realtime price quote and nothing else (no indis, no funky platforms with thousands of useless gadgets) i think their approach and path would be completely different, and just like nature, they would ...

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Anywhere from 10% right upto 200%, but overall average ranging between 40%-60%. One of my friends works for a huge multinational, believe it or not their margins range around 5% gross profit. Of course, they turn over millions per day so they ...

Trading is not a Business

Yep. They are completely different. Are there ideas one could implement into trading research that have similarities? Yes. But in the end running a business and trading for a living are rather different (except for paying taxes). My monthly ...

Trading is not a Business

Im starting to see the inter-relationship between: 1.- Convergence/Divergence of price movements (NOT indi divergence crap). 2.- Detecting shifts, real breaks/bounces, false breaks/bounces. How come price reversed against me when it all points up? ...

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What does this have to do with trading? video

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It is and it isnt. Marketing is all about creating a NEED out of thin air...an art in itself tapping into the mindset and praying on subconscious beliefs, whatever they may be. Excellent marketing + Deception = Short term huge gains /// Long term ...

Trading is not a Business

Very wise words. I empathize with this.

Trading is not a Business

Doesnt that sentence contradicts itself? How can you predict to a high degree of certainty that which is uncertain? Predicting is anticipating something will occur that hasnt yet ocurred. Reacting is following something that IS occurring (in its ...

Fundamentals confusing the masses

Statistics. Unless you have pandoras box (the only box i have is in my business and it has bills inside ) It may well be rooted in someones definition of a trend. In a way like a "mirrored-effect". It probably sounds naive, but, if my ...

When retracement has become a trend change?

How about surfing? Anybody surf? It is just like trading imo, but of course, anybody who partakes in sports will relate trading to their particular sport in one way or another. For me its surfing.

why do people share profitable systems?