The Authority’ on Price Action Trading. In 2016, Nial tim forex the Million Dollar Trader Competition.
Daily Trade Setups Newsletter – Click Here. In fact, it is quite common for people to swim with these animals for days or even weeks without any sign of aggression, until one day somebody goes swimming, fishing or even walking, and they never return. Dinosaur times because their method of hunting and adapting is so successful. We are without doubt predators, not just trading predators, but as humans we are naturally built and function as hunters. A LOT of protein in his diet to survive, to swim and to hunt. Is his energy best spent going around all day eating little bait fish which are easy to catch?
Imagine how much energy he would expend trying to catch a high quantity of low-quality prey like that all day. This phrase is merely discussing the merits of being patient, possibly frugal, disciplined and well planned, but its implications are profound and very true for both the crocodile and the trader. It may shock some of you to know that nowadays I may trade only 3 times per week or even less some weeks. I don’t blame you for thinking that way and it’s easy to think that way with most mainstream Forex websites pumping day trading and high frequency trading. For definitions sake I would refer to myself as a swing trader and a trend follower. I attempt to capture the larger moves that occur over multiple trading sessions or possibly multiple days or weeks. In this way, I am very much analogous to a crocodile in my trading, in fact I might even buy a picture of a crocodile and hang it up in my trading office to remind me of how successful a predator the crocodile has been throughout history and most importantly, why it is so successful.