Go to turkey problem again; see they’re both. Random and not random. But to us it’s random; incomplete information. Proof: black swans. No amount of available information on markets can help you predict these things. The path to the future contains unseeable land mines (known as black swans) that pop up and changes its course dramatically. Remmeber, no amount of observations of white swans (1,000-infinite) can deny the existence of a black swan. You need to be an All knowing, all seeing God viewing from a higher dimension like the butcher and the turkey to conclude that you do not see randomness(incomplete information).
You have typed a lot here, and markets have not moved. Markets will now be down 30% starting now, because I am long. At this rate, sir, we'll crash the system. You and I, we'd make a great team in controlling the global economy. All it takes is a dollar and a dream.
Quite elementary. Yes all the info is completely embedded in the chart. The bears win. Quite easy to see unless you got some birdshit in your eyes. No one can make money on a move before it happens so strike the word “ prior” out of your erroneous W.V. of the market. Simply put, to make money there has to be a move. The market will always indicate the coming move. Whether you or any other trader can “see” the indication clearly...well that is another matter. However, apparently you can’t see the wood for trees are so worried about black buzzards. Who cares why the bears are winning? The black buzzard crapped and bulls are running away. Easy to see. So easy. Hard to understand why you can’t see it. I bet anyone else on this thread can see the turkey heads rolling. And where the rolling began. And when the move was indicated. Wait maybe I know?? You are a long term trader in this example and the black buzzard took a crap on your sharpe ratio and high win rate and your fund managers said to “hold”..it will come back. It doesn’t so you making haste to buy some new underwear at Dollartree whereas I’m sending the wife to Dillards. See as a day trader I would not be holding this after hours.. But if this black buzzard took place in the session mama is going to Dillards. If I were you I’d take up day trading and be flat at market close. Shoot that black buzzard before he flies in!
A day trading billionaire? Never heard of any. I am a swing trader - every position I take is intended to go for days + as long as its a winner making a strong move. Hey, why I am on this thread anyway? This is about day traders- I let them defend themselves.
@volpri and @Amahrix Stop fighting over the XIV chart. That was an extreme example. I may only be a novice at this shit, but that chart is not one to fight over. If you guys want to squabble on charts, then post some current charts you trade, drag them to the left, and post notes with lines drawn in the blank space on the right-side telling us why the markets WILL go in your direction, rather than why markets WENT in your direction. 25 points from Griffendore. Markets are now going to tank 50%. Keep it up, and you may crash, as mentioned before, the whole damned system.
Lol, you're a joke dude. No different than the scrubs few pages ago changing the definition of technical analysis to make themselves feel better that they aren't tools used for prediction. That example proves my point, and it happened, in reality. I gave you another chart, you're the astrologists not me.
Sorry Overnight. He just keeps posting this chart or charts like wanting someone to explain. No one steps up to the plate to meet the challenge. So, I did but he don’t like my explanation so I guess I’ll fly away like an old buzzard.........into the sunset...