Hey folk
very interesting market movement thru last week till today...i will elaborate more on the nxt post...
i came across a fb posting by steve job on 2005 Standford uni commencement adrress...very inspirational very interesting here the link
http://www.youtube.com/watch?v=UF8uR6Z6KLc
i met a person a few days back talking about trading. he is a beinger and wish to do trading. He went to courses and learn something and wish to do trading.
i told him very briefly there is no magic formula for trading and investment. Hardwork pay off. u put in 10 min a day u get tt result u put in ur life time u get a life time result. I dont think he got it.Anyway, i used to beleived in putting 10 min of ur time and u can make passive income...but tt is totally not true...until u skill of trading have reach the person whom u pay to teach u in course, u cant use 10 min everyday to make substantial money.u still need hard work.
Some of the things i do:
1)i went for courses, learn there methods, but u sure know somethg the trainer say...they say u hav to find a method tt suit u.this method suit me, i share with u people with a fee.but it may not suit u.
is like if brad pitt wore a coat and he look damn nice, u wear the same coat n u look oversize or somethg.So after learning keep exploring and find a method tt suit u, and constantly improve the method to suit with the situation.PLS PUT IN EFFORT, there is no such thing as easy cash in the market
2) i really went into detail of the technical indicators, The maths, the physical meaning behind them and interact with people tt use all this indicator. For eg MACD, some people use the crossover to buy and sell, some use the histogram, some use both. An indicator have different interpretation.each interpretation get u different result. Learn them, internalize them before really using it.
3)Technical indicator tell u the technical point of view, to be more precise u need to know the psychological side where the price action comes in. The price action is infact the most important thg. learn them thoroughly, do deep into it.
With the technical and psychological aspect, my method currently can get an accuracy rate of 65% to 90%. Some stocks response to my method is 100%( i m surprise too).
Remember there is no easy way out in investing or trading.i took 3 years, to learn all this and i still learning. i spend on average 20 to 30 hr a week to look into these. ( i m not a very clever person, maybe u r and u might tk lesser time)
