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What do you absolutely know about the Market?

  • #101
  • May 29, 2011 2:45pm May 29, 2011 2:45pm
I know NOTHING...... Except that price has momentum and that's what I trade.
  • #102
  • May 29, 2011 3:29pm May 29, 2011 3:29pm
Quoting tradestar1
I know NOTHING...... Except that price has momentum and that's what I trade.
All systems of divination, like music itself,work through patterns.
  • #103
  • May 29, 2011 7:44pm May 29, 2011 7:44pm
Quoting tradestar1
I know NOTHING...... Except that price has momentum and that's what I trade.
I'll gladly take the other side of your trade, and the other slower momentum traders. Who doesn't love a discount :-)
  • #104
  • May 29, 2011 10:25pm May 29, 2011 10:25pm
Quoting Nervousone
I'll gladly take the other side of your trade, and the other slower momentum traders. Who doesn't love a discount :-)
and I will gladly lighten your purse......lol
  • #105
  • May 29, 2011 10:33pm May 29, 2011 10:33pm
It's really boring on nights like tonight.
  • #106
  • May 30, 2011 1:15am May 30, 2011 1:15am
A stop loss is always a loss
  • #107
  • May 30, 2011 1:22am May 30, 2011 1:22am
Quoting Hodgires
A stop loss is always a loss
Not if you have locked in profit.
  • #108
  • May 30, 2011 2:18am May 30, 2011 2:18am
Quoting bug
No it's not! It's called protection. It doesn't matter if you are stopped out of a profitable or losing position, a stop loss serves to protect your capital from further depreciation which to some traders here is really important. A margin call is what I would call a real loss.
stop losses are bad, if you need a stop loss, you are not watching your trade properly
AVT INVENIAM VIAM AVT FACIAM
  • #109
  • May 30, 2011 2:58am May 30, 2011 2:58am
Quoting newyear498
like the universe constantly trying to be understood

the market is constantly trying to be understood
Neither the market, nor the universe is "trying" to be understood. They are simply a reflection of their respective participants.

I know the market tricks me into thinking I am smarter than I am.
  • #110
  • May 30, 2011 7:31am May 30, 2011 7:31am
Quoting Low
Neither the market, nor the universe is "trying" to be understood. They are simply a reflection of their respective participants.

I know the market tricks me into thinking I am smarter than I am.
I agree with what your saying but I'd just add that yes the respective participants you mentioned had to break down and find understanding in the market to trade it.. read paper, check TA.. etc.. then make a decision

thats the understanding I mentioned.. people are trying to understand it.. then the market reflects this.. however what I said is more the individual view we were told to avoid thinking in

looking from your perspective in more of the market terms I'd say your statement holds more logic
  • #111
  • May 30, 2011 11:10am May 30, 2011 11:10am
The Market is simply a machine that processes orders.

Regards.

BabeFX
  • #112
  • Jan 31, 2016 12:01am Jan 31, 2016 12:01am
“Speculation is dealing with the uncertain conditions of the unknown future'
'Markets aren’t chaotic, just as the seasons follow a series of predictable trends, so does price action.
Finally 'The trend is your friend except at the end when it bends'.
  • #113
  • Jan 31, 2016 12:48am Jan 31, 2016 12:48am
What I absolutely know about the market is:

As every moment that goes by its constantly changing.

This is like thought.
As each moment that goes by thought changes.

This is what I love about trading.
20 Pips a day keeps centerlink away
  • #114
  • Jan 31, 2016 2:30am Jan 31, 2016 2:30am
Markets are somewhat chaotic... This has been proved by professional traders and even I proved it for myself.

Just go into a small active stock like a penny stock being promoted, sell 100k worth of shares at market during a weak uptrend... That triggers a volume spike and a small price shift which others notice... The result is trend fails from that exact point where you placed your order, market sometimes slides backward for an hour or more.

There have to be a lot of weak hands built up to trigger a market slide or crash just from a large order which triggers the crowd to start moving the other way, but the fact it can be done consistently proves they are chaotic.
"Don't fear a bubble until it starts to burst."
  • #115
  • Jan 31, 2016 2:36am Jan 31, 2016 2:36am
Quoting tradestar1
I know NOTHING...... Except that price has momentum and that's what I trade.
Not exactly... What you interpret as momentum is actually psychological reinforcement. If the market moves strongly up, people holding longs are psychologically reinforced and more confident in holding those positions, and less likely to sell in the short term until fear builds up from price going sideways or sliding backward against their position.

This is why you get patterns like ascending wedges which fail in massive crashes... Each bounce upward reinforces the prior weak hands and keeps them comfortable and keeps their itchy fingers away from the sell button, but it doesn't change the fact that everyone piling into the move is a weak hand that will eventually panic and sell after the move finally fails.

However, markets do have exponential positive feedback which causes price acceleration. This is not momentum.
"Don't fear a bubble until it starts to burst."
  • #116
  • Edited 7:09am Jan 31, 2016 5:44am | Edited 7:09am
1) traders' tales are usually half lived, half lies
2) if one wants to be profitable, one should not talk about the market
3) the market's only purpose is to transfer the trader's accounts to the brokers' bank account.
4) On a long enough time line, the survival rate for everyone in the market will drop to zero.
5) If left un-managed profits are temporary and loses are permanent.
6) the risk taken is more important than the potential gain
  • #117
  • Feb 6, 2016 3:19am Feb 6, 2016 3:19am
Quoting Mingary

1) traders' tales are usually half lived, half lies
2) if one wants to be profitable, one should not talk about the market
3) the market's only purpose is to transfer the trader's accounts to the brokers' bank account.
4) On a long enough time line, the survival rate for everyone in the market will drop to zero.
5) If left un-managed profits are temporary and loses are permanent.
6) the risk taken is more important than the potential gain
1) ​Agree from a probabilistic perspective
2) Depends who you talk to
3) The markets purpose is to seek liquidity to facilitate trade. The broker/ trader is one example of the pyramid. There are many more operators involved and the broker is not at the top
4) Contradictory o 5
5) Contradictory to 4
6) Agree but one facilitates the other.
Time hides Nothing
  • #118
  • Feb 6, 2016 1:01pm Feb 6, 2016 1:01pm
candles/bars represent filled orders...find out where the big unfilled orders are before the market makes a candle out of it!
  • #119
  • Apr 26, 2016 2:23pm Apr 26, 2016 2:23pm
I know that no matter what you tell me is true about the market I will disagree with you and one day in 100% certainty I will be right

Inserted Video
Time hides Nothing
  • #120
  • Apr 26, 2016 8:20pm Apr 26, 2016 8:20pm
What do you absolutely know about the Market?

1. It moves, so there's possibility of profit which we all want.
2. Hoping in the market will result in more losses than profit.
3. Knowledge will greatly assist your trade to get a profit.

Knowledge includes and not limited to: experience, discipline in sticking to your plan, not being stubborn, not giving hope a chance, quick in taking loss without thinking twice or having emotions in the way, being patient if there's no setup then don't trade until there is, ...
bit . ly/fantestimonials
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