Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
So the markets are always said to be constantly changing.
This is true to me in that we have bull markets bear markets.
Consolidation periods, periods of high volatility and sleeping periods.
However What i want to know is if markets constantly change how do you keep winning?
The answer comes down to what in the market is a constant that you can always capitalise off?
Im asking what is consistent in the market.
Can you help answer these questions from other members on NexusFi?
Mike that doesnt really answer the question at all.
What stays the same as you say?
Are you saying the only constant is inconsistency.
It is not possible to profit from something that is truly inconsistent because something truly inconsistent has no repeatable observable pattern.
its not only the market....but a person also changes every single sec. change is a constant in this life.
however there were great traders in the past, there are today...& there will be in the future till the day markets exist.
hard work and determination can however change the way one looks at markets as it unfolds, however one does need a repeatable edge and discipline if edge fails at times. Markets are a constant change but made of folks who do have some repeatable nuiances. just my 2 cs
I guess by stating "The more things change, the more they stay the same" Mike points in the direction of human behavior. Greed, fear, denial, hope, the reptilian brain will always be with us human species.
Traders make an effort to identify other market participants' expectations influenced by these emotions.
You need to have a plan/strategy for each market type, or a strategy that works pretty well in all market types. Trading higher time frames are easier in that markets don't change as often on higher time frames as they do, say, intra-day, where you can have trend days, consolidation days, high & low volatility days, all in the same week. However, with daily or weekly time frames market characteristics take longer to manifest themselves and the intra-day/week changes are just noise.
If trading intra-day it may take 1/3rd of a day to figure out what kind of day it is and by then the trading opportunities may be limited. You're better off trading support & resistance intra-day and right-size your positions according to the current volatility regime.
We only need things to be "slightly consistent", to make money overall, with good money management.
Previous support and resistance don't have to be forthcoming support and resistance, but they can be often enough to give us a bit of an edge, and fortunately that's all we need.