I am talking about a fool who makes money every month, not one that loses money .

Why are most retail traders usually on the wrong side of the market?

Huh? I am referring to a PAID analyst. A person who analyzes the markets on behalf of a brokerage firm for instance. Sometimes, they will get on TV and provide an opinion.

Why are most retail traders usually on the wrong side of the market?

I agree....but if I can find a fool who makes 5 figures a month...I would seriously consider paying attention to him!!!!

Why are most retail traders usually on the wrong side of the market?

I have one thing to say and PLEASE remember this.....analysts are not traders.

Why are most retail traders usually on the wrong side of the market?

Remember, there is no such thing as making a Wrong Trade when you are trading with the Right Strategy. You can have a Right Strategy that has a high probability of success...but in the midst of your trade a leader gets assassinated and your high ...

Why are most retail traders usually on the wrong side of the market?

Yep.....I guess Buffet trades everything. His claim to fame, is the equity markets....buying and selling companies like you and I buy and sell equities. Now that I think about it, I do recall him making some bad currency bets. But his enduring ...

Why are most retail traders usually on the wrong side of the market?

Being on the right side of the market means you are trading with the right strategy. I don't see where there is a conflict . I can look back on a lot my trades from years ago....and I was definitely on the wrong side of the market while trading ...

Why are most retail traders usually on the wrong side of the market?

Trust me....a novice trader starting out in FX will trade "wrong" for a very long time unless he has an experienced and competent mentor to guide him thru the rough spots. One "wrong" thing that novice traders do is trading without patience or they ...

Why are most retail traders usually on the wrong side of the market?

Usually when this happens, I will have been in my trade for hours before the news even comes out. As soon as price accelerates into the news event (nervous time) I am usually out by then. But on some occassions, if the spread is jacked up waaaay too ...

Why are most retail traders usually on the wrong side of the market?

One of the ways the big boys Get Over is when they widen the spreads during news events or volatile periods. I personally don't pay attention to news...I haven't for years. But every blue moon, when the conditions are right, I get caught up in a ...

Why are most retail traders usually on the wrong side of the market?

I see your point; I simply wanted to address the concept of "lagging". People abuse this term quite a bit.....this concept only applies to novice traders who think they can use MA xovers as an entry. In this regard, you will get smoked because 99% ...

Why Moving Average?

What makes MAs work is the fact that they ARE lagging....lol. Whenever price action suddenly overtakes a MA to the upside or downside, it can be an indication of a sudden change in sentiment. When there is a sudden change in price, the MAs are an ...

Why Moving Average?

Moving averages are pure mathematics folks. As far as I know it is the only indicator (besides a trendline) that does not bear someone's name as the inventor. I can't think of an older indicator known to trading. Because it is so ancient and so ...

Why Moving Average?

Keep my pie hole shut and collect the money.

Equation for ALL financial markets

Initially, I developed a system that only worked in the smaller timeframes and I was primarily a shorter. This was a tremendous limitation to my trading. To increase your chances of success, you have to have a system that works well in all ...

Under which conditions would your trading fail?

When I first started trading stock options years ago (around 1997). I had to call in my orders over the phone because I did not have internet access at work. I checked prices using a quote service over the phone w/o the use of charts. I guess I am ...

Billion Dollar Day - Documentary 1986

Yes....he did use charts throughout the documentary, but there was one scene where he was at his home in the predawn hours where he was on the phone talking to a MM. He was trying to place an order, but the MM was stalling as the price was rising. I ...

Billion Dollar Day - Documentary 1986

I would submit that there is no "Holy Grail", but there is a "right" way to trade and a "wrong" way to trade. There are "high probability" trades, and there are "low probability" trades. The key to being a good trader is knowing the difference.

Why are most retail traders usually on the wrong side of the market?

I have to agree with you to an extent. But these guys are paid to pull the trigger whether they want to or not (win or loss). The institutional trader will be provided with some form of compensation, so trading is not all about meeting basic ...

Billion Dollar Day - Documentary 1986

If you look at the Paul Tudor documentary (1980s), you will see the exact type of gunslinger approach to trading the FX markets. This guy was calling in his orders to the MMs over the PHONE. He could have cared less about a chart. It may be possible ...

Billion Dollar Day - Documentary 1986