Chapter 4 About how to Learn the SKILL:
We´ve heard the quote that “Trading is a Learnable Skill” a thousand times, yes? Allright! Now, here is the TRUTH:
Trading becomes a LEARNABLE SKILL ONLY AND AND ONLY WHEN YOU LEARN IN THE CORRECT WAY!
Period! End of Story!
What does this mean? This means that you can learn in the wrong way too, depending to whom you listen to. The skill of trading in a generalized way is to big to comprehend and learn effectively because of the too many variables that if offers to the beginner trader. Just look at all the methodologies we have out there: Fibonacci, Wayckoof, Elliots, Pitchfork, Ichimokus...and so on and so on....
So here in this course you will hear and see and hopefully learn different concepts, rules and ideas. All of those work most of the time (7 times out of 10) from the 1h chart and above. The bigger the Time Frame the better the Statistical Probability of what you are going to see in this course. On the smaller charts, like the 15min the probability gets to random 50%-50%. Why? Because on the smaller time frames we have a lot of noise. What is noise? Noise are patterns that don´t work out (makes us profits) in a statistical manner. So I suggest you to STUDY the charts from 1h and above to get a better understanding of what you are going to learn. And one more suggestion: Participate in conversations and ask questions! If something doesn´t make sense to you, ASK! I´m not here for you to blindly believe me, I´m here to MAKES SENSE of the Markets to you and Trading Business itself! You can also challenge me on anything! I loooovveee the non-believers! Those are the best students!
