Science Trader Although we aren't specifically referring to heat transfer or gases, there sure is a lot of HOT air on these boards. Note that you do not see CONSISTENTLY make money in that part of my post. Actually, what I really meant was that if the markets were random (which they are not) that it may or might be possible to make money with proper risk management and trade sizing. But given proper risk management and trade sizing in the existing non random market for the skilled trader the sky is the limit. It does sadden me though that in my miss wording of an attempted concession to the starter of this thread, the real meat of my post may have been lost. Thanks for your response Science
genius. I have concluded that there is no such thing as randomness. Generally, 90+% of everything measurable occurs within a very small envelope relative to the mean. Even tick charts and coin toss charts trend. It's almost as if there's a protective boundary around human events limiting the effects of the Second Law of Thermodynamics and preventing total chaos.
Red up on the international geophysical year 1957. Look especially to the van allen belts performing as lenses. Secondly take a look at the data derived from the ill chosen nuc bomb launched from quadulain islands into the van allen belts.
The use or may or might doesn't change anything with that sentence : If the market were random it would be possible to make money with proper risk management and trade sizing.[\B] ....as it is IMPOSSIBLE. That's basic probs.
May I assume that by "skilled trader" you are referring to non-random entries, and that you are not suggesting that risk management is the only necessary "edge?"
Science I must say there is a huge difference in using "would" or "may or might". As I said before I miss used "would" in my attempt at diplomacy to avoid this type of discussion with the thread starter. What appears (or is universally considered) impossible today MAY or MIGHT be proven possible in the future. As we learn more about streaks and persistency for example. Don't forget at some point in the future that black swan MAY or MIGHT (note I didn't use WILL) jump up and bite your impossibility in the ass.
NO, READ MY LIPS : IT IS IMPOSSIBLE TO HAVE AN EDGE IN A RANDOM WALK MARKET USING RISK MANAGEMENT OR POSITION SIZING OR WHATEVER TOOL. It's not a trader talking, it's a physicist / mathematician and believe me, we know that nobody will come and discover such a way in the future, even in a million years.