Lots of market technical opinions/ideas proliferate regarding the market lately but all of what you read are not that concrete matter.
Because the market is unpredictable, nobody knows where the market goes.
Anything that you read about the market technical opinions are not that helpful anyway.
Just absorb whatever you can read and form your own opinion from whatever information you can gather.
It is not that important to know everything about how the market indicators tells about, but how you understand the market how it behaves.
It is in reading the markets is what is all about.
Trading the markets is about having your own ideas and own understanding.
Listening to others is an exercise in futility.
Friday, September 23, 2011
A pork chop trading...
The market was so choppy today as shown from the 5-min. chart and the daily chart too.
It will be a long way to go to convince the market to get its bullish traction.
But I guess if you are a long term investor, I mean if you have a lot of capital to invest sitting out there or parking under your pillow, this is the time to buy...buy...buy...as booyah always say.
I don't think the market will sink further, given the market is already immune to to its HIV disease, Human Intervention Virus(es).
All the kinds of market diseases had already experienced, but Mr. Market is always there fighting to come back and rise from sickness.
Mr. Market will always be there, you cannot beat him anyway.
If so, there will be no life in this planet, isn't it?
So what's the fuss is all about, who cares the market if falling, it will go up anyway.
Just watch him, it will come back.
In the meantime keep learning how to do trading, when the market becomes easy, it will be easy to make money?
That depends on how you approach trading, that's why discipline is part of learning.
The market was so choppy today as shown from the 5-min. chart and the daily chart too.
It will be a long way to go to convince the market to get its bullish traction.
But I guess if you are a long term investor, I mean if you have a lot of capital to invest sitting out there or parking under your pillow, this is the time to buy...buy...buy...as booyah always say.
I don't think the market will sink further, given the market is already immune to to its HIV disease, Human Intervention Virus(es).
All the kinds of market diseases had already experienced, but Mr. Market is always there fighting to come back and rise from sickness.
Mr. Market will always be there, you cannot beat him anyway.
If so, there will be no life in this planet, isn't it?
So what's the fuss is all about, who cares the market if falling, it will go up anyway.
Just watch him, it will come back.
In the meantime keep learning how to do trading, when the market becomes easy, it will be easy to make money?
That depends on how you approach trading, that's why discipline is part of learning.
Was not able to post some trading ideas and thoughts the past two days or so due to problem on my internet connection, AT&T was not able to fixed my internet the past week.
I just use my own way how to connect/speed up my connection.
The market is on a sell off mode since the Fed meeting, nothing worthwhile came out in their meeting.
Market sentiments remain on wait and see attitude, unless there is a positive outlook on the economy which I doubt there can be, the market will be on a sideways.
Traders love the market especially the HFT, they can steal money in an instant.
That's why the value investors are in quandary, their money are being steal/stole? in a few seconds.
Whatever you learned in the market about fundamentals, at this time of the market, it doesn't worked.
It's a traders world! Times are changing, if others believe in the history, this time is different.
The market is in a different state, it is in a state of shock.
I just use my own way how to connect/speed up my connection.
The market is on a sell off mode since the Fed meeting, nothing worthwhile came out in their meeting.
Market sentiments remain on wait and see attitude, unless there is a positive outlook on the economy which I doubt there can be, the market will be on a sideways.
Traders love the market especially the HFT, they can steal money in an instant.
That's why the value investors are in quandary, their money are being steal/stole? in a few seconds.
Whatever you learned in the market about fundamentals, at this time of the market, it doesn't worked.
It's a traders world! Times are changing, if others believe in the history, this time is different.
The market is in a different state, it is in a state of shock.
Tuesday, September 20, 2011
Let your profits run?...
That's the common wisdom being preach by most great traders.
But for not quite seasoned traders who are still learning the ropes in trading, that can be hard to distinguish/implement.
First, there is what you call "euphoria".
Especially for newer traders, whenever a trade showing positive result without any target exit plan, they are bailing out too soon/early.
Suddenly after getting out, you will be surprised the price keeps going up.
That's all common to all traders, especially those who are trading without a plan.
But there are some problems why traders bail out too early which differs to each individual.
It all depends on how you deal with it and training your brain with the market psychology.
Reading the markets is one trait that cannot be ignored about.
Lack of capital is another reason, since if you are not used to losing, there is a tendency that whenever you see a green amount in your P/L, you are prone to closing a trade.
That can be considered "greed" in trading.
In sum, what I emphasized is the "fear and greed" which is a common subject in trading.
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