soooo true, the pattern just keeps repeating.the newbie problem is finding there strengths,and to do this we must explore the options,
ive tried it almost every way, in running ,trying to seed markets and get filled at large prices to lay off.dutchng,scalping ,etc ,
i dont know what mine is yet,i thought i could scalp and was doing ok ,but when the big money guys left the betangel markets changed,and they are still in my opion pretty unstable prices jump very quickly,also for a newbie its getting to know what markets ,and on what days to stay away from,one thing i know for sure ,no 2 days are the same, im goina get some money togeather and go to peters class and buy some monitors etc ,also did any one notice on peters master class website that hes releasing new videos with a monthly subscription ,im hoping he is goina show people how to make some money ,if he would publish that book it would help alot of people like me,
Regards
Marc
Nice trading quote
Marc -
Why not ask yourself 'What do I actually know about the markets, and what do I merely think I know? What basis in fact do I have for my beliefs about the market?'.
When you realise how little you do know (indeed, how little probably is knowable), it's either a liberating or a painful experience IMHO!
Humans crave certainty, but in chaotic markets it's in scarce supply...
Jeff
Why not ask yourself 'What do I actually know about the markets, and what do I merely think I know? What basis in fact do I have for my beliefs about the market?'.
When you realise how little you do know (indeed, how little probably is knowable), it's either a liberating or a painful experience IMHO!
Humans crave certainty, but in chaotic markets it's in scarce supply...
Jeff
"When popular opinion is nearly unanimous, contrary thinking tends to be most profitable. The reason is that once the crowd takes a position, it creates a short-term, self-fulfilling prophecy. But when a change occurs, everyone seems to change his mind at once."
The Crowd: A Study of the Popular Mind by Gustav Le Bon (published in 1925 - plus ca change!)
The Crowd: A Study of the Popular Mind by Gustav Le Bon (published in 1925 - plus ca change!)
FERRU..
the simple thing seems to be working ..yeee ha..
to-day i made 28 trades (with toy money)using a 30 quid bank and made approx 2.50 per trade .1 loss of 18.50 which could have been avoided ,ill try one more day of play money on tursday .and if it continues ill have found my wee edge.
Regards
Marc
the simple thing seems to be working ..yeee ha..
to-day i made 28 trades (with toy money)using a 30 quid bank and made approx 2.50 per trade .1 loss of 18.50 which could have been avoided ,ill try one more day of play money on tursday .and if it continues ill have found my wee edge.
Regards
Marc
Not a quote, but some advice that's applicable to trading: http://sethgodin.typepad.com/seths_blog ... ckler.html
Euler - Any chance we could have a section in the forum for psychology-related posts, please?
Jeff
Euler - Any chance we could have a section in the forum for psychology-related posts, please?
Jeff
“Now, be honest. If you have ever bought a stock, why did you buy it and not one of 10,000 others? Of course, you expected the price to go up. But why did you expect that the price would move up? Did you receive a hot tip from your brother-in-law? Did your broker want to reward you as a (supposedly) favored customer? Did you read something in an obscure place? Whatever your reason, somehow you thought that you had the inside track on that stock, and that you knew something the market didn’t. You thought you had an edge, and you wanted to take advantage of your special knowledge. So then you too have a bit (or a lot) of larceny in your heart, and you too want your unfair share of the market. You and I then have something in common; we’re human.”
From The History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff (http://www.amazon.com/History-Greed-Fin ... 0470601809).
Jeff
From The History of Greed: Financial Fraud from Tulip Mania to Bernie Madoff (http://www.amazon.com/History-Greed-Fin ... 0470601809).
Jeff
"Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whom have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong."
Jim Rogers
Jim Rogers
Yes, you only need to look at the price movements on the horses close to the off to see that you know jack shit most of the time - track insiders always get it right , and it usually bears no relation to tipsters or your own opinion 
And on the few occasions there is something clear-cut, we know genius punters like JollyGreen are out there gobbling up the prices far in advance
I give up Jeff.
And on the few occasions there is something clear-cut, we know genius punters like JollyGreen are out there gobbling up the prices far in advance
I give up Jeff.