what lemon bhai saying is - that if newbie tried to copy your system (which is successful) but he will face constant loss for several months and he/she will discontinue it after few losses and search for new system. So having faith in system pays.
Ok got it. Also being discretionary method, it's very tough to learn by copying or observing. Only way to learn is by doing longer time and let procedural memory develops over the time.
Ok got it. Also being discretionary method, it's very tough to learn by copying or observing. Only way to learn is by doing longer time and let procedural memory develops over the time.
Copying a system without defining its edge in quantitative terms, newbie trader does not know trade management (entry,exit ) based on discretionary or mechanical...discretionary needs special skill, not many can carry it and mechanical needs to stay focused with MM with rules to scale up,it is where both are different IMO
Copying a system without defining its edge in quantitative terms, newbie trader does not know trade management (entry,exit ) based on discretionary or mechanical...discretionary needs special skill, not many can carry it and mechanical needs to stay focused with MM with rules to scale up,it is where both are different IMO
This is the classic ECG pattern. As long as there are ups and downs, buy at downs sell at ups. When it consolidates for a time without any movement, go out from the stock since it will be dead then.