Saturday, 8 November 2014

I think most of our time we already know the method/ WAY on how to investing.
BUT, most importantly, how to keep it running smoothly and consistently? like marathon!

Some tips of the DAY:

We need to go back to the "trade what you're comfortable" thing. I personally warned people many times about "noise trading" and that you need to figure out if this is something for you or not..

But in your post you said that you doubt anyone could be consistent using this method. I have to disagree. I've been trading off price close to 30 years. Yes real price, not the "price action" people are touting everywhere.

Actually, I began trading with no charts Just the price you see on the board at NYSE - if you want noise that would be the ultimate noise trading.

Charts are good. But they only handles the data in a certain way to fits you needs. If you want too trade noise looking at the bigger picture then why not to trade the bigger picture and screw the noise?? think about it..

When you choose a way of trading (scalping, long term etc) you must be aware of the pro's and con's of each. Hence my irony about systems.

Traders don't realize about how much control they have over their trading. They tend to synchronize themselves into this "buy x when z turns red etc" You need to have some room for thinking. Ultimately I can't put a trade for you nor anyone...it's your call.

Therefore should be your call deciding when and how to trade...or not...

Trading noise is more difficult than trading on higher notes....way more difficult. But some people like it that way, myself included.

I give people guidelines and in this particular case how I do it....