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Brownian motion is a price model, not a trading system.

If by "it", you mean price level, I'm inclined to agree. Predicting tomorrow's daily closing price is extremely difficult, if not impossible. But you can be profitable simply by predicting price direction, and if a trend is present, that should be obvious. Your prediction doesn't have to be...

Good entries based on guesswork often go wrong because they are merely lucky or unlucky. Good entries based on scientific analysis (a very rare phenomenon in the trading world) rarely go wrong. Most trading entries are based on iffy patterns, iffy bar analysis and iffy indicators. Very little...

The OP is wrong. Price is not random. There are systems that work, but nobody is going to hand him one on a silver platter. Sorry 'bout that. As far as entries: they do matter. Great trades start with great entries. Lousy trades start with lousy entries. IOW if you have a great entry...

A single transaction tells you nothing, it is merely half a trade. Assuming that both transactions are exits, you might have two winners, two losers or one winner and one loser. You can have two winners or two losers because the person opposite you in the exit is almost never the same person...

There is now a permanent "banner" on the left side of my screen. And when I resize my screen as I must because I have vision problems, the damn thing grows to take up even more real estate. And my spelliing auto-correct is now gone as well.

Bad. Seriously bad. What, is somebody blackmailing Baron into making these silly and unnecessary cosmetic changes? This sucks.

Not the way of the world, but definitely the way of hypocritical plutocrats like the kind that rule American conservatism.

It wasn't liberals who gave taxpayers' money to the banks during the financial crisis. And it wasn't liberals who bailed out the culpable airlines after 9/11 by denying lawsuits and using taxpayers money to make the victims 'whole'. And as much as you rightbots love to throw the word "bailout"...

http://www.elitetrader.com/vb/showthread.php?t=278431 Ot: I wonder if the timing of this thread has anything to do with Shark Week starting this weekend ... hmmmm.

Kid? LOL. You must be a teenager. You've got the ignorance and arrogance of one nailed down. "To conquer fear, you must become fear". If you think that comic-book/Hollywood horseshit represents enlightenment, all I can say is good luck with your trading.

What it says is exactly what I'd expect from a comic book: insipid entertainment aimed at 12yo boys.

Taking your trading advice from a comic book character is not a good idea.

You're misrepresenting what he said. He made trading success all about emotional control rather than trading knowledge, which is nonsense. There are traders who 'suffer' through many trades but they are net-profitable because they knew what to do. Having a positive attitude means little or...

Pete Najarian comes to trading from the world of football so his "expertise" is suspect. His brother Jon is the one who got him into trading.

Thanks as well. For anybody interested, the final season of Boardwalk Empire starts on HBO next month. It includes Lucky Luciano after he organized the American Mafia in the 30s.

Why do we need luck, if all we have to do win is just let go? I think you're confusing trading with poker. Trading doesn't care about your self-esteem, it's all about KNOWING what to do and doing it. There is no bluffing in trading. You aren't looking for your opponents' tells. There is...

Based on what? You're playing a zero-sum game against a bunch of other wannabe winners who want to win every bit as much as you do. This isn't some kindergarten game where everybody gets a blue ribbon just for showing up. There are going to be winners and there are going to be losers and...

+1. You nailed them. No. Most TA is just ad hoc attempts to separate "significant" price moves from the random "noisy" ones but there is no explicit model involved like there is in QA.

True but what else is there to go on? We've always counted on the past (aka experience) to help us deal with the future. Why should trading be an exception to how we deal with the future in the rest of our lives? Don't let a legalistic disclaimer dissuade you from benefiting from...