Supply and demand question

Technically Fundamental · May 1, 2009, 11:36am

I think that hip hop charcteurs are an indirect assault on and mockery of black culture.

Rossini · May 1, 2009, 11:45am

mr.marcus
''...actually the complete opposite is true...how else could you profit?''

I disagree, who cares what everyone else is seeing on there charts? I don't, otherwise I may as well go over to the guy trading behind me and put on a trade based upon his views of areas he believes could influence the future direction of the market. If I did this then I wouldn't have the same conviction of the trade. Look at it from another way, if I put on a trade for one reason and 100,000 people put on the same trade for a different reason does that make my reasoning invalid? I don't think so.

Technically Fundamental · May 1, 2009, 11:48am

just means you're not moving with the masses or the big boys. Thats a no no in trading.

Rossini · May 1, 2009, 12:01pm

Quote:

Originally Posted by Aaronmalins

just means you're not moving with the masses or the big boys. Thats a no no in trading.

Ok a better example would be- There is a fast downward movement, I see that the price is coming to major support and when it reaches this it stalls. I see my opportunity and I can go long with a 5pt risk. At the same time many other traders go long/cut there shorts and the price bounces upwards.

Now, do I care why they went long at that point? It could be for an infinite number of reasons, there was a MA there, fibs, bolly bands, a different TF, they could have had a fat finger and gone long by accident, or they could have been looking at the same potential support point that I was looking at. The point is I don't care why they went long, I only care that they did go long. My reasoning behind it could be irrelevant to other people but to me that is what I am waiting for and that is what I am focussed on.

By that i'm not saying I don't pay attention to what the masses are doing, after all its easier to move with them than against, I just don't care why their doing it.

Technically Fundamental · May 1, 2009, 1:48pm

One thinng I've learned in trading is once you understand what you're doing, why is irrelevant

new_trader · May 1, 2009, 5:26pm

Quote:

Originally Posted by Aaronmalins

One thinng I've learned in trading is once you understand what you're doing, why is irrelevant

Actually, you understand what you're doing when you know why. Otherwise you are guessing.

rathcoole_exile · May 2, 2009, 10:03am

more esoteric claptrap from the clueless_trader ?

May 1, 2009, 11:30am	#17
MrMiyagi Senior Member Member Since Aug 2008 178 Posts	Re: Supply and demand question __________________ "Saddle Silver up Tonto, tonight we're going to Vegas to roll some dice, call me Kemosabe and bring my loaded dice..."

May 1, 2009, 11:36am	#18
Technically Fundamental Banned Member Since May 2008 2,831 Posts	Re: Supply and demand question I think that hip hop charcteurs are an indirect assault on and mockery of black culture.

May 1, 2009, 11:45am	#19
Rossini Veteran Member Member Since May 2008 917 Posts	Re: Supply and demand question mr.marcus ''...actually the complete opposite is true...how else could you profit?'' I disagree, who cares what everyone else is seeing on there charts? I don't, otherwise I may as well go over to the guy trading behind me and put on a trade based upon his views of areas he believes could influence the future direction of the market. If I did this then I wouldn't have the same conviction of the trade. Look at it from another way, if I put on a trade for one reason and 100,000 people put on the same trade for a different reason does that make my reasoning invalid? I don't think so. __________________ Do, or do not, there is no such thing as try. __________________ I'm easily pleased with perfection, and if trading is an art, then I'm painting my masterpiece. __________________ If the margin between your goal and failure is too small then any shortfall will inevitably lead to failure. It's far better to aim high because if you don't quite achieve your ambition you may very well be left with something worthwhile. __________________

May 1, 2009, 11:48am	#20
Technically Fundamental Banned Member Since May 2008 2,831 Posts	Re: Supply and demand question just means you're not moving with the masses or the big boys. Thats a no no in trading.

May 1, 2009, 1:48pm	#22
Technically Fundamental Banned Member Since May 2008 2,831 Posts	Re: Supply and demand question One thinng I've learned in trading is once you understand what you're doing, why is irrelevant

May 2, 2009, 10:03am	#24
rathcoole_exile Legendary Member Member Since Jun 2007 3,839 Posts	Re: Supply and demand question more esoteric claptrap from the clueless_trader ? __________________ my Opinion is never "humble " karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'

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