3 thoughts about behavior

Quote from jack hershey:

Thanks for your comments.

For those dong cycle 1, here is a rules flow sheet....
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Jack, I'm amazed by this combination: genial perception + confused expression ... :)
 
Jack - Thanks for the rules sheet. Right now I'm using my brokers plain vanilla chart pkg - Can't do the Pareto stuff (color change automation), but I can work around that. When I get time to set things up, I will try this approach in SIM :)
 
Quote from jack hershey:
There were 10 trades today that could have been handled by a beginner doing cycle 1. Doing 6 out of 10 would come close to meeting the cycle 1 daily goal.

There were only 2 dom trades in the spreadsheet during 1 cycle, weren`t it? The beginner shouldn`t break the rules from the start
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:)
 
Quote from jack hershey:


Kahneman and Tversky have shown empirically that people are irrational in a consistent and correlated manner. However, the case for the EMH can be made even in situations where the trading strategies of investors are correlated. So long as there are some smart investors and arbitrage opportunities, they will exploit any mispricing and the irrational investors will lose money and eventually disappear from the market.
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It follows that any indicators - DOM,volume,T&S etc...that is used within shorter time frame are of no real value.
 
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