The market will not trade against you.
Only your mindset will make yourself trade against you.
Only your mindset will make yourself trade against you.
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Does the market trade against you? 3 replies
DislikedHi
Have you ever felt like the market is just waiting for you to enter, then it goes the other way? Then just as you get out, the market seems to reverse and go exactly where you thought it would when you entered? It almost seems that the pros know where your emotional decisions will be made, then they trade against you! ...Ignored
DislikedThe market will not trade against you.
Only your mindset will make yourself trade against you.Ignored
DislikedI feel that the market is out to get me all the time. They're also tracking every site I surf, every email that I send or read and all my phone conversations.
It's a conspiracy.Ignored
DislikedHi
Have you ever felt like the market is just waiting for you to enter, then it goes the other way? Then just as you get out, the market seems to reverse and go exactly where you thought it would when you entered? It almost seems that the pros know where your emotional decisions will be made, then they trade against you! ...Ignored
DislikedBullshit! The market is not some anonymous, inanimate thing. It's a collection of people making decisions to buy and sell. They base those decisions on a multitude of factors, one of them being psychology. For some it's pretty damn easy to see where some people will put their buy orders and where they'll tell themselves they're wrong.
So to address the OP, yes, sometimes you are lured into going long and then it reverses as soon as you enter. It's called a bull trap. You've decided that if price reaches point X, you're going long. Well, do you really think you're the only person who thinks that going long at point X is a good idea? Do you really think that others can't figure out where you're going to stop out at once price reaches point X?
As a very brilliant man once told me, "You're either a zoo keeper or a zoo inmate" (he was referring to Slaughterhouse 5). If you feel that the market can read your every move, guess which you are.
Trading is about outsmarting others, it's not some computer game.Ignored
DislikedI see that there is not yet an attachment to this thread, i attach an image
Hope some of you can have a nice laught looking itIgnored
DislikedThis is cliche to the point that I can't stand reading it anymore.
The truth is, the biggest obstacle anyone has is overcoming the randomness of the market.Ignored