ramping education stooges
http://www.trade2win.com/boards/general-trading-chat/192390-anyone-still-uses-james16-price-action-18.html#post2899054
Traders have zero edge , unless you have a mental edge .All your illusionary edges are worth zero , if you can't execute your edge.This is a statement according to Mark Douglas.He preached patience, discipline and eliminating errors.
"No man ever reached to excellence in any one art or profession without having passed through the slow and painful process of study and preparation," he wrote.
Here is something else he wrote on the secret to success.
"If there is such a thing as a secret to the nature of trading, this is it: At the very core of one's ability 1) to trade without fear or overconfidence, 2) perceive what the market is offering from its perspective, 3) stay completely focused in the "now moment opportunity flow," and 4) spontaneously enter the 'zone,' it is a strong virtually unshakeable belief in an uncertain outcome with an edge in your favor.
Price action relies on timing the markets , but this has been proven to be too difficult for most , according to this article below and free google searches .
http://www.trade2win.com/boards/educ...me-market.html
Price action relies on being reality with the markets , and this article on t2w examines whe traders are not in reality with the markets.
http://www.trade2win.com/boards/educ...e-reality.html
The third most important reason is , traders using subjective price action most are set to be defeated with mind traps , there is thread on it in the psychology section.Human mind traps are the same , if applied to trading or any other activity.
In conclusion Mark Douglas, one of the greatest trading educators and authors of our time , taught us the opposite of the James 16 phillosophy for trading genuises .His 10 rules contradict with the application of price action education of James 16 .
1. Be rigid with rules, flexible with targets.
2. Focus on opportunities that provide an edge.
3. Trade free of expectations of being right or wrong.
4. Synchronise your mind to the truth of the market.
5. Beleive in uncertanity (The market can do anything)
6. Be flexible so as to perceive with the greatest degree of clarity and objectivity of what the market is offering from its perspective.
7. Be careful what you project into the future because nothing has got the potential to create more misery and unhappiness than unfulfilled expectations.
8. To make money, trade without fear but also overconfidence.
9. The degree to which you think you know, or assume you know or need to know what is going to happen next, equals to the degree you will fail as a trader.
10. What you perceive in the market is limited to what you know less that what is blocked by fear.
Here Below are links to profitable trading strategies created by Foroom lluzers (real name:forum loser).These strategies are free and have to be learnt.These are the strategies carrying professional level trading.
You can also go to youtube , by searching on google , with any word from the following threads and on the stock charts site .The example is , I want to find reliable support and resistance , and youtube comes up with the following video.
click price action videos youtube
Price Action Trading Explained (Tutorial)
How to Use Price Action in Trends
Trading 212 Trading Strategies: How to Trade Moving Averages (Part 1)
Why Price Action Trading Stinks and How Naked Trading Works
price action trading
Professional traders find trading is boring , because they rarely trade and are usually bored with the market.The market rarely offers them good exciting trading opportunities ,they don't exist everyday or every week in the markets , they are sitting bored.Professionals understand trading psychology , mistakes that traders make and they keep trading simple.Professionals make fewer mistakes and they have a good trading plan.
Amateur idiots don't understand scalpers ,daytraders and trend traders have odds stacked against them , these trading methods are not suitable to make money.They can't time the markets and markets trends fail 80% of the time .They trade scalping several times a day , trend trading and losing 80% of the time due to their mindsets .They do not understand trading psychology , and why the human brain is wired to lose in the markets.Amateurs make many more mistakes.Amateurs lack a good plan.
Professionals trade psychologically correct method with an edge , amateurs trade methods and systems that are detrimental to their success.These amateur methods arouse psychological demons and cause them to make a lot of mistakes.
Planning and executing involve different skills that draw upon different parts of the brain. Planning the trade is largely a function of your intellect, the prefrontal cortex PFC. You create your plan in a relatively calm state of mind with your PFC in charge. But when it comes time to execute the plan, other areas of your brain will become involved.
Wired To Lose – The Psychology of Trading
http://ibankcoin.com/hattery/wired-to-lose-the-psychology-of-trading/Trading Mindsets is 80 % of Success
http://www.traderslaboratory.com/forums/trading-psychology/16729-trading-mindsets-80-success.html
Realtime Execution Blundering Traders
http://www.traderslaboratory.com/forums/trading-psychology/18065-realtime-execution-blundering-traders.html#post190406
https://www.elitetrader.com/et/threads/human-brain-is-wired-to-lose-in-the-markets.304541/
http://www.trade2win.com/boards/first-steps/223250-difference-between-amateurs-professionals.html
Mistakes make losing traders
http://www.trade2win.com/boards/educational-resources/223432-mistakes-make-losing-traders.html
Mistakes make losing traders
successful traders don't have time to post on forums.Forum losers' Content contributions are mainly short and useful for creating high advertising impressions . but nothing for the successful traders , but everything for forum losers.
http://www.trade2win.com/boards/t2w-feedback-announcements/155728-successful-traders-dont-have-time-post-here.html
Successful traders have an enlightened trading nirvana mindset.
http://www.trade2win.com/boards/psychology-risk-money-management/225742-trading-nirvana-enlightened-mind.html#post2957548
Strategy 1 on trade2win forum
A strategy for trading Dax /Dow making 100 ticks a week on average .
20 /30 profitable Dow Dax weekly 100 ticks profit
http://www.trade2win.com/boards/trading-journals/224896-20-30-profitable-dow-dax-weekly-100-ticks-profit.html#post2936040
Strategy 2 on trade2win forum
A stock trading strategy with options trading
775% profit option trade set and forget
http://www.trade2win.com/boards/futures-options/224072-775-profit-option-trade-set-forget.html
Strategy 3 on trade2win forum
A futures trading strategy with options trading
D t profitable weekly straddle strategy
http://www.trade2win.com/boards/futures-options/224830-d-t-profitable-weekly-straddle-strategy.html
Strategy 4 on trade2win forum
A trend trading support strategy for stocks trading
profitable support and resistance trading on stocks
http://www.trade2win.com/boards/stocks/224932-profitable-support-resistance-trading-stocks.html
Strategy 5 on trade2win forum
A trend trading support strategy
high probability trend trading
http://www.trade2win.com/boards/trading-systems/223498-high-probability-trend-trading.html
Strategy 6 on trade2win forum
A trend trading currencies strategy
high probability trend trading for currencies
How professionals trade forex
http://www.trade2win.com/boards/forex/223410-how-profeessionals-trade-forex.html
additional threads of use
t/a Market timing versus predicting roulette
http://www.trade2win.com/boards/technical-analysis/223866-t-market-timing-versus-predicting-roulette.html
Trend trading failure of trend breakouts
http://www.trade2win.com/boards/technical-analysis/224246-trend-trading-failure-trend-breakouts.html
No comments:
Post a Comment