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who is successful trader on BMT
Started:December 17th, 2014 (04:34 PM) by lexxmd Views / Replies:3,410 / 31
Last Reply:April 23rd, 2015 (01:51 PM) Attachments:0

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who is successful trader on BMT

Old April 23rd, 2015, 01:28 PM   #31 (permalink)
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Markets are predictable. Not 100% predictable, but predicable enough to do better than a coin flip...much better.

You have that right. Once you know how to determine absolute direction and understand wave structure you move the odds in your favor. You just need to believe what your eyes are telling you.

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Old April 23rd, 2015, 01:51 PM   #32 (permalink)
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I think a lot more people would be successful if they followed the rules they've learned to work like following the trend and not revenge trading. The main problem with the market for most is that it's constantly changing and when it starts consolidating and ranging after a nice trend day the trader gets bored after getting stopped out a few times thinking maybe they could make money a different way. Sometimes even the worst long term systems will work incredibly well short term for a session. There's been times I've tested a new trading idea and got 10 or more trades in a row dead on. I was elated with excitement thinking that I was successful just to realize that in the next few days I gave all the profit back trying to replicate the same success. I'm sure everyone has also tried the doubling down strategy with some success too. So success should really be based on long term results. Sometimes that takes more than a month.

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