Is Trading Just Guessing?

Discussion in 'Risk Management' started by macattack, Oct 7, 2011.

  1. ammo

    ammo

  2. sorry I don't follow eclipse for trading, so I can't understand for elaboration friend.
     
    #202     Nov 5, 2012
  3. ammo

    ammo

    just threw that out there, they work like your geometric calculations,cause or coincide with big moves, maybe 7 out of 10..i dont trade them but like to be aware of
     
    #203     Nov 5, 2012
  4. davroz

    davroz

    and the real truth would be that we are manipulated and regarded as cannon fodder by those in control?
     
    #204     Nov 5, 2012
  5. niparupa

    niparupa

    No trading is not a guessing business.
    It just depends on your skill and knowledge..
    Who have good skill in trading they can do well in trading.
    Sometimes it depends on your luck because no one can give you 100% surety to get earning in very day..
    So for that I think you are not taking trading as a guessing business.
     
    #205     Nov 7, 2012
  6. bone

    bone

    You will not find a legitimate professional trader; that is, someone who actually trades markets in order to make a living and support a household, who would agree that trading is just guessing.

    Having said that, there are no absolutes in trading. Joe Kennedy Sr. during the month of October in the year 1929 being a notable exception. If you need absolutes, please find another profession. A US Federal Government Job comes to mind.
     
    #206     Nov 7, 2012
  7. ammo

    ammo

    if i measure a wall to 104 5/8,cut a 2 x 4 to fit,i know it will fit,that is not guessing, if i short oil at 87,hoping not knowing it goes to 86,that is a guess,no matter how many variables you use to make the decision to put on the trade
     
    #207     Nov 7, 2012
  8. the1

    the1

    There's a big difference between probability and guessing and then there's the element of.....experience. For the vast majority trading is guessing I suppose. Buffett once said something to the effect of, "if you don't know what you're doing you don't belong in the business." Trading is a craft, not unlike any other type of craft.

     
    #208     Nov 7, 2012
  9. Klemen

    Klemen

    It is like in Poker. On a long run little differences make all. You will see that some small % of people are almost every time on final table of "forex"...
     
    #209     Nov 8, 2012
  10. Aas

    Aas

    I do not have the stock market % of capital per month traded by the retail section and if I did I think it would be of no real significance.
    If this be so then the cannon fodder analogy is unfounded in the general scheme.
    To be manipulated you must be of a certain mindset.
    To not allow yourself to be manipulated you must also be of a different mindset.
    Either way you still have to take a guess but the outcome will of course depend on what mindset you were in when you placed the trade.

    "If this be true then what is more important, your mindset or your guessing"
     
    #210     Nov 8, 2012