A message to some day traders.
- Thread starter Amahrix
- Start date
Now you are really stretching it.
Your probably right. I don’t think he will make it that far.Now you are really stretching it.
Except you can’t prepare for randomness when your “tools” convince you that there is none.
Once the participants of this thread accept randomness, they’ll realize their tools are inadequate to deal with this phenomena and will subsequently experience some enlightenment.
Thx for vindicating me.
P.S. turn randomness into your friend.
Are you promoting your book?
Trade
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No, that’s not my book. Re-read the post. It’s an excerpt from the sources page. That part is irrelevant.
Obviously there is uncertainty with the outcome of any trade or investment made. There is a level of uncertainty with everything in life, including business and the markets. Being obsessed over not having a guaranteed outcome in the markets seems like an emotional disorder.
Many people cannot tolerate the feeling of uncertainty, and according to mounting evidence, this fear affects mood and health. Intolerance of uncertainty is linked with mental disorders such as anxiety and depression, researchers confirmed in a paper in the June 2013 issue of the Journal of Clinical Psychology; their results also revealed a strong link to panic disorder.
https://www.scientificamerican.com/article/how-to-cope-with-uncomfortable-uncertainty/
If you think the markets are purely random than explain why stocks with good earnings have price rising while those with deteriorating earnings are falling. Same holds true with interest rates. Now put that in you 'random' pipe & take a big hit.
Many people cannot tolerate the feeling of uncertainty, and according to mounting evidence, this fear affects mood and health. Intolerance of uncertainty is linked with mental disorders such as anxiety and depression, researchers confirmed in a paper in the June 2013 issue of the Journal of Clinical Psychology; their results also revealed a strong link to panic disorder.
https://www.scientificamerican.com/article/how-to-cope-with-uncomfortable-uncertainty/
If you think the markets are purely random than explain why stocks with good earnings have price rising while those with deteriorating earnings are falling. Same holds true with interest rates. Now put that in you 'random' pipe & take a big hit.
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Thank you Amahrix, makes me wonder about comprehension abilities of many traders of which you speak of. Their motto appears to be: 'Pull trigger then think later'.