Lance Begs' postulates - page 3
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With items: 2, 4, 6, 8 are usually a problem.
9. Optimise transaction volume to market conditions (volatility, liquidity)
With items: 2, 4, 6, 8 are usually a problem.
There, by the way, it's specifically highlighted"The nature of the market is not about price, it's about something else."If this point is not understood, then there is nothing to argue about at all, as there are absolutely no points of intersection.
What does it matter what nature is all about, the main thing is whether you make money or not. All this talk about other things, just to get you into a seminar or to sell a book on the secrets of the market.
Buy cheap, sell expensive. Let the profits flow, cut the losses early.
You don't need to know anything else about the market, but that is true if the objective is to take money out of the market and not build a near-market business....
There, by the way, it is specifically highlighted"The nature of the market is not about price, it's about something else."If this point is not understood, then there is nothing to argue about at all, as there are absolutely no points of intersection.
He goes on to say that this very other thing is crowd psychology. Partly true, but partly real markets are not only driven by trader psychology, but also by needs: in currency exchange or in commodities or raw materials, not to mention risk hedging by real commodity producers.
In general, the postulating comrade, not so much incomprehensibly, but partly incorrectly and completely unformalized, is yapping about the nature of some market there.
Who cares what nature is all about, as long as you make money or not.
Buy low, sell high. Let the profits flow, cut the losses early.
You don't need to know anything else about the market,
That's right, it's all about not thinking, isn't it?
Especially since there's usually a problem with that.
He goes on to say that this very other thing is crowd psychology. Partly true, but partly real markets are not only driven by trader psychology, but also by needs: in currency exchange or in commodities or raw materials, not to mention risk hedging by real commodity producers.
In sum, the postulating comrade is not so much incomprehensible as partly wrong and completely unformalised about the nature of some market there.
By the way, the real exchange of currency on the market now amounts to something like 1% (I don't remember exactly, but very little). The rest are speculators and hedgers. In commodity markets, speculators are generally welcomed and so on. Without them, markets die, because there is a tricky process of monopoly, etc. Plus liquidity disappears, and this is not allowed, as the main task of these markets is to give the opportunity for quick exchange. In general, there are plenty of people who do not want to deliver goods but want to play on price differences.
What does it matter what nature is all about, the main thing is whether you make money or not. All this talk about other things, just to get you into a seminar or to sell a book on the secrets of the market.
Buy cheap, sell expensive. Let the profits flow, cut the losses early.
You don't need to know anything else about the market, but that is true if the objective is to take money out of the market and not build a near-market business....
My opinion is that without understanding the nature of the market there is nothing to do there at all. The result is predictable a little less than completely, like in a casino. Sooner or later.
Then, buy cheap, etc. How a movement occurs is a seemingly obvious thing "The price movement is the result of an imbalance between supply and demand. This imbalance is created by the trader's desire to urgently open a trade." Note the "urgency to open a trade". When might that be? If the market is sluggish, nothing is happening, everyone is opening and closing as they see fit, a simple thing happens, the price starts to behave like a Brownian motion. You can't make money on it, mathematicians tell us. No one usually makes any money, regularly. They are losing on spreads, slowly and sadly. OK, a situation has arisen where we need to urgently jump into a trend or, conversely, cut the loss, and many people have it immediately - please, buy cheap - sell expensive. This is what you can really make money on.
The task is simple (in terms of wording), to find the moments where these situations occur. Look for exactly that, and not, for example, the intersection of mashups or some kind of Fourier. This is the robustness of the strategy. We trade a specific market situation, not the indicators, which are a consequence of the price, which itself is a consequence of the market situation.
That's right, the main thing is not to think, right?
Especially since that's "usually a problem".
Nobody usually makes any money, regularly. They are losing on spreads, slowly and sadly. OK, a situation has arisen where we need to jump into a trend or cut the loss, and many people have it immediately - please, buy cheap - sell expensive. This is what you can really make money on.
The task is simple (in terms of wording), find the moments where these situations arise. Look for exactly that, and not, for example, the intersection of masks or some kind of Fourier. This is the robustness of the strategy. We trade a specific market situation, not the indicators, which are a consequence of the price, which itself is a consequence of the market situation.
You hear the tone of a professional plum. Just because you can't make a steady income does not mean that no one else can.
And the spread, pardon the expression, but stop jerking off. Achieve that the average profit was 100 times the spread and no problems.
so i understand in p.2,4,6,8 - there are different thoughts everywhere...the only clarification - according to you, what is the result of these thoughts? for 9 - as long as the orders are just over 1 lot, forex brokers are OK with liquidity, but the dependence of position volume on volatility - it would be interesting to know more.