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The market constantly changes. BUT What stays the same??


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The market constantly changes. BUT What stays the same??

  #1 (permalink)
LONDON UK
 
 
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The market constantly changes. BUT What stays the same??

So the markets are always said to be constantly changing.
This is true to me in that we have bull markets bear markets.
Consolidation periods, periods of high volatility and sleeping periods.

However What i want to know is if markets constantly change how do you keep winning?

The answer comes down to what in the market is a constant that you can always capitalise off?

Im asking what is consistent in the market.

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  #3 (permalink)
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My answer is as simplistic as your question: The more things change, the more they stay the same. That's how you continue making money.

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  #4 (permalink)
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Mike that doesnt really answer the question at all.
What stays the same as you say?
Are you saying the only constant is inconsistency.
It is not possible to profit from something that is truly inconsistent because something truly inconsistent has no repeatable observable pattern.

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  #5 (permalink)
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xylem View Post
Mike that doesnt really answer the question at all.
What stays the same as you say?
Are you saying the only constant is inconsistency.
It is not possible to profit from something that is truly inconsistent because something truly inconsistent has no repeatable observable pattern.

Do some research on crowd psychology and you'll better understand.

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  #6 (permalink)
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its not only the market....but a person also changes every single sec. change is a constant in this life.

however there were great traders in the past, there are today...& there will be in the future till the day markets exist.

hard work and determination can however change the way one looks at markets as it unfolds, however one does need a repeatable edge and discipline if edge fails at times. Markets are a constant change but made of folks who do have some repeatable nuiances. just my 2 cs

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  #7 (permalink)
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xylem View Post
Mike that doesnt really answer the question at all.
What stays the same as you say?
Are you saying the only constant is inconsistency.
It is not possible to profit from something that is truly inconsistent because something truly inconsistent has no repeatable observable pattern.

I guess by stating "The more things change, the more they stay the same" Mike points in the direction of human behavior. Greed, fear, denial, hope, the reptilian brain will always be with us human species.
Traders make an effort to identify other market participants' expectations influenced by these emotions.

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  #8 (permalink)
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You need to have a plan/strategy for each market type, or a strategy that works pretty well in all market types. Trading higher time frames are easier in that markets don't change as often on higher time frames as they do, say, intra-day, where you can have trend days, consolidation days, high & low volatility days, all in the same week. However, with daily or weekly time frames market characteristics take longer to manifest themselves and the intra-day/week changes are just noise.

If trading intra-day it may take 1/3rd of a day to figure out what kind of day it is and by then the trading opportunities may be limited. You're better off trading support & resistance intra-day and right-size your positions according to the current volatility regime.

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  #9 (permalink)
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is it not Ed Seykota who wrote: The markets are the same now as they were 5 or 10 years ago, because they keep changing - just like they did then

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  #10 (permalink)
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shodson View Post
You're better off trading support & resistance intra-day

This works for me, overall.

We only need things to be "slightly consistent", to make money overall, with good money management.

Previous support and resistance don't have to be forthcoming support and resistance, but they can be often enough to give us a bit of an edge, and fortunately that's all we need.

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