Thanks, nice explanation. I believe the original poster meant "stock price movements are random." which is how the statement was interpreted....
People who're struggling with "understand" markets could do a lot worse than simply reading -- and absorbing -- whitster's posts. (And, no, I'm...
whitster, agreed, I've used MP myself successfully. There are moments when price forms a normal distribution with a value area, as you say,...
Given that the CNBC clowns are dressed up or down shills for the Street, you can probably do pretty well by doing the opposite of what they recommend.
Even if/when it happens, I imagine the Specialists will retain a way of hosing the retail investor. Remember Richard Ney's anecdote about Lucky...
I'm reminded of Richard Ney's anecdote : "The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in...
I think we're making the same point. Price movement can't be modelled with stochastic linear distributions. That's the inherent and fatal flaw...
Agree with whitster in every particular.
Provocative posts like this make us all reexamine our basic, unconscious assumptions about how markets work, and that's valuable. "You can't...
Based on my own bitter experience (not to mention tons of money paid in "tuition"): - Develop a comprehensive trading plan that specifies setup...
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