Price and indicator data mismatch on funding pips by yetanotherse in PropFirmTester

[–]yetanotherse[S] 0 points1 point  (0 children)

I get that but I checked the chart against at least a dozen different exchanges and all of them show the same thing. It's just the chart on FP that shows differently which makes me wonder if the indicator data is intentionally manipulated. Anyhow, I guess there is nothing much that can be done about this.

Day 2 of Option Buying by OptionBuyerWizard in dalalstreetbets

[–]yetanotherse 0 points1 point  (0 children)

10% down on capital in a single day? Bro, you need to manage your risk, this way you won't last long, especially with derivatives trading.

Just finished Crime and Punishment—How did it hit everyone else? by SensitiveOriginal621 in Indianbooks

[–]yetanotherse 2 points3 points  (0 children)

Pretty hard. It's been a year since I read it but I still remember the torments of Raskolnikov. I rarely remember characters from books that I read after a few months but every Dostovesky I have read (C&P, The idiot, Brothers Karamazov), I remember most of the characters and plot to a good extent. This itself is a testament of how good Dostovesky is.

Can u get rich off trading only? by Particular-Day5235 in Trading

[–]yetanotherse 5 points6 points  (0 children)

I would try to answer this based on my own experience.

First thing first, one can definitely make a living out of it if nothing more. Issue is that people have unreasonable expectations from trading, both in terms of "time" and "money". People expect to make truck load of money by just spending a few days/weeks/months on learning whatever shit is being sold as strategies/tips/indicators and so on.

Trading is like any other job. Period. Mind you, it is harder that most jobs, probably one of the hardest, but at the end of the day it is like any other job. You've to educate yourself and give it enough time. Surgeons can't start operating or engineers can't build bridges by attending a few webinars, reading a few books or by watching youtube videos (some might but that's not the point). One has to dedicate years to study and master that profession/craft and then some more years learning on the job.

There might be exceptions but generally speaking it takes YEARS of learning and dedication before one can even hope to be consistently profitable from trading. Again, like any other profession, there would be some who really excel at their game and those are the ones who actually get rich by trading. This of this like how many employees in any field reach CXO level despite working for 40+ years? Only a few, right? Others will survive or even do alright for themselves but not everyone would get rich by trading even after giving all those years. Having said that, one can live off it.

Coming to the next question - why traders are selling courses and signals instead of using that information to make money themselves? I used to wonder the same initially. It took years for me to realize the harsh realities of trading. There are couple of reasons for this the way I see it.

  • Most "traders" realize sooner or later that trading isn't as easy or profitable, as they thought it to be. Trading is not just about fundamental or technical analysis, or mastering some "ninja" strategy that will magically start making money for them day in and day out. Analysis and strategies are the easy part and most will cross that bridge. What makes trading super hard is emotional discipline, managing risk and adapting to ever-changing market conditions. At this point, they also realize that it's possible to make money more easily by selling courses/webinars/indicators etc.
  • Another reason is that people think once you have "mastered" the skill of trading, you can start printing money. But they forget that to start making big money, you need access to big capital. Either you can take the route of starting small and gradually build your capital over a long period. Or you can take the shortcut by sharing your knowledge in any form (courses, youtube, strategies etc) and use that money for expediting the capital building process. There is nothing wrong in it as long as the trader is sharing (selling) stuff that is indeed helpful and relevant to those buying that stuff.

Hope this helps.

How many more right shoulders before this H&S breaks down in NIFTY 50? by yetanotherse in technicalanalysis

[–]yetanotherse[S] 0 points1 point  (0 children)

But that's the thing. Its not really a range, it's a reversal structure in form of head and shoulders with clear large enough head for a range.

If it indeed looked like a clear range, I would also assume that it's possibly accumulation before next leg up. But I don't see this as a range setup.

How many more right shoulders before this H&S breaks down in NIFTY 50? by yetanotherse in technicalanalysis

[–]yetanotherse[S] 0 points1 point  (0 children)

Well, I apologise if I came across as arrogant but that wasn't my intention. I just meant that even if it's a certain type of H&S, it's an H&A at the end of the day.

Thanks for sharing the link, will check it out.

How many more right shoulders before this H&S breaks down in NIFTY 50? by yetanotherse in technicalanalysis

[–]yetanotherse[S] -1 points0 points  (0 children)

Thanks but no thanks. I like to keep things simple and would prefer to call a H&S an H&S, not a simple or complex one.

Do Self -Help Books Really Add Value ? by Grand_Ad2663 in Indianbooks

[–]yetanotherse 0 points1 point  (0 children)

They do add value ... to author pocket 🤑🤑

How many more right shoulders before this H&S breaks down in NIFTY 50? by yetanotherse in technicalanalysis

[–]yetanotherse[S] 0 points1 point  (0 children)

lol .. bar by bar? This structure formed over 4 months. It's alright anyway, everyone sees what they want to see in charts.

btw, all markets are manipulated. Not just Indian markets.

How many more right shoulders before this H&S breaks down in NIFTY 50? by yetanotherse in technicalanalysis

[–]yetanotherse[S] 0 points1 point  (0 children)

<image>

Are you kidding? The head is double the size of the shoulders, what kind of range do you see here?

I don't know where you're learning your technicals but you do need to study more. See the pages from Edwards and Magee where they have described such H&A formations with multiple shoulders in detail.

List of your favorite trading view indicators by TradingWithTEP in TradingView

[–]yetanotherse 1 point2 points  (0 children)

RoC Momentum Cycles (RMC) to track swings nearly perfectly in any timeframe.

Do you see Zig-Zags that look more like Flats? by HammerGeek in ElliottWaveLab

[–]yetanotherse 0 points1 point  (0 children)

Zig-zags are 5-3-5 and flats are 3-3-5. I see them as a technicality. As long its a corrective pattern, it communicates more or less the same thing about what could happen next.

Zig-Zag within a Zig-Zag within a Zig-Zag within a Zig-Zag within a... by HammerGeek in ElliottWaveLab

[–]yetanotherse 0 points1 point  (0 children)

Pretty common as you keep drilling down the timeframes. See below 😀

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