I used to think like many frustrated traders do, that the markets were impossible to win.
Why? Well there were many reasons, some justified, and some based on a lack of understanding. It sure seemed like a lot of the brokers were a little crooked, or a lot crooked in some cases, and It seemed like the market itself just did so many illogical and random things in general, and how in the hell is an average guy supposed to be able to have near enough capital to win at this game? Shorter time frames just ate me alive because the spread was such a significant percentage of the trades, and the longer trades were just to few and far between. Well I can finally say that there is an edge you can gain against all of that, it’s simple and it relies only on only your ability see it. There are no fancy techs involved, although I have designed some things in MT4 that assist me, and I can manage this strategy in very few hours in a day, so it’s possible to be something besides a computer slave. I think in the beginning of this desktop age and my early trading, I somewhat enjoyed that, but these days I think for many of us the initial allure of the whole computer world has faded and we would like to get back to real life a little more often. After all, we now do so many other things with computers, banking, shopping, travel, social networking etc. Add all of that up and it’s just far too much screen time.
Anyway I want to start helping some people who were like me, not spoon feeding by any means but taking a look at what others are struggling with in their systems and approaches and if possible shedding some light from my perspective on how I may have gotten around it etc. if I experienced the same challenge several years ago etc.
I’m not sure that telling people exactly what I do would be beneficial, so I will hold off on that for the time being, as I think it’s best revealed in the context of real time dialog and example. It’s also dynamic in nature, since the market themselves are dynamic, so it’s difficult if not impossible to program, but fairly easy for the human eye to adjust to. Since the markets are controlled by the human mind, it takes the human mind to edge it out. I don’t believe in robots etc. they just can’t react to the psychology properly. If the markets were run by robots or AI then AI could find the edge, probably so well it would cause them to cease to exist. I think we all wish the markets did work on some scientific basis of logic, however, most TI’s will reveal that this just isn’t so most of the time, and in fact is a vulnerability to those who believe that they do. I think they leave you in the middle of town waiting to be sniped myself.
Nothing to sell here either so don’t misinterpret my intent as commercial in nature. I will call some trades here and there when I have time to do so with some explanation, and maybe even set up some live chat at various times if anyone wants to use the strength of numbers to their advantage.
I’m new on here, and I’m guilty of reading forums and never contributing so I just think it would be cool to set up a little strategy assistance community, not too many people, but people who are either frustrated or have got their skill level to where I used to be for a long time, which is gaining and losing too much without forward progress. Getting a hold of the steady equity increase is what this is all about. Even more important than that though is the genuine interest in the art itself. One of the biggest secrets to success in any pursuit, is the love of the pursuit itself. In other words trade for the sake of trading, not just financial motivation, and especially not desperation.
I found myself many times 7 or 8 years ago just completely irritated and had to put it down for a while, and maybe that was part of the process in some ways, but once you know that anything can happen and you have prepared for that with every move you make, it all changes. The real damage is done by believing you have control in some way over what the market does. Many of you may know some of these things already from your own experience as well, so don’t hesitate to join in if you have something positive to add.
Good luck everyone,… scratch that, Good trading! Luck is one of the enemies, one of many mystical beliefs that lead to psychological failure!