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markmm replied Mar 28, 2010Any guru that makes loads of money trading but then wants to charge you a nice fee to teach them to trade or access some private forum, this sets of alarm bells.
Forex Scams
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markmm replied Mar 28, 2010Yeah, a related thing I see a lot are supposed Gurus posting charts marking all the trades they could have made money off, or even more crafty, just a blank chart and a few lines with cryptic clues. They are all of course in hindsight. Classic ...
How to overcome "Hindsight Bias"?
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markmm replied Mar 28, 2010Just wanted to add something here based on another poster in another forum. I posted the link earlier, but to recap ill explain his findings after intense decades of studying (he did not me) The poster created a model based on a biological function ...
KISS
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markmm replied Mar 28, 2010Interesting thoughts Trolkaone, Bit cryptic though, but I think being successful in this business its has to be simple, as you say the journey may not be easy. I heard other posters stating similar.
KISS
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markmm replied Mar 27, 2010I was just watching Wall Street Warriors, and there is a segment with a specialist on the NYSE floor. He is saying that his stock was selling of 30% on the day and he wasn't sure why.... this guy sees all orders.
KISS
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markmm replied Mar 27, 2010I think what the OP was saying was that, he would add more, when another setup appeared that he would have taken anyway, regardless of his current trade, and if he could get enough in a long enough move he could have built a large position and ...
KISS
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markmm replied Mar 27, 2010Not saying its simple, but if you start complicating needlessly then you chances are reduced. Just copy this guy video
KISS
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markmm replied Mar 27, 2010I'm not against understanding market microstructre it is interesting. If it was just a case of learning loads of stuff then you become profitable then there would be more than 5% making money. I wont ban you for having another viewpoint, unlike ...
KISS
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markmm replied Mar 27, 2010I agree it is good to understand market microstucture, just like its good to understand money management or other aspects of trading. However it will not make you any more profitable.
KISS
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markmm replied Mar 27, 2010Ok the analogy was questionable, maybe it would be a better one would be - : You go to a poker game with millions of players and you have no real information on how they are going to play, so you try and analyse all of there expressions, mannerism ...
KISS
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markmm replied Mar 27, 2010Yep why mess about with indicators order flow when you can just look and see. Im finding this guys posts interesting. url
KISS
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markmm replied Mar 27, 2010Anyone saw the film Pi, very good, a guy finds a number that gives him the holy grail. Don't go trying to replicate it though. The answer is 49.32.
A Systematic Approach to Markets
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markmm replied Mar 27, 2010Great posts guys, I think finding an entry point is not the most difficult part of trading, its what you do once you in there. One quote I heard off a trader on another board is his holy grail is to get 100% of his account into a trade with no risk. ...
KISS
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markmm replied Mar 27, 2010Find a method that has positive expectancy, then apply money management to control risk/maximise profits.
Trading strategy with the Power of Money management
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KISS
Started Mar 27, 2010|Trading Discussion|81 replies
I want to start a thread for discussion (i.e. I wont ban people for having opposing views) on ...