I've seen bears make money, and I've seen bulls make money. I've worked with longer-term traders who have been profitable, and I've worked with successful daytraders. But there's one group of traders I've never seen win. Those are traders who view themselves as victims. Victims don't win, because--in a fundamental way--they do not see themselves as in control of their own destinies. They attribute their losses to bad luck, the market manipulations of others, or random, situational factors. It's difficult to change problem patterns if you don't own them. It's difficult to sustain confidence if you don't perceive yourself to be the driver of your own destiny. Active traders who whine that markets are not giving them enough opportunity. I can't help the former group. They really aren't interested in trading or investing. They are interested in promulgating their theories and conspiracies. See this post for details. The second group seriously needs to get a grip. The excuse that the markets are slow, don't move much, don't offer opportunity, etc. only goes so far. Your job is either to adapt to those market conditions or to find other, more suitable markets to trade.
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Plus, the idea that these markets are unusual in their lack of opportunity is simply NOT TRUE! Let's take VIX as a proxy for volatility. The VIX at present is around 24. Going back to 1990, what is the median VIX? It's 18.58. There is nothing unusual about this market at all. Not satisfied with VIX as a measure of market movement? Let's take the median daily trading range for the S&P 500 Index (SPY) going back to 1990. It is 1.14% What is the recent median daily trading range (last 20 trading days)? A little north of 1.4%. Again, nothing unusual in this market. The problem with the market isn't that it is trading abnormally. The problem is that it's trading like the stock market usually trades. What was abnormal was the crazy volatility of late 2008 and early 2009. If you can't find opportunity in the current trading conditions, perhaps stocks aren't what you should be trading. At the very least you shouldn't be blaming the market for behaving typically, reinforcing a sense of victimhood. That's what self-efficacy is all about. And you might just make some nice coin.
In addition both eclipses are in mutable signs. Mutable signs are about flexibility and the ability or need to change. They are also about things that are not in control and extremes. We are in for a wild ride for the next couple of months in the markets and other areas of life. With all these planets in mutable signs one might expect a fast changing, exciting, fun environment. Let's not forget that Saturn is the focal point of a T-Square, with a square to Neptune. Amongst other things Saturn is fear. This could be pointing to life threatening epidemics and with Neptune this could mean water borne diseases. The Jupiter / Neptune opposition can indicate deceit, illusion, delusion and with both squaring Saturn, the planet of fear we could see some dramatic moves. Expect more of this type of comment in the weeks to come. Beyond market manipulation there is just a lot of dishonest activity.
The red vertical lines on the first chart are the 45 cd cycle. This cycle has been accurate since May 20, 2015, the all time high. It may have run it's course as there was little movement around the date of the 45 cd. I'll look for it the next time it hits on May 16. The red horizontal lines are the Fib retracement from Nov 3, 2015 down to Feb 11. These lines also provide good support / resistance levels. The second chart is the Russell 2000. This index is subject to far less manipulation than the SP500. Notice how well it respects the Astrological average price lines. It's too bad we have to bring up manipulation but the reality is, it happens. Here, the blue lines again are the average longitude of the planets Jupiter through Pluto converted to price. Other longer term cycles that we have been following may have found there trough on Jan 20or Feb 11. This would include the 4 year and 6.5 year cycles.
This would help explain the sharp move up starting in February along with certain phone calls mentioned last week. Assuming 2009 low was an 18 year cycle low, Microflex we may be looking at a 9 year cycle low late 2017 - 2018. The Kitchin cycle (3.3 years) we had been following probably troughed out in the August 015 lows. I was asked for my long term view and here it is. I'm looking for the world wide economy to be basically flat to down until 2020. This coincides with a long term Astrological phenomenon known as Tigonalis which involves the Jupiter / Saturn conjunctions. Every 240 years the conjunction of these planets changes elements. In 2020 the Jupiter/ Saturn conjunction will occur in Aquarius, a fixed, air sign. I expect dramatic technological developments leading into this time which should be, like the internet, life-changing developments. During the week another blog poster brought up harmonics, as they apply to the stock market. I haven't used harmonics on this site for sometime but can be found using the search utility on the first blog page. Earth / Saturn 7th harmonic.
This is a big subject but in practice it is quite simple. Simply divide the 360 degrees of a circle and divide it by the chosen harmonic. 51.4. Now look for Sun / Venus each 51.4 degrees. Following is an example. For this post I'm showing the 7th harmonic. Creative thinking and original insights are indicated by the 5th and 7th harmonics. Gold put in a nominal 18 week cycle 1 trough on Dec 3rd. 2015 which has marked an important low. This puts us entering either the 21st week of the Primary cycle or March 28 was the trough for the Primary cycle and we are about to enter the 5th week of a new nominal 18 week cycle. I'm looking at this as the 21st week and we will be headed down. Bear in mind we still in a time period with confusing Astros. I'll be trading carefully. May 27th in fact, 1 day after a Jupiter / Saturn square.
