2009.06.24 WHY 95% OF TRADERS LOSE PART III

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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 23, 2009 10:49 pm

"Who Took My Money?"


ask a gambler

rich dad said, a professional investor need to know three things, they are:

when to enter a market?
when to exit a market?
and how to get their money off the table?

as a investor, you need to looking for a market signal to enter, a plan to exit, and when to get out, amateur investors leave their money sitting on the table and eventually lose it all, why do they lose it all ? I asked, because eventually the market wins, the market gives and the market takes it all back if you just let your money sitting there.

between 2000 and 2003, many people broke the rules by leaving their money in their retirement on the table, many people bet their entire financial future on roll of the dice, even after losing, many those seeing millions of the people still have their money on the table, hoping the market will come back, and they can make up their losses. every professional gamblers know when you betting money to make up for your losses, it is time to stop, it is time to get away from the table, take a break and look for a new options. unfortunately, do the current rules of many retirement plan, millions of people can not step away from the table, many investor are no timer plan that penalize them step away from the table and put their money in different investments.


words of wisdom

don't counting your money while you sitting on the table, those the pricessless wisdom followed by profesional gamblers


three very important rules that professional gamblors and investors follow, they are:

1. as long as your money is on the table, it is your money, as long as the money in the game, the money belong to the game, not to you

2.the game is more important than counting money.

3.the object of the game is to get your money off the table, and still remain on the game, a professional gambler or a professional investor ultimately want to play the game with OPM, other people's money. that is the object of the game


the four kinds of money are

your money,
the bank's money,
the tax man's money, and the house's money,

a professional gambler want to be playing the house money as soon as possible, while in las vegas, if I put my money back in my pocket, and only played with my winning, that is a example of playing in a house money

as a professional investor, I want to

invest my money into my asset ,
get my money back,
keep control of the assets,
then move my money into a new asset,
get my money back again,
keep control of that asset,
then repeat the process, this process is called the philosophy of money, it is one reason that richer get richer and average investor risks losing at all.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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jz166
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Postby jz166 » Thu Sep 24, 2009 2:43 am

"Of course, I had to write an indicator."

:mrgreen:

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Postby TheRumpledOne » Thu Sep 24, 2009 3:04 am

What is price action?

Let's take a look....

Most trading charts are 2 dimensional. Price on the vertical or Y-axis and time on the horizontal or X-axis.

Price either moves up or down. The distance price moves over a period of time would be its speed or velocity. The distance price covered from high to low would be its range.

Therefore, price action would be the movement of price over a period of time and its velocity. In other words, how far did it move and how fast was it moving.

Any other definition complicates the issue and misleads the trader.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby jz166 » Thu Sep 24, 2009 3:12 am

good explanation for PA! thnx!

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Postby TheRumpledOne » Thu Sep 24, 2009 10:16 pm

I updated the BuyZone for Dummies to work on 4 or 5 digit brokers.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Sep 25, 2009 11:02 pm

Inattentional blindness
From Wikipedia, the free encyclopedia

Inattentional blindness, also known as perceptual blindness, is the phenomenon of not being able to see things that are actually there. This can be a result of having no internal frame of reference to perceive the unseen objects, or it can be the result of the mental focus or attention which cause mental distractions. The phenomenon is due to how our minds see and process information. Closely related to the subject of change blindness, it is an observed phenomenon of the inability to perceive features in a visual scene when the observer is not attending to them. That is to say that humans have a limited capacity for attention which thus limits the amount of information processed at any particular time. Any otherwise salient feature within the visual field will not be observed if not processed by attention.

Also related to this is the phenomena of blind people who later in life gain sight. Their processing of the visual stimuli does not allow them to identify objects easily, effectively they can see but are still perceptually blind.

====================================

This is the reason why I want you to learn to SEE PRICE.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Sep 25, 2009 11:04 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Sep 25, 2009 11:08 pm

Image

Is there something "wrong" with this picture?

TO BE CONTINUED...
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!!!! candles_solid_colors_reversed.tpl
(593 Bytes) Downloaded 80 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Fri Sep 25, 2009 11:14 pm

Image

Why don't we use charts that look like these?

Maybe we would SEE which way price is moving because we would actually have to LOOK at which way price is moving INSTEAD of relying on the color of the candle. Hmmmmmmm.....

Is that why Jacko tells you to ask a 5 year old which way price is moving?
Attachments
!!!! candles_solid_same_color.tpl
(614 Bytes) Downloaded 66 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby cr0cop » Mon Sep 28, 2009 8:35 pm

interesting.......................

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