Concentration - The absence of irrelevant thought Concentration is the true edge in our times. You fool yourself thinking you have an edge in technology because everybody has high tech gear. Trying to trade successful from small hand held device [...]
Never rarely sometimes always That is the typical cycle of breaking your own discipline in trading rules. First you swear to yourself you would never run a stop. Than it starts out you rarely do it anyway and are very [...]
Back to the future When reading fiction of time travel into the past or watching movies about time machines one theme dominates. The people who travel back in time worry immensely about how their behavior alters history. They fear about [...]
Success is when preparation meets opportunity Why screen exposure and overall experience is so needed in the field of trading is related to the fact that the market has a high degree of variability. It takes years to have seen [...]
Failure equals big money If that be the case we'd be all rich trading the markets. No, what we are referring here to is pattern failure. Chart patterns have probabilities of how often they work. Most bet in favor of [...]
If it breaks we get paid Or not. One aspect rarely talked about is the psychological aspect on why there are so few winning traders. You might have heard about the trader who reached his goal to make a million [...]
Accepting doubt There are no guarantees. The constant debate if Bitcoin gets banned or rises in price or will be replaced or... Nonsensical chatter in the news and one's mind. Nobody knows what happens tomorrow or in 10 years. The [...]
Built not bought This isn't just a catchy phrase. It is the only way to riches. It is statistically proven that most market speculators, that try to blindly follow a trading recommendation fail to produce consistent results. Why? The most [...]
Low risk precision trading Here at Midas Touch Consulting risk control is our foremost goal. This requires endless hours of backward and forward testing of each individual market, sector, instrument and time frame to stack the odds as best as [...]
Transaction time and ability matters One big aspect here at Midas Touch Consulting is wealth preservation. When the whole world writes article about the halving event we see no edge or urgency. Edges are not to be found when everybody [...]
