If that is true then maybe it explains why humans are not very good at it. http://www.agenarisk.com/resources/probability_puzzles/Making_sense_of_probability.html
This probability stuff is not so obvious. http://www.agenarisk.com/resources/probability_puzzles/montyhall.shtml
You're Welcome No Sir, never tried either.... I went the entrainment way (recordings w/ binaural beats & affirmations imbedded - then listen to them) probably sounds goofy - but I swear by it - to this day RN
Just to reiterate Note No system or methodology ever created will make a trader profitable It is the trader who will make the (any/ all) system / methodology - profitable ==================== The only "perfect" system/ methodology - is the one each trader creates to match his/ her personality All systems/ methodologies win... and all of them lose - again - it is the trader implementing / managing that system/ methodology - that makes all the difference ===================== We all have losing trades - they are no big deal Learn to accept short term pain easily - for long term success Learn to be wrong quickly - to be correct ultimately Simply some dumbass redneck's food for thought Sir RN
I know exactly what NYSE was talking about.Exactly! I even traded it,seems robust, but not enough for the 5-6 daily ATR. Good luck in cracking it,though.
Humans have an ingrained need to know - so much so that we resort to fooling (lying to) ourselves to create it All of us will die - that is certain Vast majority of everything else is uncertain - especially the outcome of each trade We can learn to accept that... or continue to fight it RN
Hello to everyone, Firstly I would like to really thank 'TFF' members for this thread and some other similar threads, and actually thank everyone who took on his time to help or give some clues, or even just trying to go forward. I hesitated creating a thread but as the idea to post comes to me when reading this thread ( for 3rd time ) and considering that I still don't know the obvious I decided to post here. It may be of no value but I thought that maybe writing it may help to do some connections in what is between my two ears. It has been several years now that I am trying to figure this out, and sometimes I really wonder how much time I will need to 'get it'. Though, without wanting to sound pretentious I think that I may see on a forum who is able and who is not able ( I mean as a trader ), who I should pay attention to and the others. What I noticed is that the posters 'who knows', who are 'able', and profit'able', they are few ( which is not a surprise ). And whatever the different method each one of them may use, if you read them carefully you can notice that globally they tend to say the same things, and these same things sounds like very simple principles as this one "Market can either go up, go down or sideways". Or "buy low, sell high". Stating simple (apparently) principles like this will get them another thing they tend to have in common, which is : for 1 individual ready to listen to them, there will be perhaps 9 individuals ( not always but generally 'not able' ) who will criticize what they say or just go "and ?". Not in particular order, and maybe a bit deformed, the following is some 'principles' or 'clues' if I may say so, that people whom I think are 'able' and profit'able' tend to affirm : - Use what is between your 2 ears - Your eyes might be the most important tool : trade what is happening in front of you - It is more about yourself than anything else - Learn how market works ( and it seems it is not about knowing about markets interactions or institutional players or hedging etc.. ) - To learn how market works, you have to learn to think differently - Ask yourself the right questions - There is something so 'simple', 'obvious', that when you will see it, you will wonder how come you did not see it before - Market can only do 3 things : Up, down, or sideways - Buy low, sell high - Everything in public domains, books, and all, are almost of no value - Think outside the box - You have to design yourself your own way, your own edge - Importance of the entry in order to get the lowest risk and a superior reward - Time can be an important piece of the puzzle - For some : Exit is the next entry signal I may miss some, but it gives an idea. So I guess that now, my problem and certainly a problem for others, is how you come to think differently, in order to get 'how market works'. I stare at naked charts for hours and hours trying to decipher price moves. But I think I can say that even if I am at it for some years, I still don't know how markets work. So, if there should be some question maybe it would be : Will 'just' staring at naked ( dead or live ) charts by thinking hard will get me to ask the right questions in order to learn how market works ? How may I learn to think "differently" than what I am doing now ? 030985 ( Thank you for reading, and sorry if there any English grammar mistakes )