Disliked{quote} okay thanks for answer. May I ask. What do you mean by MM-s? And algo? Because if someone understood "algo" then he/she would trade every movement without problem, right? I'm a true believer in Supply and Demand myself. Zone for me is a place where most people will decide something - even algos but its human programmed to make a decision in certain places all the time. This algo for me exists but not this kind of algo that "is creating price" if you know what I mean. If you didn't understand very well then I try to explain a bit more.Ignored
i dont know why everyones so scared of algos or gives them this godly omniscience of being all knowing and running the market. An algo is only as good as the schmuck who coded it LOL...it coulsd be some near sighted nerd who picked his nose as a kid and ate the boogers and we should be scared of that?...i think its insane to attribute a godlike power to algos,ea's and robots and such
i think a very big reason for the 95% failure rate of traders is because they want to automate and have some script trade for them while they sit at the beach drinking pina coladas id be willing to bet the failure rate was much lower before the advent of computers since people had to learn TA drawing their own charts at home using a pencil and graph paper like livermore and wyckoff had to using just the prices printed in newspapers
trade like the 5% contrarians not the 95% losers
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