A good trader must be also good in game theory and conspiracy theory!

ridiculous o_O
Trading isn't magical or complicated or for geniuses and brainiacs and sorcery ...or anything like that -- it's actually Really Simple...beyond that, it's just a matter of being lucky and having great money management and foresight.
 
lawrence-lugar said:
ridiculous o_O
Trading isn't magical or complicated or for geniuses and brainiacs and sorcery ...or anything like that -- it's actually Really Simple...beyond that, it's just a matter of being lucky and having great money management and foresight.
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I don't know about conspiracy theory but there are most definitely strong concepts of game theory at work. For every failed breakout and whipsaw you see there was a reason for it that wasn't necessarily about "well the price was sinply not fair value." There's fair value and then there's "fair" value.

Recognize the invisible hand.
 
I think for hedge fund managers who are analysing fundamentals being able to think in unorthox ways, question authorities, assumptions and the norm and bet against the crowd is pretty important. For a day trader I think its irrelevant and you just trade price action.
 
i960 said:
...For every failed breakout and whipsaw you see there was a reason for it that wasn't necessarily about "well the price was sinply not fair value." There's fair value and then there's "fair" value.

Recognize the invisible hand.
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Huh?
 
NoDoji said:
Too funny: A couple days ago I thought to myself, "Conspiracy theorists would be absolutely doomed as day traders."
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Really depends on what you think of your typical conspiracy theorist. If we're talking about the paranoid ones who love to blame the world and how its stacked against them and who really dont use much logic or reasoning, sure. Otherwise there are plenty of conspiracies that are founded on logic and reason.
 
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