Ugly Old Goat
Aug 31, 2018 · 1 min read

By demanding, I speak of time rather than price. The term implies a shortening of time rather than fixed or absolute price. I am a bull, but the price action now demands I not live through similar selloff like the one we just had. Markets are dynamic, not static. Terminology is important and since writing I have found I define some terms differently than others. . . I have defined this term before as it has been misconstrued before.

I agree with you completely about accepting new ideas. I should have said open to new ideas. Larry Williams book is a classic example. He provides a lot of information but I find most not useful.

Or another example is Tone’s interview with Willy Woo. I am open to new ideas but I really did not understand it. So I plan on listening a second time simply because I respect the source, and the problem is likely the material between my two ears.

There is an infinite amount of information out there. As a trader you choose your tools and stick with them. I really do not use that many and I know many successful traders that use very few.

The validation comes from profitability. I, too, find those who have a need to be right or a need to be validated by others are rarely successful. Quite the opposite.

The one tool I have found common to all successful traders is money management . . . and I emphasize this tool above all others. The rest is simply icing on the cake.

UOG

    Ugly Old Goat

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