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The same is true for the trend down. Need fuel, which will move the stop loss price. New sellers strike a bid, putting the asc. Have you seen this? In this situation it was necessary to pull closer stop. Hey man. Forget about one BIG megaprofit, 140 bucks cool. I'll give my tooth))) You're greedy. Entry in as I see just crazy cool. You're still not happy))) Michael Jordan would explode from the envy of your accuracy.
Give me some time. I m already reach a level of my 1st class english than i was able to speak free on it))) This message i wrote myself without translator
Oh okay, The language barrier makes things harder but I believe we agree
I just finished reading some Humphrey B. Neill and his theory seems the most logical to me so far.
He stated that there are three types of participants in the market:
A) Investors seeking income: Insurance Companies, Trusts, Industrial Corporations, etc
B) Business Speculators: Trading corporations, Amateur Speculators and the brokerages who execute trades for them
C) Professional Speculators: Floor Traders, Market Makers, Professional Traders, Intelligent Speculators
Group A are buy and hold investors. They make a few purchases a year at max and so they trade too infrequently to factor into a trading analysis
Group B trades, but often look for a quick buck and are uninformed in general. They are known as the the public/herd/sheep
Group C trades for a living. They have access to large amounts of capital. They are well-versed in trading, they have resources that most traders do not possess and access to more information than the average trader.
Group A falls into the first group you listed in your description: they make a purchase and then wait
Group B is clearly not smart money.
Group C has both the first group and the 2nd group in your description. They can scalp, they can buy and hold, they can do whatever they please.