So true, he could be a troll for all we know. Memories of a group of posters on here around 8-9 years ago who insisted all stock moves were a random walk. Any trend including a strong persistent one they still insisted was a random walk.
DeadTrader, finding a system is like walking the line between sanity and insanity. The insanity lets you ask the right questions while the sanity lets you answer them.
no markets are not random....but that does not mean you can predict them.....but the fact of the matter is that any edge is fleeting and you have trade in the market when you have an edge. so 80% of time you are doing nothing
if you are looking for a one page on how to trade you are not going to find it most of the time it is management of the trade that makes you money. what you have to learn is how to manage the trade, manage your geed and fear, manage your capital.... most traders only manage their entry........but that is only a small part of trading
The real edge is a combination of expertise and insight across multiple disciplines. Mathematics : Probability, Statistics, Random Variables (and so much more). Markets Knowledge : Expertise in the interpretation of financial securities and their use. Technology : Being able to use scripts / algorithms and other tech to be more productive. You also need to have a very sophisticated understanding of the global economy and markets. As you can see, this is not an easy task. It can take 10 years (or more). Just an aside, I would guess that it takes an IQ > 135 just to understand the above.
DeadTrader, I feel your pain. I have quit trading just to return several times in my life. I cannot even speak to my wife about trading, but ironically she will play the lottery. I view trading like playing the lottery. I have discovered the Micro Nasdaq (MNQ) after wasting many years in the "Wild West of Forex". I always wanted to trade the Nasdaq as it is the best bang for the buck compared to other index futures, but it seems so wild. Now I can experiment live with a micro contract and lose more slowly and gain the much needed live trading experience that I need. Yes I hold out for the time that I can get an edge. I have not given up but I am in search of what fits me to stave off the truth that the market is just a big casino in which the traders that you are competing against will never help you. Even if a kind soul tried to help you it may not fit and you would not use the knowledge given you. This trading thing becomes a personal quest in which I may die before finding the "edge" that I speak of. I told Wifey I am forever lost. Fortunately, my house has no mortgage (just property tax) and I do not use credit cards. I am 60 years old and cannot really retire if I wish to keep trading as I constantly need to fund my trading habit. How much have I lost while chasing my dream of finding an edge and becoming consistently profitable?...I do not want to even go there. To deal with this reality I insist on trading being gambling to deal with my failure. is trading "not gambling". Vote here: Is trading Gambling or not .."What say You" Vote here. P.S. You know my trading is like my walk with the Lord Jesus Christ. First, You got to admit you are a sinner to be born again (with a little help ). When you begin your "NEW walk of trading" perhaps "probabilities" can become job tools instead of gambling temptations.
I could not trust the dealers. They control the purse strings the quotes..etc. Not regulated. No standardized feed...