Thursday, May 23, 2019

Your Edge or Advantage versus the rest???

A checklist of criteria needed to be WINNER will include  having

1. Consistent profitable system

2. RRR in favor of rewards

3. Mental Psychology

4. Capital management

5. See things differently from the rest.

All materials available on the above are pretty standard and readily available - accessible to anyone who takes the effort to search. Than you are one of the NORMAL standard quality grade.

The key question is HOW DIFFERENT will your 1-2-3-4-5 above develop into a KEY ADVANTAGE that will outperform the NORM bringing you into the Top 10%.

We can all have the same 1-2-3-4-5 above BUT without the ability to go beyond the TEXTBOOK materials you will never progress to the next higher level. Your mindset will remain at TEXTBOOK level. Your analysis will remain at TEXTBOOK level. Your interpretation will remain at TEXTBOOK level.

Some subjects are blown out of proportion that one sees the tree and miss the forest. It becomes micro-scopic analysis instead of macro-analysis.


Before one attempts to Predict or Forecast targets, can you follow the most basic simple act of determining Trend direction. Next will be Direction change. Followed by measuring Trend  power.

I do not encourage forecasting if you can't get the basic foundation correct.   

I can determine Trend Direction confidently without using Candles. Can you?

I can determine Trend Power confidently without using Candles. Can you?

All this can be achieved with the aid of proper indicators and tools.
    

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