Just the chatter of mind
I must reveal that this is my personal chatter of mind, not necessarily I am saying, this is the only truth. Intent is not to hurt anyone but to share personal thoughts.
Being a successful consistent money maker in financial markets is always a battle between an analysist and trader. There are several thoughts about importance of analysis, uselessness of analysis. One successful trader will say only discipline is important another one will say both analysis and discipline is important. Someone will say I am a great technician and no matter what I will do adjustments in a trade and will come out of it at list breakeven. Someone will doctrine day trading and rest will swing trading. Someone will say markets are random and think like it as a casino over the batch of trades as casino will always have a probabilistic edge. Some one will say skip emotions and be mechanical. Some one will say keep faith in your own analysis. Someone will say, do not use indicators and other one will say see naked price action, as price is the God. Someone will say find a mentor and other one will say be your own mentor. Some one will say observe supply and demand. Someone will say it is ridiculous. Elliott wave is the key or neo wave is the key. Fibonacci extensions will help, or Fibonacci retracements will help. Some one will say follow 1 day and some one will argue on a weekly. Someone will say use 3 timeframes at a time, and some will say nothing about it. Some one will discuss candlestick patterns and some one will say its of no use. Some one will say look at order flow and some will say look at volume at price.
Isn’t its highly confusing and I believe it is.
There is a famous thought I always believe “Believe that there is nothing to understand”
If we take all these methods and difference of opinions about financial market, then is it confusing or helpful?
To me it appears to be confusing as well as helpful, as without having difference of opinion at same time markets wont trade, isn’t it?
Imagine having a situation when everyone wants to buy then who will sell? And vice a versa
What is right and what is wrong appears to be worthless in long run, what works for you is the highway…..
I must reveal that this is my personal chatter of mind, not necessarily I am saying, this is the only truth. Intent is not to hurt anyone but to share personal thoughts.
Being a successful consistent money maker in financial markets is always a battle between an analysist and trader. There are several thoughts about importance of analysis, uselessness of analysis. One successful trader will say only discipline is important another one will say both analysis and discipline is important. Someone will say I am a great technician and no matter what I will do adjustments in a trade and will come out of it at list breakeven. Someone will doctrine day trading and rest will swing trading. Someone will say markets are random and think like it as a casino over the batch of trades as casino will always have a probabilistic edge. Some one will say skip emotions and be mechanical. Some one will say keep faith in your own analysis. Someone will say, do not use indicators and other one will say see naked price action, as price is the God. Someone will say find a mentor and other one will say be your own mentor. Some one will say observe supply and demand. Someone will say it is ridiculous. Elliott wave is the key or neo wave is the key. Fibonacci extensions will help, or Fibonacci retracements will help. Some one will say follow 1 day and some one will argue on a weekly. Someone will say use 3 timeframes at a time, and some will say nothing about it. Some one will discuss candlestick patterns and some one will say its of no use. Some one will say look at order flow and some will say look at volume at price.
Isn’t its highly confusing and I believe it is.
There is a famous thought I always believe “Believe that there is nothing to understand”
If we take all these methods and difference of opinions about financial market, then is it confusing or helpful?
To me it appears to be confusing as well as helpful, as without having difference of opinion at same time markets wont trade, isn’t it?
Imagine having a situation when everyone wants to buy then who will sell? And vice a versa
What is right and what is wrong appears to be worthless in long run, what works for you is the highway…..
