daytraders after market lounge 15th mar 2012, page-36

  1. 2,889 Posts.
    Just popped in to sweep the floor and check everything was all good.

    Elroy, nice words, cheers.

    I like this place, seems genuine. Nice crowd! Some good sharing mixed in with humour. No RifRaf and if unsavory types try to get in, there is enough muscle to show them the door. Nice!

    TommyJ, have you read any Wyckoff?

    Richard Wyckoff - The Day Trader's Bible. Or My Secrets of Day Trading in Stocks is a good read. He wrote it in 1919 and the stuff he talks about works. I started using PnF charts after reading his book to be able to understand the market phases better and get better timing.
    Even though no one likes losses, on the market they are inevitable... if you can get 2 out of 3 right you are doing good and if you gain more pips on the ones you get right, than you lose on the one you get wrong, you will make money. Simple maths!
    cheers guys

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