OKAY, here is an exact post from my blog.
[B][U]“Ranging Crazy Market TIP”[/U][/B]
Being active in trading does not mean playing every poker hand the market deals.
It is simply naive to play weak hands or too unpredictable market ranging periods. Playing during these crazy market times will surely become a losing battle.
Stay on side line and wait for better hands or high probability entrances instead.
Let’s say one plays every hand and win 50% off the time because one is playing by luck. To make money, one’s winnings need to be more than one’s losses, meaning rewards must be greater than risks. But there is no law that will align your wins with the best risk reward. Therefore, playing by luck is a no-no.
Yes, the market is basically a poker game. That is why it is a skill game and not a luck game.
Take time to learn the game. Play happy and best wish for all successes.