Probability and the Hard Right Edge

Discussion in 'Technical Analysis' started by BOC, Apr 11, 2016.

  1. toolazy

    toolazy

    read sorosh. he makes real money and even wrote couple of books.

    follow PROVEN winners.

    especially theory of reflexivity.
     
    #21     Apr 13, 2016
  2. wrbtrader

    wrbtrader

    This problem is fixable via limiting the time spent on learning/studying hindsight charts while increasing the time you spend learning/studying replay data or recorded data.

    To much hindsight chart analysis with cause problems when traversing to live trading...usually resulting in increasing level of stress in live trading with real money on the line. You see this problem with those that have positive expectancy in their backtest results but poor performance in real trading. Their brain has not been condition or program to analyze/react to real trading conditions.

    Yet, if someone doesn't have access to replay data or too lazy to record the data on their screens...they still need to document what was occurring overall in the market for the market context that they feel impacted the price action of what they were trading to better understand what happen on those hindsight charts or replay/recorded data.

    Analogy, its like reading a learning football only from a playbook without any real practice. You will perform poorly in a real game. Yet, if you practice with real players in live conditions of what you learned in that playbook...your performance will improve when its a real football game.
     
    #22     Apr 13, 2016
    slugar and boru like this.
  3. K-Pia

    K-Pia

    You learn nothing from playbook.
     
    #23     Apr 13, 2016
  4. wrbtrader

    wrbtrader

    Every football team I've been on had a playbook. They are extremely useful but don't use them alone without any real practice. Seriously, what football teams do you know that doesn't use a playbook or video reviews ???
     
    #24     Apr 13, 2016
    K-Pia likes this.
  5. SunTrader

    SunTrader

    I'd say someone should spend less time making their sentences line up diagonally and more time studying the market. And yes even sometimes reading a book or two on the markets. But that's just me.
     
    #25     Apr 17, 2016
  6. K-Pia

    K-Pia

    Got to consider this option.
    You made my day, thank you !
    I don't read books on the market.
    Since the market is the only real one.
    Other books are sort of dictionaries.
    I don't really learn from dictionary.
    But by stepping in the country..
    I learned this not long ago.

    I've spent lots of time reading books,
    As well as elaborated papers on the market.
    Unfortunately I was more able to talk about it.
    Than to actually make money from it.
     
    Last edited: Apr 17, 2016
    #26     Apr 17, 2016