Just wanted to say thanks Acrary for the post....and a big Thank You for all your posts, though you don't waste your time posting your head off, when you do post, 9 out 10 times I learn something that I can think on a bit that I know comes from a true student of the markets, who obviously does well with them, Keep them coming!
This is just one of many little thing that I learned from Acrary's posts "Did you know that after the first 2 hours of SP trading, there is a 90% chance that either the high or the low is in for the day?" this is very valuable information. thank you, acrary.
Sure it is. Not identical, of course, which is why I used the word "similar." Because both... 1. Use a simple trend following TA. 2. Limit bet size. 3. Add bets as the market moves in the trade's favor. 4. Have strict exit rules, including those limiting losses. 5. Incorporate the power of diversification to maximize gain. Similar. Not identical. Having similarly useful principles.
first i wanted to write a critical post on this probability, because i thought it is misguiding. but i did a small monte carlo first and came to the result that it is a very significant fact that is very different from random. strange.