Thursday, August 4, 2011

PRICE ACTIONS SUCKS !!!

I have been there for two years. It sucks. You are at the mercy of the market. Remember early 2009 to mid 2011? It's QE world. Market so dull and if you relied on your price action, God be With you..

How many traders or guru out there complained with the market condition that so efficient and dull with very few room to profit? It's not cool just profiting 2 out of 5 days in a week. Not cool praying there will be volatility in the market. Breakout trader seemed so frustrated that most of them change to become ranging trader. And when they felt it become their new consistent method...BOOM, volatility came back, with a vengeance. Fade trader dies in an instant. How many times you're ping-pong by market? Some says you have to adapt...guess what, it's hard to adapt cause when you're still learning, market condition already changes again.

Patience is virtue in trading. But patience too long is hazardous for your health. Especially from full time trader. Some of them still survives and keep fighting back. I salute with their struggle. But after no more consistency with my profits, come the SPIKE NEWS TRADER.... This is by far, the best trading methods hands down to all.

1. You won't have issue with patience since you only in market for tops few minutes sometimes seconds.

2. You won't have issue with discipline since if you got stopped out, it will happened in milliseconds and there's nothing you can't do about it (News Trader always put Stop Loss)

3. Adapt THIS! No more changing market environment. As economic data will came out like a clockwork and every big bank and institutional will adjust their positions based on the data. In the dull market, Spike News Trader made millions. In volatile market, even better. No weakness, perfect methods.

4. Easy, just follow the experts. Armed yourself with sophisticated traders tools. AutoClick, EA, VPC, etc. Technical analysis is too hard, more like a gambling. Sometimes you win, lose, stopped out at the exact reversal, got lucky, etc. Too many emotional roller-coaster. News trader: wait, filled, done, next schedule. That's it.

5. Few competitions. I think 99% scared of the data news. 80% will got out from their position before data came out. The News trader looked like a gambler from a public. Well, if the perception still there, that is a good sign. And hmmm...actually you're right... News Trading is a gambler....stay away and don't even dare to touch this if you want to go brokee (sarcasm).

My posts here actually harmed me cause the more people go with this method, the faster the brokers closed the door. But this is my way to give back what I have earned. So, good luck with your trading methods whatever it is.

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