The quest for trading perfection seems to be most peoples one and only objective ….forums are full of people banging on about how they've conquered that particular gift of making money and try to bluff everyone with their ridiculous claims....their motives are very questionable btw.
Back in the real world of course it's a different matter.....banks, brokers, mms whoever the hell it is are on a mission 24/5 to beat retail traders, and they know a bit more about trading than Mr average joe bloggs, not to mention of course that they can also see exactly how the land lies and can simply take big positions as and when they need to take most money from us.
All the fancy indicators in the world cannot prevent that, and are actually the biggest part of their con trick by leading the unwitting retail trader exactly where they want to take you via the indicators.
A trader may get a small bite here and there, but nowhere near frequently enough to make it worth their while both in terms of time spent fixated to a chart and profit gained (if any).
The general geo-political climate has without doubt made trading more difficult than ever before, and the big boys are even smarter and cuter than they used to be, with many tricks up their sleeves to defeat the retail trader. Back in the day, it certainly seemed easier to make money trading imo, the market seemed more expansive then, nowadays though the ranges seems to have shrunk, but I could be wrong on that.
All that said, I'm still making profit, just not as quickly as I once did. My method has hardly changed, whereas my patience when actively involved with a trade has needed to become more extended, and I think this is really the key, certainly in my case with regard to the way I trade.
I suspect that others may feel the pinch more (especially as so many seem to trade low t/fs), but would never admit it.
I don't buy into all the indicator stuff these days (although I used to)…. they are traps imo. I fair better by knowing what a higher t/f is doing, then trade from the daily when I see a suitable retracement, and then jump back on to what I consider to be the underlying market direction or as some might call the so-called trend.
It's simple and probably the real basis if truth be known, for the actual way that most trade, even though it may be called something fancy. The problem for most is of course their impatience, and it is pretty obvious to me that there are few, if any that are capable of successfully trading the low t/fs to make any kind of living from it.....the market will definitely not hand over your wages on a plate that's for sure and is much more likely to take your money instead for their own wages!
Back in the real world of course it's a different matter.....banks, brokers, mms whoever the hell it is are on a mission 24/5 to beat retail traders, and they know a bit more about trading than Mr average joe bloggs, not to mention of course that they can also see exactly how the land lies and can simply take big positions as and when they need to take most money from us.
All the fancy indicators in the world cannot prevent that, and are actually the biggest part of their con trick by leading the unwitting retail trader exactly where they want to take you via the indicators.
A trader may get a small bite here and there, but nowhere near frequently enough to make it worth their while both in terms of time spent fixated to a chart and profit gained (if any).
The general geo-political climate has without doubt made trading more difficult than ever before, and the big boys are even smarter and cuter than they used to be, with many tricks up their sleeves to defeat the retail trader. Back in the day, it certainly seemed easier to make money trading imo, the market seemed more expansive then, nowadays though the ranges seems to have shrunk, but I could be wrong on that.
All that said, I'm still making profit, just not as quickly as I once did. My method has hardly changed, whereas my patience when actively involved with a trade has needed to become more extended, and I think this is really the key, certainly in my case with regard to the way I trade.
I suspect that others may feel the pinch more (especially as so many seem to trade low t/fs), but would never admit it.
I don't buy into all the indicator stuff these days (although I used to)…. they are traps imo. I fair better by knowing what a higher t/f is doing, then trade from the daily when I see a suitable retracement, and then jump back on to what I consider to be the underlying market direction or as some might call the so-called trend.
It's simple and probably the real basis if truth be known, for the actual way that most trade, even though it may be called something fancy. The problem for most is of course their impatience, and it is pretty obvious to me that there are few, if any that are capable of successfully trading the low t/fs to make any kind of living from it.....the market will definitely not hand over your wages on a plate that's for sure and is much more likely to take your money instead for their own wages!
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