Disliked{quote} For me there was no fake yesterday, and Tuesday's was relatively easy as it was up into the H1 200sma, so when it turned and closed below the 1m 20sma, that was the place to short, AWAY from a big moving average. Today I was expecting the price to move up, though I wasn't sure whether the support would hold. Simply because it did not keep on going south, left a pretty long lower stalk on the 1m tf, followed by 5 successive positive candles, was a strong indication that it would rally. Hang on in there, no one said trading was easy, but you...Ignored
You know I was thinking about Phd candidates, many of them sacrifice 5 or more years of their lives into their "supposedly" favourite subjects hoping to achieve some sort of recognition. I bet not many earn the recognition they wanted or deserve after all those years. Many may even end up unemployed or working a job that they have no passion for. As with trading many people join the parade hoping to make millions in a day, week , month or a year soon realise how difficult the journeys going to be much like training for a neuroscience Phd, or any other Phd for that matter. But how many of us are wiling to put the time and the effort that is required to achieve consistent result ? Not many.
We want fast results. Well for those who's still hanging on (like me) who's in the middle of the journey still hasn't figured it out yet, quitting does often invade our thoughts however it feels like we've come this far for nothing if we decided to quit now. At least with Phd if you decide to quit in the middle you get your masters. But what do we get ? I don't know, I don't want to abandon what I have achieved up until now. I don't think I'll completely quit trading. I've put so much effort in it already. It feels too precious to end it all.
If you think about it everything in life is a gamble doing a Phd doesn't guarantee you a full time job at a uni much like studying trading doesn't guarantee you'll earn a living from trading alone.
Tape reading is an ART
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