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the reason why only 2% of traders are profitable
it's because people try as hardly as they can to make things the more complicate that it's possible for them.
It's something I see everywhere, even in math world.
example of complication 1 :
simple solution : the two equations are simmetric in x and y, so that it's clear that it must be x=y
the first equation becomes then : x^2 - x = 31 which is easily solved by the well known formula of the second order equation that even a 10 years old kid knows.
example of complication 2 :
simple solution : divide the second equation by the first. It will result c/a=2 or c=2a. Substitute c=2a in the third equation and you will get 2a^2 = 30 or a^2=15 which means that a
is equal to the square root of 15. Substitute it in the first equation and you get b, then substitute b in the second equation and you get c.
CONCLUSION : KEEP IT SIMPLE IF YOU WANT TO BE IN THE LITTLE 2% OF WINNING TRADERS.
154 Views · 6 Replies ( Last reply by andr99 )
Gas prices
inflation induced recession is here.
111 Views · 2 Replies ( Last reply by CLK )
AAPL lost the double top breakout on Friday,
Was it because of the /ES selloff? Can it regroup or more selling to come. (JMHO)
On Surveillance, Friday Ferro and Bramo were
talking about the suspicious shorting in the oil futures. Ferro said " all the traders say the same thing, just look at the trades". Have you seen the interviews with Mr. Combover sheepishly saying, " I thought oil prices would be higher". Right from the beginning I thought there was something funky going on there. Friday at /ES went up and touched 3000, then pulled back, I was expecting it to regroup and try it again. However Mr. Combover was talking to the Press and made peace in the Middle East less likely. Today he said U.S. ships would start escorting tankers through the strait will that help the "mystery shorts" in the oil market keep the lid on. Some times those big short positions just build up a lot of pressure the.... BOOM. We shall see. (JMHO)
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