I'd tend to put it this way:
When you invest, you invest in companies.
When you trade, you place multiple bets on financial securities. You barely focus on the underlying companies.
Just my 0,02, there would be tons of things to say...
yes, it's simple. But I totally understand it's not clear for a beginner in the field.
Don't pay to much attention to the previous bar, but rather on the previous low or high.
LL = a newly formed bottow that is lower than the previous bottom
HH = a new high that is higher than the previous...
ok guys, I'm clearly dealing with reasonable people having reasonable expectations about the tool they use here, so my warning might have been useless.
however, always make sure that the tools you choose give you an actual edge, and not a hidden 50/50 as so many indicators do...
Good trades to...
Hi again,
I certainly don't want to offend anyone or sound like an arrogant a**. It's of course useful to try as many strategies as possible, and yes, book reading can be effective in some context.
However, it TRULY IS a different beast when you don't have lightnight-fast order routing + top...
Well ,there are actually some problems:
- computers analyse it much quicker than humans do, most large-scale trading rooms do it.
- Most importantly, the orderflow can only help you on genuine scalping (capturing the smallest increment). but, with the routing provided to individuals at home...
A fresh idea:
Read both "A short course to technical trading" and "Smarter trading" from Perry J. kaufman.
New trading systems and methods is fantastic, but not for beginners.
Alex