Re: Left Side/Right Side trading terminology Quote:
Originally Posted by Alexander0884 Uuuum, no?
Lol, I am not really active at all in the online community. I have only started peeking on here since yesterday when I was bored at work after month end reporting.
Just wanted to know what is meant by the terminology that is all. :P
Ok perhaps I am again failing in my wording, what I mean is that I assume this has sonmething to do with spread right aka buy and sell? But then I read someone mention left side trading or right side trading and Im like WTF?
Not sure if was just troll or serious? :-/ |
OK.
There is a well-known vendor who shall remain nameless. Let's just call him Mark Baghdady. No wait, that's too obvious. Let's call him Mike CapitalOfIraq-y.
He used to conduct webinars that were billed as an opportunity to watch him trade live. What he actually did was to point out retrospective trades that would have made one 300%, had one taken them.
These trades were all obviously to be found on the left side of the chart. It is an excellent approach of course, trading from the left side of the chart, because it virtually eliminates risk.
I believe that some members have tested the approach, and while it does indeed seem to result in few if any losses, sadly it has in practice failed to generate much if any profit. |