Tap Ancient Wisdom in Trading to Accelerate to Success
Ancient wisdom? What kind of ancient wisdom? My ancient wisdom! lol After being in the markets for now over 30 years–that can be considered pretty ancient!
Jokes aside this is very important for those of you who are starting out train, Who have trading experience but are not consistently successful or for those who have been successful yet are in a current funk. It is important to go back to wisdom and training that is fundamental to how the markets work. Now until the markets are entirely replaced by robots of artificial intelligence, without any human intervention the markets should fundamentally behave in a very similar way. Want to say that? Because they have behaved in a similar way for over a century of price data.
And when I am talking about market behavior I am mostly talking about Price action behavior on a price chart. In real time it always seems like the market is doing a new thing. But when you take a step back and you get perspective or if you look at A period of time that just passing the price chart she’ll notice that the market is doing the same thing over and over. How is that?
Well the markets always put on a”new” Emotional experience in the present. If you follow the taker, the price chart up-and-down in real-time you’ll start to hear the voice of the marketplace. Price action and flow is similar to musical notation– Both are languages of their own and don’t communicate something on a different level on their own. For the most part market price action in real-time communicates certain messages Patel the unsuspecting observer to buy and sell at the exact wrong time. Must not listen intermediate traders are easily susceptible to this voice of the market therefore they end up buying at the top and selling of the bottom.