Got One ! Instead of post, those were words in interview. I was learning about P2P platforms, pension plans, ,, value investing ", had a bad sense about cryptos so skipped those ( Ray Dalio and WB , Ken Fisher and Charles Swarb, all laughed whenever reporters asked them ,,is a bitcoin a safe heaven for investors", so i knew it's a dead rat, meanwhile everyone in my job and friend list was mad about it , and looked to me as a fool when i warned them, whatever ) etc , had no clue about trading and thought all of these lines and tech analysis is nonsense. The Dunker Kruger effect was strong in this one. Then UKspreadbetting channel, guy said, ,, people make 8% a year, on good day, i make that per day". Then a single line made me thinking, that there has to be something more into this. Since then ( 2018 july) , all day long trading, interviews, books, podcasts ( specially chatwithtraders youtube ), 10~ demos, 800~ trades per moth. And even long before that iv read ,,Market Wizards", damn, that was as interesting as LOTR by Tolkien. ( couldn't deffine much difference tho back then between investor and trader ) Now the forum, which is 100% best discovery of the last 12 months.
Well I think the closest to a holy grail is what nearly all of the top traders emphasized in audio interviews as being significant, it goes like this "the best trades run hard right out of the gate". My approach to trading is centered on exploiting this concept - cutting losers very aggressively.
Mark Douglas' "Uncertainty Principle". Helped me stop getting angry at losses, and keep a level head, stay away from revenge trading and other bad trades that come from frustration. Just a little switch in how I saw trading made all the difference. (famous book, Trading In The Zone)
I hope you realize, that Mark Douglas(RIP) never made a red cent actively trading. I generally look up to experts who lead by example
I was under the impression that he was somewhat successful. Either way, his ideas are right on target from my experience. There are profitable traders out there, but none of them have taken the time to really explain the deep foundations of how they see trading. There are good traders, and there are good teachers.
On target to do what? His ideas are so detached form the actual structure of the market, that your better off using Elliot Wave and Gann theory.