Losing
Hi Albinas
yes, you are absolutely right. I can see now I was gambling. I have been making lots of mistakes, trading based on what "I" think the market will do next. Those lessons on fear and greed are so right. I think the discipline is in responding to the information available and not trading based on what I think will happen.
I have had a look at the candle lesson, it seems a lot so I will learn it over the coming week.
I didn't mind losing the money. To be honest, it came from the sale of something I had kept in the shed for a long time. I had not worked for it, so I didn't mind putting it up as risk money to get started. I was prepared to lose it, and looked on it as payment for a good lesson :-)
I remember some tribe in Africa, when at war and facing the enemy, would send forward a small group of fighters, so the commander could get an idea of how the opponent faught.
Anyway, I am going to have a look at those patterns. There seems to be a lot. I have added a 5 and 10 period EMA to my 15 minute chart (from the school) to watch that now along with the stochastic oscillator.
Yours for now
Michael
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