A message to some day traders.

I know this bro. And I’ve said this 15 times in the thread. I keep getting strawmanned by idiots who read some TA books and are victims of sunk cost fallacy.

The problem is day traders think they have skill and it’s not skill. Skill doesn’t exist, if it does it’s neglibible. It’s 99% random. Their P&L is random. They think they’re predicting future short term price trends from past data but they’re getting fooled by the Randomness that persists in daily charts. That’s it for now.

 

You're not scoring points...

1. Claiming "anyone who makes money trading is just lucky"

2. Traders are "stoopid fools"

Got news for you. While much of the market's action is random, some of it isn't as random as you think. Learn that and trade for profit.

 

ERRORS are heteroskedastic. Markets are markets.




"Holy Cow! What a maroon!"


Heteroskedastic.....

 

IS THAT WHAT I F*CKING SAID? NO.

 

And people behave heteroskedastically. They error. And markets are people. People error. Errors are heteroskedastic. Humans behave heteroskedastically. The data derives from human interaction. F*****ckkkkkkkkkkkkkk

 

You said this, didn't you?

 

NOT TO ALL TRADERS GUY. READ THE TITLE OF THE THREAD.

 

Weasel much?

 

No weaseling at all, look at who I’m talking to, look at the title....

It’s frightening that no one gets this stuff... really is. I’m shocked actually.

 

Address this straw man like you did number 2 guy. Think before you type.