Ok, so you want to be successful in the equities market and the currency market? How do you do this? First you should find out which direction of the market the Market Genie is going in. Just like river gators in the dry plains of Africa, motionlessly resting silently with eyes wide open, awaiting the rushing herds of wild zebras to the water’s edge, who are jostling for a thirst-quenching-sip of fresh brown river water.
Whatever the zebra does, the gator does what is necessary to outsmart and confiscate its meal. So, in the equities and currency market, identify who the gator is; identify who the zebra is, and by doing these two things, you will be well on your way in executing a winning trade.
Remember, no strategy is perfect, and if anyone tells you that a particular trading strategy is 100% perfect, they are flat-out trying to scam you. Nothing in life is 100 percent certain, so why should some bogus strategy be?
The gator strategy isn’t perfect either, but it will give you a winning average, even if the winning average is 51%, at least it is not 50%, because that would be a breakeven point, which equates to a lot of time wasting with nothing to show for it.
To identify who the Market Genie is, you are going to need to do some due diligence, nothing comes easy in life, so don’t expect it here, either. It will be in your best interest to do the research because by doing so, you will discover things that you would have never discovered if you didn’t set out on a discovery mission, and the knowledge and understanding that you will get will help you keep money in your pocket, and prevent you from giving money away to the Market Genie.
Please post your questions below. I will try my best to give you examples instead of giving you the answer directly. In fact, giving you the answer isn’t going to really help you because you will just forget it. Trading is a mission, a passion, a business, and a marriage relationship, which means, it is serious business.
So, if you are not willing to do a little research to find out who the Market Genie is, you are not ready to make money as a trader, and that is ok because trading is not for everyone, so this is a good way to eliminate all who don’t belong.