Well, I mentioned before that I am creating my trading handbook which will be my reference in the years to come.
At some points, I stopped and thought that I need to include Market & Trading Facts that are not questionable or arguable. Knowing the facts is extremely important as we all need to differentiate between FACTS and what we believe in.
I need your help here, everyone who can think of a market or trading fact, please go ahead and post it. I will start with myself, that's what came to my mind till now, but I think we all need more.
1- Supply & Demand forces are the main cause of price changes regardless of real or intrinsic value
2- All markets are "zero-sum" markets which means that for every trader winning there is another trader, or a group of traders, losing the same amount
3- No holy grails in trading. There is no system that is 100% efficient
4- No one and no system can tell the future. The future is the future and what to come is unknown. We only speculate
5- Human nature do not change. Human feelings are always the same. Fear, Greed, Hope and all other feelings are always there inside us. They only differ in magnitude from one person to another
I am waiting for the rest of the facts from you guys. Hope that this thread be a helpful one.
Thanks,
Nader
At some points, I stopped and thought that I need to include Market & Trading Facts that are not questionable or arguable. Knowing the facts is extremely important as we all need to differentiate between FACTS and what we believe in.
I need your help here, everyone who can think of a market or trading fact, please go ahead and post it. I will start with myself, that's what came to my mind till now, but I think we all need more.
1- Supply & Demand forces are the main cause of price changes regardless of real or intrinsic value
2- All markets are "zero-sum" markets which means that for every trader winning there is another trader, or a group of traders, losing the same amount
3- No holy grails in trading. There is no system that is 100% efficient
4- No one and no system can tell the future. The future is the future and what to come is unknown. We only speculate
5- Human nature do not change. Human feelings are always the same. Fear, Greed, Hope and all other feelings are always there inside us. They only differ in magnitude from one person to another
I am waiting for the rest of the facts from you guys. Hope that this thread be a helpful one.
Thanks,
Nader