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Sure yes. Zero-sum mean the sum of zeros that imply zero transaction or zero execution, meaning that both traders didn't make any trades. Then where the wealth has been created? Right. :D

You know I did try that too. But I think I may not have the ability as yours. Finally, I ended up by proving to myself that mathematically it's impossible. I understand that you are not seeking the exact high and low but something close to it. The movement of a stock price is a bit...

Thank you Mr. Rockford. However, this solve only once the order is recorded in the book. It's still not clear when the book is empty and 2 orders (long, short) coming at the same time, it seems the specialist prefers to take the long before the short.

Great. He found it. The unique participant in that stock is him.

Buy low and Sell dear. We were all trying at least one to catch the low and the high, and fail. Because we never know in the future the low and the high until it made then we know. We only know them with the historic data.

The statement is If a specialist accepts a short order..., I interpret like this, please correct me if I'm wrong, If a specialist accepts a short order when this order is coming at the same time as long order then the rule is applied. There's an "IF" it doesn't necessary mean that the...

Because Mr. Buffet seldom pull out the money from the Market. His goal is just to grow time over time, not to make a killing and not to mark points. What is the goal to make money in the Market if we don't use that money, just a waste of time.

Interesting, very happy to talk about that with you. If we compare the amount of $$$ is nothing due to time, inflation, country GDP, total money in Wall Street, etc. Even that I think Jesse Livermore had a higher percentage (his money / Wall Street money) than Mr. Buffet. If we ask this...

By the ways, I guess you were not really successful at the beginning, the same as many of us, including the super legend Jesse Livermore. Because at the beginning we were all using our innate talents to deal with the Market, and most of time fail. Then with time goes you learn, you had been...

Because we all went to University with expectation to earn a high degree as possible, but not all of us will get Ph.D. including myself. But we can say we learned something and we are able to do the job, not at the same level as the guy with Ph.D. but we can do it. If we weren't been taught...

That's because he still a student, meaning that he is constantly learning, and once he will be completely independent he will be able to develop new method by himself based on what he has acquired and of course with his own experience as well. That's why we, the majority, need to go to school...

casamaya, You know, uptik2000 is a professional trader and a professional loves someone like you.:)

It means that using a system that is designed by yourself is likely to work better than using a system that is designed by someone else since it fuses with your personality. It doesn't exclude a possibility that it can be taught with a condition of the same background and similar personality.

Thanks a lot Steve, nice explanation and very encouraging for everyone. Just to make thing clear and simple since among of us got confused with the term Superior trader that is borrowed from The New Market Wizards. Let define superior trader as a successful trader, a trader can be successful...

No. We read your thread title.:eek:

This exactly the same phenomenon as the Stock Market. What has happened in the Market in the past continue to happen in the future. The same as the 1929 crash and has been reproduced in 2000, and will probably reproduce in another 80 years because new comers didn't know the past and will do...

Yes, maybe it's possible to be guided. But some how our emotions prevent us from doing the right thing, instead of exit then stay and vice versa. Without under pressure we can think clearly but with the pressure of losing money we think irrationally. I think it's possible to find a system and...

I don't know. But I have some doubt that it can be taught. It has been discussed long time ago on this subject between William Eckhardt and Richard Dennis. And many had agreed that Richard Dennis was right supporting an argument that successful trading can be taught over an argument that it...

Exact. Trying to predict a random is like trying to validate Einstein Theory God doesn't play with dices which is disqualified by the Quantum Theory.

I think what is possible is to predict within a range, not the exact number that will come. Generally they use Statistics (Variance, Standard Deviation) to predict the outcome random variable based on past values. For example, we can build a software to calculate the variance/std_deviation...