nugundam (We're way off topic now. Not sure about how strict the moderators are here.) Just found this: Probability theory is the branch of mathematics concerned with analysis of random phenomena...The mathematical theory of probability has its roots in attempts to analyse games of chance by Gerolamo Cardano in the sixteenth century, and by Pierre de Fermat and Blaise Pascal in the seventeenth century... http://en.wikipedia.org/wiki/Probability_theory -------------------------------------------------------------------------- Since we live in 'time', it is always NOW. We can remember the bad things (bad trades) of the past, but the past no longer exists. We can't move forward in time any faster/slower either. "The future is something which everyone reaches at the rate of sixty minutes an hour, whatever he does, whoever he is." C.S. Lewis -------------------------------------------------------------------------- Actually I would prefer thinking of a winning trader as a blackjack player that counts cards. The casino would be the market. But if you like your analogy, go with that. -Stephen
"No, you are not stupid. You just have to keep at it." ======================================= From Market Wizards (Michael Marcus): DID YOU EVER THINK OF JUST GIVING UP ON TRADING? I would sometimes think that maybe I ought to stop trading because it was very painful to keep losing. In "Fiddler on the Roof", there is a scene where the lead looks up and talks to God. I would look up and say, "Am I really that stupid?" And I seemed to hear a clear answer saying, "No, you are not stupid. You just have to keep at it." So I did.
"Fuck the charts. I make the charts" - as told to me by one of the biggest institutional flow traders.
"Fuck the charts. I make the charts" Thought I overheard someone say that at the FDA or was it a member of Congress?