Very interesting point of view, StarDust, thanks a lot for that. With my background being quite different however, I have to talk with my father (professor of physics) to understand some of what you said.
I trade at first for broading my mind. I raed a lot so i understand more about economy. And of course for money.
That is why I am a lonely lonely man LOL. If you give me some more background on your own background I can try to say it less abstractly. Cornix: A single trade is two conscious egos disagreeing about a price - no disagreement, then no trade. If one conscious ego programs a computer agent to act for him as he would act , isn't the program really just an extension of his/her own ego? If we put ONLY two equal speed, equally programmed computers to trade against each other, could one possibly profit at the expense of the other? IMO markets are moved by individual traders' thoughts and emotions not by something magically encoded in past price data that can predict the future. If a computer could predict the future consistently - there would be no market and no trading! There could be no error in pricing to profit from. Most people act emotionally and then explain it rationally in my experience. A person with no emotions is a horrible trader (LOL or maybe a broker) according to psychology. When I used to play computer chess, I would take the machines "out of the book" for they could not think and my own thinking would often trounce them as they made basic positional errors. A computer could have every move and game ever played programmed in but then why would I CHOOSE to play? Every game would end in a draw. You, Cornix can CHOOSE to play, I contend a computer will never be able to CHOOSE to do anything. Hope that is more clear.
My professional background is psychology (MA and practice) and philosophy (near PhD). Not sure how useful in trading compared to math/physics skills.
That relates much to my own interest (other than monetary) in financial markets. Understanding the dynamics really makes you very informed and probably more adaptive in other business decisions.
This is good stuff star. Very insightful. I would boil it down to say that traders must evolve with the market to survive. This repeating mantras from yesteryear is a sure way to the poor house. surf
Yea it looks to me to have a decent edge a trader better be ahead of the public. As something is widely known, consider it gone. I had this experience with binary options. Great inefficiencies while relatively unknown, eventually gone soon after it was widely discussed on the Internet.
I watch my statements and my account, isn't that the truth? I just a finger so I am sure I am not dreaming.
By your agreement with this statement, do you not now understand then why certain people would not reveal a mathematically proven (even if TA-based, gasp) strategy to incessant questioning on forums?
Of course. But then they would provide other evidence of success. No one is asking for exact parameters of a system. is it possible, yes. Is it likely, no way as the underlying premise is proven wrong based on all evidence I have seen.