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What do you absolutely know about the Market?

  • #81
  • Edited 5:21pm May 23, 2011 10:14am | Edited 5:21pm
1.Bulls make money. Bears make money. Pigs get slaughtered.

2.Don't fight the daily trend (not to be confused with trading the longer time frame).

3.It is better to be out of the market wishing you were in, rather than in the market wishing you were out.

4. The first cut is the cheapest.

5. The market knows where my stops are located.

Regards,

BabeFX.
  • #82
  • May 23, 2011 11:50am May 23, 2011 11:50am
Quoting BabeFX
...3.It is better to be out of the market wishing you were in, rather than in the market wishing you were out....
True that.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #83
  • May 27, 2011 7:39pm May 27, 2011 7:39pm
It's not what it used to be.
I'm in it only as much as and as long as is required, as little as possible.
Carpe Divitiae
  • #84
  • May 27, 2011 7:48pm May 27, 2011 7:48pm
Quoting CindyXXXX
What do you absolutely know about the Market?

That it moves - every single day.
  • #85
  • May 27, 2011 8:49pm May 27, 2011 8:49pm
-Whales.

-Sharks.

-And fish.

When does the whale gonna eat, when does the shark come and where is the fish.
  • #86
  • May 27, 2011 9:32pm May 27, 2011 9:32pm
The sole purpose of the market is to find that point where there is an equal disagreement on value and an equal agreement on price. It does this instantaneously and constantly.

This lead to some truths that are missed by many:

* There is no such thing as overbought or oversold.

Since there is a buyer for every seller, there is no such thing as a crowded trade.

*There is no such thing as bullish or bearish consensus.

If a survey says, "the street" is 89% bullish, all that actually means is they have not asked enough bears yet.

* The market never "over-reacts".

All prices represent a buyer and a seller coming together and therefore all prices are valid. When a trader says the market over-reacted, that trader is really saying that price moved further up or down than the trader thought it would.
  • #87
  • May 28, 2011 5:15pm May 28, 2011 5:15pm
The market can stay irrational longer than you can stay solvent.

Although it was Keynes who first said it, I have discovered this to be true myself. And not just once.
Evidently Keynes traded fx and equities and experienced spectacular success and equally spectacular drawdowns.

Conclusion from that would be:
Don't fight the market*


-------------------------------------------------------------------

*Also known as "Don't fight the Fed" among people who trade the dollar, equities and commodities.
If you don't risk, you don't ever have to lose.
  • #88
  • May 28, 2011 7:00pm May 28, 2011 7:00pm
the market does what it does regardless of what you think or do it doesn't care where your stop or take profit is.

and going with that, you can't predict it, ever.
  • #89
  • May 28, 2011 8:05pm May 28, 2011 8:05pm
Quoting Volume Jedi
The sole purpose of the market is to find that point where there is an equal disagreement on value and an equal agreement on price. It does this instantaneously and constantly.

This lead to some truths that are missed by many:

* There is no such thing as overbought or oversold.

Since there is a buyer for every seller, there is no such thing as a crowded trade.

*There is no such thing as bullish or bearish consensus.

If a survey says, "the street" is 89% bullish, all that actually means is they have not asked enough bears...
I like this guy
  • #90
  • May 28, 2011 9:56pm May 28, 2011 9:56pm
Quoting >Apocalypto<
People make it move!!
Yep. And, if it "moves" we can trade it.

To steal a phrase from the movie: Predator.
  • #91
  • May 28, 2011 10:00pm May 28, 2011 10:00pm
Quoting bug
The market can stay irrational longer than you can stay solvent.
Keynes, probably had it right. Of course, I have another twist on it:

The market can remain solvent, longer than you can remain rational.
  • #92
  • May 28, 2011 11:16pm May 28, 2011 11:16pm
Quoting JetTrader
Keynes, probably had it right. Of course, I have another twist on it:

The market can remain solvent, longer than you can remain rational.
Now you're just raping words. A market is a place or means for participants to exchange goods/services/currency. A participant may become insolvent but not the market. The market doesn't have any assets or liabilities, therefore it cannot be said to be or become solvent or insolvent.
If you don't risk, you don't ever have to lose.
  • #93
  • May 28, 2011 11:45pm May 28, 2011 11:45pm
What do you absolutely know about the Market?


Markets are uncertain.
Trade responsiblypatience is the key/Swing trader
  • #94
  • May 28, 2011 11:46pm May 28, 2011 11:46pm
price is unpredictable the behavior of price is not
AVT INVENIAM VIAM AVT FACIAM
  • #95
  • May 29, 2011 1:14pm May 29, 2011 1:14pm
man sees the universe as this big complex thing they cannot understand.. and that is why we as human's have not conquered the universe

but one day man may figure this shit out and see that the universe is actually quite simple

then man will take over the final frontier


or.. man will never understand the simplicity of the universe


thats what I know about the market...
  • #96
  • May 29, 2011 1:54pm May 29, 2011 1:54pm
Quoting newyear498
man sees the universe as this big complex thing they cannot understand.. and that is why we as human's have not conquered the universe

but one day man may figure this shit out and see that the universe is actually quite simple

then man will take over the final frontier


or.. man will never understand the simplicity of the universe


thats what I know about the market...
Profound....could you tell us a little of what you know about the market?
All systems of divination, like music itself,work through patterns.
  • #97
  • May 29, 2011 2:09pm May 29, 2011 2:09pm
Quoting kaspopsicle
Profound....could you tell us a little of what you know about the market?
like the universe constantly trying to be understood

the market is constantly trying to be understood
  • #98
  • May 29, 2011 2:15pm May 29, 2011 2:15pm
Quoting newyear498
that like man trying to understand the universe

the market is constantly trying to be understood

doh ...theres me thinking we're all just trying to be one step ahead of the market movers....will consider the universe next time we go sideways....or go to the music room.
All systems of divination, like music itself,work through patterns.
  • #99
  • May 29, 2011 2:23pm May 29, 2011 2:23pm
Quoting kaspopsicle
doh ...theres me thinking we're all just trying to be one step ahead of the market movers....will consider the universe next time we go sideways....or go to the music room.
?
  • #100
  • May 29, 2011 2:42pm May 29, 2011 2:42pm
Quoting newyear498
like the universe constantly trying to be understood

the market is constantly trying to be understood
If I go any further into these topics it would go into the individual trader

so I started talking before I learned Cindy specifically wants to avoid this.


So I'll stop right there.. if I had known ahead of time to avoid conversation about the individual trader I would have simply said

"the market is constantly trying to be understood"



However another thing I know about the market is its a collection of traders... so its kinda like a catch 22.. I want to talk about the market and the market consists of individual traders

but Cindy does not want to go into individual trader.. so I don't have much to say then...
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