How is retail day trading anything but a gamble?

Discussion in 'Trading' started by kmiklas, Jun 4, 2020.

  1. Sekiyo

    Sekiyo

    We don’t care about you o_O
    Views are not yours.

    In 5 days this thread’s gonna die.
    Anyway ... Short term victory are for fools.

    Let him win the the battle.
    And take the war away from him.
     
    #181     Jun 9, 2020
    ChipShotTrader likes this.
  2. Well, NOT according to @themickey who placed importance on "VIEWS". To directly quote him:

    "7000 views in this thread, there ya go mate, an audience to swing to. :)"

    I guess his audience estimates are being surpassed! CONGRATS!

    PS. @Sekiyo Spoken like a true Zen Master...
     
    Last edited: Jun 9, 2020
    #182     Jun 9, 2020
    Sekiyo likes this.
  3. Excellent point @Sekiyo
     
    #183     Jun 11, 2020
  4. But 9,500 Views!!! And it's not even in "This Week's Most Viewed Threads". Something is weird, and I was psyched for that 10K Mark ;)
     
    #184     Jun 11, 2020
  5. @themickey

    Crickets...
     
    #185     Jun 14, 2020
  6. The Efficient Market Hypothesis is a bit of a joke when you think about it, how can one ever know that every bit of information is reflected via price? One might argue every known bit of information is reflected in the price, but known to who?

    There was a discussion on this recently by the 'founder' of the theory (Fama) and probably the biggest name in Behavioural Economics (Thaler) -



    Basically you cannot ever test the Hypothesis, so it is pretty worthless. That said, if you believe that all information you need to know is contained in the price..... Well, then one can study price and use that to determine likely future moves and ignore everything else...
     
    #186     Jun 18, 2020
  7. easymon1

    easymon1

    ...Ok, will do.
    i like to use the 200sma as a target sometimes
    when taking a trade between the fitty and 200,
    in the direction of the 200,
    know what i mean vern?
    Fitty to 200 9899.png
     
    #187     Jun 18, 2020
  8. oshjdf

    oshjdf

    Edward Thorp said market is not efficient and we need to figure out the efficiencies that give us edge over the market.
     
    #188     Jun 18, 2020
  9. You are indeed correct, EMF and both Fama are an Absolute Joke! For better insights: http://www.edwardothorp.com/

    Fama is a loser, and Thorp is a winner...
     
    #189     Jun 21, 2020
  10. padutrader

    padutrader

    because he will not make money doing that.

    the bigger player wants to make money and he will not get it by destroying everyone in the market place
     
    #190     Jun 21, 2020