In anything that we do, we will describe our experience in the process as ... difficult, complicated, simple and easy. Taking the challenge and making the decision to walk the path to make financial markets as my source of income is not easy and full of many trials/errors.
Back in the 90s when and where there are not too many good experience traders plus teachers, learning become DIY. This DIY process is a tedious and very challenging while trying to figure out what makes the market ticks and what are the common behaviors.
There are many books addressing different issues or discussed different areas. But we do not and still have come across any materials that covers A to Z mastering the art of trading/investing.
On one hand, we have the volume analysts that will always seek volume to confirm any opinions and the other end is the Point Figure practitioners that ignore volume completely.
The truth is we are dealing with a NON static and NON linear behavioral emotional market. While any technique is applicable, the key is profitability and consistency accommodating all different trends evolving. Ideally the simple is simple and straight forward.
The challenge is not about BUY and SELL signal but the system allows you to understand the trend, the motion and with extras of warning you the changes taking place.
Some technique will focus on price projection or forecasting without any preparation WHAT IF IT FAILS TO MATERIALIZE? Dies prematurely!!!! Exceeding the target is not the problem, the problem is when it fails to hit!!! How does one prepare for this???
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