Quote:
|
Originally Posted by currencia
Ten hour days for months is really a very short period of time. You are hardly past beginners luck as is evident by your last sentence.
Support/resistance and moving averages are so basic that if they worked long term any and everybody could be easily profitable. New traders start out with that stuff, then the oscillators, then various grail seeking systems that massage all that crap to death. Most everyone of them trade breakouts on the small chart while they listen to the news and scalp over it.
Trading less than a year and made ten times the boot already?? I'll chalk that up to an extended period of beginners luck. If he started out with $100,000, then he is set for life and ought quit while the beginner's luck is with him. If he started out with a paltry $10,000 as all he could justify at his station in life, then he has over a million bucks in his pocket. And that's where he ought keep it going forward because it is more money than he has ever seen in his life and more t han he is likely to see again.
There is support and resistance everywhere on a chart.
|
Well you have said a lot of nothing. Talking in absolutes while being completely abstract. You have learned your lessons well.