Precisely.
And give me your profitable methods/tricks/system too. Maybe I can supplement the income you provide by publishing a newsletter on this. And by the way, you have a wife or girlfriend?:D
Concur.
Many speculators do not understand that
1. You do not need to predict. Reacting is fine. You can make decent returns by reacting, so why try to predict?
2. If you try to predict, you will not be able to do it with much consistency.
I track the weekly predictions of market...
Anek,
I just discovered this thread tonight. I find it fascinating and enlightening. I appreciate your generosity in sharing your insight with others. Your articulated experience reinforces what I have learned about trading in the last 20 years, though our instruments (I only trade stocks)...
Very well put austinp.
However, it's not accurate to call those with the failed strategy you described "non-traders."
Some traders trade for thrill, some to make money.
Those who trade for thrill are often lacking in risk management.