Only maths is pure science. Everything else is semi art because human perception is mixed up. Show me one thing other than maths which is pure science or quote a scientist. No scientist would dare to say that physics, chemistry or biology are pure science. Don't waste your time searching for a scientist quote. Either show me one pure science(other than maths) or quit arguing with me. Anything which is not pure science is semi art (including physics, chemistry and biology). Market patterns are non mathematical. They are representation of market psychology. Hence cannot be fully perceived through maths model. I am not saying math model is wrong. Bur it is inneficient. Nothing can match manual chart reading.
Thanks for sharing the link. Now it is more clear that everything and anything is semi art. My point is applying math on an art will down grade the art. Trading chart is an art. Applying math model on the chart means burning the sandal wood and selling the coal. I prefer to sell the sandal wood instead of coal. I wont degrade the art. Chart reading is an art. Math model dilutes the art. Math model can never ever match the art of manual chart reading. You people sell coal and trying to convince the sandal wood sellers that earning 2% per month is the normal. Sandal wood sellers earn lot more than that. In democratic world majority wins. 99.99% of traders sell coal. You win.
It would always depends on you, sometimes there are really people who learn trading in just a year. But in my case, I was able to learn trading in a year just the basics, but up until now I am still on the process on learning and trade like a pro.
If everything is what you call "semi-art" then there is no such "semi-art". Many like to trade using charts and pretend it can predict the future. But we all know it's nothing more than a diagram of price history, like all TA are lagging indicators. Otherwise we'd be all rich beyond our imagination. The next move on the chart is anybodies guess. However some guess better than others. Then give it back when they're on other side of the trade. The objective is to give less back...
In every task there is always scope for creative inputs and improvements. That makes everything a semi art. The chart represents psychological footprints. Reading them comes first, like a doctor reads the ECG graph. Next comes predicting, like a doctor diagnose. Real edge is in understanding the language that the chart speaks. There is no question of reducing the losses without developing the art of chart reading. A weak edge will be swallowed by frequent encounters of stoploss. Brokers and others promote trading by giving false image that trading is all about risk management and that any edge will do. This approach attracts common people. If they know trading is an art they probably have taken different decision. Result ? 99.99% failure. Brokers win. Traders(common people) lose. What is obvious to intuitive eyes is not so obvious to insight less eyes. Trading is a very high voltage competitive and speculative business. Lot of energy is needed to withstand the impulse here. Such an energy can be derived only from ones inspiration, interest, intuition, insights and creativity. Thats why wise people say trading is an art.
You're lost in your own philosophical semantics. Applying labels to elementary processes does not make you a better person. Some thoughts are better left unsaid. Or you could be labelled as dipping into medical mj to many times. Many are moving away from stop loss. http://www.cnbc.com/2015/11/18/why-will-the-nyse-stop-accepting-stop-orders.html Based on your last statement, trading should be a part of the Arts program. Rather than an MBA we should have BFA lol.
Perfect "Business and financial intelligence are not picked up within the four walls of school. You pick them up on the streets. In school, you are taught how to manage other people's money. On the streets, you are taught how to make money." -- Ajaero Tony Martins Tell me one institute where all the MBA professors are successful business people. First, successful business people won't have time to coach. Second, institutes cannot afford them.
Go talk to BFA/MFA and tell them what you're saying on this blog, that business and finance is an art and see what they say. I tried that once, they don't think industrial art is art...