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The most important part of this post is the phrase "trade outside of
noise". Reading this exchange has been very interesting, since my
background is from the professional side of the business. But finding
ways to trade outside of the noise is a powerful idea, and it is perhaps
the core of a truly profitable system.
Lawrence Price
Mark Brown wrote:
> Hello Ed,
>
> where you are now in the scope of things and your background creates a
> vast distance from where i could help you. especially your
> psychological make up and perceptions are going to make it very
> difficult for you to ever gain confidence to trade outside of noise.
>
> without an open mind and preconceptions how would anyone ever learn
> other methods to replace and or enhance a plotted course, that is
> deeply ingrained into heard mentality. in short you are asking for
> help with a method and or perception that "may" be wrong in the first
> place.
>
> specifically you are buying when you are thoroughly convinced you
> should be buying and selling when you are thoroughly convinced you
> should be selling. you and everyone else in the world are thinking the
> same, great methods of trading do just the opposite. how then can you
> possibly become anything more that a facilitator of this event?
>
> you and all other's of mass mentality are doomed to tirelessly hold
> out your values as legitimate and worthy of being profitable. based
> upon your education your association and anything else you can mention
> here other than actual successful experience is of no value at all.
> this is an act of nature and can not be violated else the essence of
> humans will be changed. those anomalies of nature who understand this
> all too well can cry the warning till blue in the face only in vein.
>
> exercise: next time you have a break out buy or sell - rather than buy
> the breakout - wait - wait until the price pop expires and collapses
> down as it is breaking down against what you would have previously
> bought. then buy - as the price is now going the opposite direction
> (down) that your whole being is fully committed to - can you do this?
>
> your thought might be now why would i buy while now the price is
> moving in the opposite direction that i am convinced that it was
> moving. my thought would be exactly my point.
>
> --
>
> Have a Great Day, Mark
>
> http://www.markbrown.com
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