This could be an important period for Gold. Following is a daily chart for Gold. The orange vertical lines are a 14 cd (calendar day) cycle which has been at highs and lows and hit again on April 21. This was also a Hanging Man Doji which is a reversal signal. Subscribers have that date. Price has just moved below the 15 and 45 day sma. I'm was looking for Gold to hit it's trough during the 3rd weeks of April. I don't believe this has happened so we should be on the lookout for a move down. Feb 11 had another lower low and is now marked a Primary cycle trough which has us starting the 11th week of the nominal 18 week cycle. Bear in mind there are geopolitical issues affecting crude which can effect the price quickly and directly. For crude, nothing has changed with the demand, supply situation or the over flowing storage capacity or the flotilla of ships carrying crude with no place to unload. There has been no agreement to limit production quotas.
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This is right in the middle of the Mars and Pluto retrogrades with heliocentric Venus squaring Pluto on April 29th. This appears to be a wild period of change coming up. Crude can be looked upon as a good example of the current transits with the T-square between Jupiter, Neptune and Saturn. Although Saturn is discipline and control and is the apex of the T-square, the Jupiter / Neptune oppositions is deceit, quickly changing your mind and actions, extremes that eventually can't be controlled. We may be approaching the crest for this crude cycle. I've also put the planetary average longitude of the planets Jupiter through Pluto converted to price. You can see they are good support / resistance areas. One point I will make looking at the daily chart of crude with Jupiter and Neptune price lines, crude just came up to the Jupiter (blue) and Neptune (grey) price lines, hit resistance and started down. It got above the Jupiter (blue) and Neptune (grey) price lines Thursday and Friday last week. NatGas, Coffee reserved for subscribers. 99.00 for a 6 month subscription, can you afford not to have it?
Sometimes the best trade is no trade. Some traders trade just to trade, which often means emotions get the best of them. There are huge benefits for “sitting on your hands” if you have the right techniques, tools, and strategies together with the discipline to follow your plan. Often times, the best trade is not taking one at all. Rather than expose yourself to risk, let the trades go while you formulate your plan and your trading goals. Set and forget trading The “sitting on your hands” strategy is best mixed with a “set and forget” approach. The set and forget approach is made up of a very short process: place trade, set stop losses, take profits, and then let the market do the rest. The sitting on your hands strategy and set and forget trading reduces the amount of influence your emotions have on your returns and protects your trading account from irrational decisions. Following a trading plan is made far easier by the sitting on your hands strategy.
Dont micromanage each trade It is very easy to micromanage each and every trade you take, rerunning your technical analysis studies, checking your custom indicators, and then deciding the trade was wrong to take. How often do novice traders skew a trade because they are too quick to modify and even cancel trades long before they are allowed to let run? Not to mention, buying and selling quickly racks up commissions and spread fees, which cost the trader even more. Proven strategies will prove themselves out in the long term without continuous intervention and disruption. How to begin sitting on your hands The first step to any trading plan is trading goals. Do you want to produce profits around the clock, or are you looking for a more modest trading outlook? Identify what you will use to analyze the markets, whether it is technical analysis from your own custom indicators, or chart and candlestick patterns to the basic trading fundamentals.
Know exactly what you want before you begin to prevent a costly change of plans down the road. Quality trades should be the number one goal, as once you place the trade, the strategy demands you leave it up to the market to work it out. How to generate profits The sitting on your hands strategy relies more on the market than the intervention of the trader. Advanced trading techniques, tools, and strategies are used simply to place trades, Rohrig rather than modify them. The trading goal of the strategy is to produce profits with as little intervention and time as possible. It can be said that many traders lose money due to an inability to leave trades alone than to make quality trades. The extra time from trading can be spent on a variety of things, such as a trading education and resource program, a live trading room, or an interactive online classroom. There is much to like with a set and forget strategy.
Here are tips for trading effectively in the forex market so that you can effectively supplement your existing income. Many people make their primary and sole incomes by trading the forex market and believe it or not, it's not as difficult to get into as you would think. The benefits are obvious such as having the money to do whatever you want and the time to do it whenever you want. Here are some tips for trading the forex market to make the kind of money that you're interested in making. First, you should stick to referring to trends to influence how you trade. Many traders have made it their life's work , but ultimately it all comes down to guesswork and is typically not worth the money or time which you put into it. In continuing with this point, long trends are much better bets than shorter trends. This sounds obvious, but what I am referring to specifically are well established trends as these are safe, low risk investments which pay out over time and continue to climb. This is much safer than investing in a short trend which rises quickly but reverses just as fast, unless you have a way of keeping a constant watch over the market at all times. Forex programs were developed as a way to constantly keep keyed into the happenings of the market, but without having to sacrifice the great time and effort to do so yourself. These forex programs analyze up to the minute market data around the clock and act accordingly to best position you on the winning sides of your trades. If a profitable trend reverses, with this software in place the bad investment is traded away automatically for you at the earliest indication of this, thus greatly minimizing your losses. Because of the independent nature of these programs, you don't need a lot of experience in the market to make the kind of money that you want.
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Topic title: Those Are Traders Who View Themselves As Victims
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