Food for thought...

John was sold a lie.

It is a lie so easy to think about. Because it makes
so much sense.

Near impossible to challenge its own logic.

And, actually it is not a lie, per se. I mean, should you
believe in something so much, and then spread this
opinion to other people, is it a lie?

Did not matter anyhow.

John thought the lie:

- You place indior A on your chart.

- You then place indior B on your chart.

- You then place indior C you chart.

- If A, B, C (and E, F, G.. .) Are ALL telling you that
the price is gont move up, then the probability of price
going up is increased, right?

So when John got confirmation (the price is gonna rise)
and his indiors have been in agreement, he entered a
lengthy trade.

Then the impossible happened.

Price stinks.

John was angry, confuse, and disheartened.

Perhaps he did not add enough indiors.

Perhaps if he also got confirmation by a couple more indiors,
the price could really shoot up.

(like market price rises or falls just since these
magic indiors say so...)

So, he added indior X, and Y, and Z.

Then the exact same thing happened.

WTF.

A vicious circle.

No wonder John is frued.

No wonder John falls again and again for the
trend of the day everybody's trying to sell him.

--

Matt was sold exactly the same lie.

It made perfect sense.

If one indior is appropriate 50% of the time, another is
right 50% of the time, then once both of them difficulty the
same signal, the chance of it being appropriate has to be higher
compared to 50%.

Right?

Nicely...


Why would you believe unsuccessful traders are obsessed with
market analysis?

They crave the SENSE of certainty that analysis appears
to provide them.

Though few would admit it, the reality is that the typical
trader would like to be right on every single trade.

He's desperately trying to make certainty where it
just does not exist.