Supply and demand question

This is a discussion on Supply and demand question within the General Trading Chat forums, part of the Reception category; Originally Posted by Aaronmalins "Seen." It means I see what you're saying. Sorry, we are posh this side of the ...

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Old May 1, 2009, 4:18pm   #15
 
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Quote:
Originally Posted by Aaronmalins View Post
"Seen." It means I see what you're saying.
Sorry, we are posh this side of the water, im not used to all this hip lingo!!
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Old May 1, 2009, 4:20pm   #16
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I'm from Toxteth
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Old May 1, 2009, 4:30pm   #17
 
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Old May 1, 2009, 4:36pm   #18
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I think that hip hop charcteurs are an indirect assault on and mockery of black culture.
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Old May 1, 2009, 4:45pm   #19
 
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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.
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I'm easily pleased with perfection, and if trading is an art, then I'm painting my masterpiece.
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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.

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Old May 1, 2009, 4:48pm   #20
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just means you're not moving with the masses or the big boys. Thats a no no in trading.
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Old May 1, 2009, 5:01pm   #21
 
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Quote:
Originally Posted by Aaronmalins View Post
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.
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Do, or do not, there is no such thing as try.
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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.

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Last edited by Rossini; May 1, 2009 at 5:13pm.
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