MightyOne wrote:If you do not want to be a discretionary trader then why are you reading these posts?
I haven't said this.
I would like to be a discretional trader,
or technical one, or any combo in between.
Only one thing - I would like to be profitable trader.
You cannot imagine, what I have to read
in order to achieve this!
For example, check my latest reading (not too bad by the way):
"Trade Chart Patterns Like The Pros" by Suri Duddella.
There are plenty of chart patterns there with brief instructions, how to trade them. I cannot say for sure, whether it is
discretional or pure technical approach (mix probably).
It would be great (for me) to have them all programmed in one indicator!http://rapidshare.com/files/377551509/TCPLT.zip
You do not need to read anything.
You need to believe in your self when there might not be a reason to do so.
You need to believe that you know what you don't know.
You need to believe that price will do what it might do.
You need to believe in your ability to trade perfectly.
You need to believe that a loss is not a reflection of your skill as a trader.
And when you lose faith in yourself as an analyst and trader then you need to regain that faith (beer helps)
You need to value money as much as you value potting soil; it has no value aside from growing what you desire.
You need to be both logical and illogical:
Trust in the Lord with all your heart and lean not on your own understanding
; in all your ways acknowledge him, and he will make your paths straight.