It is interesting to make a self-assessment of our journey. Why are attempts to be consistently profitable in the market is elusive and yo-yo. It is our inability to see beyond where we are. How and why we are in this state!
We need reflect what the market is all about. NOT what we think it is all about. IF what we think do not jive with what the market IS, than our results will forever be yo-yo inconsistent.
Than we start to formulate our template and strategy to test out. So that we are CONSISTENTLY IN-LINE with the market. NOT market in-line with us.
Forget everything that we were told. Forget everything that we believe. Forget everything that we are taught. COME WITH A CLEAN MIND. NO PAST.
Whichever method that we use, we cannot avoid the price chart.
We need to understand the BASIC of the chart and the direction. Understand WHEN it change direction and HOW to confirm this happening.
Don't every dream about forecasting or even try to do forecasting when you have not understand and master the BASIC.
FORECASTING is what I consider the TERTIARY level. A plus if you can but NOT mandatory.
If martial art practitioners will be repeating their basic training from the start for each session, do you think we can ignore and the basic no matter how simple it seems. This is we term as DISCIPLINE
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