Ok, so it is well known that the market as a way of spanking hard all new day traders.
My experience as well - lost a huge amount of money since 2006.
The thought has always occurred to me that if I HAD DONE THE EXACT OPPOSITE I would
have made A LOT of money.
So, why haven't the genius programmers created a trading system that does this, and secondly
why hasn't some genius opened a company and said WELCOME NEW DAY TRADERS, come trade on our system
and we'll front you the money - and then have the traders computer execute the exact OPPOSITE that the
The following user says Thank You to BobsHobby for this post:
Newbie traders don't necessarily enter in the wrong direction but exit at locations where it serves to hurt them. Most of them have no conception of scaling properly which can't really be mimicked in opposition. Even if you were to take the opposite position it doesn't guarantee success either because of random market noise. This is the same as going to the casino and doing the exact opposite of what a failed black jack or poker player would do. You might be able to get a hand or two right but you won't be applying anything strategic as the failed player is reacting to their emotions from seemingly random events. Try to build a system that fails and do the opposite and you'll see what I'm talking about. I've tried it before a few times, most people have.
The following user says Thank You to Itchymoku for this post: