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biko77
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Posts posted by biko77
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We shouldn't forget the ags either. Corn and soybeans are great for TA. You can read them like a book. $ per tick tends to be a bit smaller as well.Consider this: why are all newbies drawn in to fx, NQ, YM, ES,... ? The underlyings are so much harder to decipher than the corn crop. Basic demand and supply.
If we work on the premise that all good trades are based on a time frame larger than that the trade is managed on, then the softs, metals, grains etc are ideal as the majority of participants are fundamentally longer term. ES, YM, GBP/USD are stuffed with funds, HFT's, etc.
Words like liquidity are meaningless to someone putting on a 1-2 lot trade. The reason why every newbie is suckered in to the ES etc is because the exchange give the lowest rates....commissions to the newbie/retail firms. They need new money to add liquidity for member firms HFT algo's to fleece day in day out.
If you're gunna trade ES, EUR/USD etc you better know your stuff because thats where the smartest and biggest money is. Same for Bonds 10, 5, 2 yr (although the FI contracts are a bit easier IMO for the reasons above).
Ags may not seem sexy or hot, but this is about money and learning. Sure you may get a limit up move. But thats a learning process. Also, you may get on the right side!!
Good call. I've always thought the same
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none of the above. Seriously, Bernanke was a tenured professor at Princeton University and was chair of the Department of Economics there from 1996 to September 2002.
Is it more likely that HE is the idiot, or the are the morons who attack him the idiots? (a la Sarah Palin)
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[quote name=SRspider;119000I realized that as long as I had a plan and the trade I took was part of the setups in my plan then' date=' if I won or lost, it really didn't matter. I had already won, since I followed my plan.
SRspider[/quote]
exactly. I've told this to many traders who are struggling. The other side of that coin is, when they make money on a trade, but they violated their rules, that is not success. I'm reminded of 'If' by Rudyard Kipling, and the line:
"If you can meet with Triumph and Disaster
And treat those two impostors just the same;"
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This is true. At its roots is part biology and part psychology. It takes real courage to look into the mirror and own that you are responsible for the life you are creating. It is much easier for the emotional brain to place blame outside of the self for the discomfort it experiences. And in our evolutionary past, this was a good strategy. There are no longer lions, tigers, and bears that staulk us. It is our own inner demons that we have to face. It is much easier to empower the self short term by placing blame outside of the self. Emotions are all short term driven. And men, in particular, have pushed their emotional nature aside in our socialization. It comes back to haunt us though.Rande Howell
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Do you think it's accurate to say that many of our fears can be eliminated simply through rationale? In other words, by examining and questioning why we fear the things we do, we can expose the fears for the illusions they are? That is my basic premise, but my desire is to apply it to other areas of life
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What I like about trading for the development of our humanness is that it leaves you little choice about confronting the self. This opens us to an enormous possibility of growth.Rande Howell
Awesome. That's one of the concepts I've been discussing in recent months with my good friend. To evolve as a person, you have to be able to face yourself in the mirror. I don't believe that most people can honestly face themselves in the mirror and recognize their weaknesses/areas to improve. You can spot these people because they are always pointing the finger at everybody else....even to the point of hypocrisy: calling out others for doing the same things that they themselves are guilty of. Interesting topic
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You are right. That's yin and yang at work again. The more you look beyond the surface of things you see yin and yang all over.
Shadow Traders
in Trading Products and Services
Posted
because those of us who have been at this for a while know the game. We know how tough it is to make money, let alone consistent money, and we also know that if we had a consistent way to do that, we wouldn't be selling it to anyone.
The problem with your logic is that it would lead you to purchase every 'get rich quick' scheme that shows up on TV. After all, 'how can you know it won't work until you try it?' !