i have not read robin sharma's
famous best seller
"the monk who sold his ferrari",
but i just sold mine
- my technicals!
it took me 2 years
of focused
single-minded
fanatic-scale
effort
to study rsi and william%r
besides some other indicators
and tools
(albeit to a lesser extent).
despite all this
hearts of hearts
i knew that the market monster
was not tamed!
recently
i even went to the extent
of admitting that no technical
can crack the market code!
technicals help
but not we retail traders.
they help
market forces
to provide
endless supplies
of victims!
this led me to the door of
next search!
and with god's mercy
i got IT
much sooner than i had expected...
"just follow the market's direction"
no technicals
no indicators
no graphs
no computer
no analyses
no prediction
just dumb shameless remorseless
following!!!
(i have explained these in detail
in my posts of last week)
i tried the new methods
and i had to pinch myself
to believe the results!
--
and what a coincidence it is
when i see right before my eyes
a statement from
none other than
Alexander Davidson
"....technical analysis doesn't work except to a limited extent in short term trading situations"
--
though i was not a monk
but definitely a wandering trader!
though i had no ferrari
i definitely loved my rsi and william%r
more than a ferrari!
though i have not sold my "ferrari"
i just left it behind!!!
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