Bulls make money, bears make money, pigs get slaughtered.
Remember, my goal is to stay in the game. The people who got wiped out by the crashes tended to be people who never took anything off the table, who never felt greedy, who got slaughtered by their own piggishness.
Have you taken your profit? Have you booked anything? Or are you being a pig? Because you never know when things you own are going to crash. You never know when the market could be wiped out. You can't have certainty. At those times, you have only human nature to guide you.
I would like to wish you all a Happy Xmas, and regardless of your religion, I wish you to spend moments of peace and happiness with your family and friends, it is time to celebrate life!
Have you taken your profit? Have you booked anything? Or are you being a pig? Because you never know when things you own are going to crash. You never know when the market could be wiped out. You can't have certainty. At those times, you have only human nature to guide you.
I would like to wish you all a Happy Xmas, and regardless of your religion, I wish you to spend moments of peace and happiness with your family and friends, it is time to celebrate life!
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In technical analysis we do not predict movements, we work according to probabilities and need to be prepared for any kind of situation.
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Elliott does not work?
Yeah, it works! it is magnificent, the complexity and subjectivity make it like that, and so does the accuracy, when used correctly. It takes a lot of planning and patience, calculations, etc... but it's the best tool to be used.
Yeah, it works! it is magnificent, the complexity and subjectivity make it like that, and so does the accuracy, when used correctly. It takes a lot of planning and patience, calculations, etc... but it's the best tool to be used.
Comment:
Being a trader requires skills in interpreting charts correctly, but what is really important is to have emotional control and to be psychologically strong to act in the opposite direction to most traders. Without a prepared mind, the charts will NEVER be well interpreted. Patience is the greatest virtue needed to be a successful trader! What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION. If you want to win in this market, you need to be COLD and CALCULIST.
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The human mind is full of pieces that need to be assembled like a puzzle, you need to think in a different way from most people to get results also different from most people.
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Have you ever thought that charts are formed by feelings/attitudes of the human mind? If statistics indicate that only 10% of traders succeed, you need to think differently from most.
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Very often emotions end up directly affecting our decisions. In trading and investing, you always have to act by pushing emotions away, otherwise, you're bound to fail.
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Always try to have a few moments to relax and forget everything about the market for a few days, it is very important to maintain the psychological balance for those who trade daily in a market that is always under stress/pressure.
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Think about it.
Comment:
Fortune Favors the Brave - Fifth wave (Ponzi scheme)
Comment:
So... The Storm Begins
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The bear is happy and enjoying the show!
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Flash Crash - These things don’t come out of the blue.
This was all identified BEFORE the so-called “flash crash” that will rock the markets. Eagle-eyed Elliott wave analysts will notice a clear five-wave decline from the high and so, the overall decline might only just be starting.
So, buckle your seatbelt for even more volatility in financial markets.
Conventional analysis sees so-called flash crashes as random events. However, we show here that price movement is expected, no matter the circumstances behind it. Stay tuned to stay ahead of the herd.
This was all identified BEFORE the so-called “flash crash” that will rock the markets. Eagle-eyed Elliott wave analysts will notice a clear five-wave decline from the high and so, the overall decline might only just be starting.
So, buckle your seatbelt for even more volatility in financial markets.
Conventional analysis sees so-called flash crashes as random events. However, we show here that price movement is expected, no matter the circumstances behind it. Stay tuned to stay ahead of the herd.
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It’s End of Term for Bulls!
School’s out. Let the food fight commence.
School’s out. Let the food fight commence.
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This morning, a CNBC headline caught my eye. It said:
“Bulls finding it’s tough to buy the dip.”
Why is it “tough”? Because lately, every time the market tries to rally, a new sell-off takes it even lower.
But the real problem is not the market. It’s doing what it always does: “Market fluctuates,” to quote Seinfeld. The real problem is that many traders simply don’t know how to identify the larger trend.
I’m writing you all that to say this: Right now, the market environment is the toughest I’ve seen in years. The era of “easy trading” may be over, at least for now. So, to succeed, you need to develop skills that most people who call themselves traders simply don’t have.
“Bulls finding it’s tough to buy the dip.”
Why is it “tough”? Because lately, every time the market tries to rally, a new sell-off takes it even lower.
But the real problem is not the market. It’s doing what it always does: “Market fluctuates,” to quote Seinfeld. The real problem is that many traders simply don’t know how to identify the larger trend.
I’m writing you all that to say this: Right now, the market environment is the toughest I’ve seen in years. The era of “easy trading” may be over, at least for now. So, to succeed, you need to develop skills that most people who call themselves traders simply don’t have.
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