We should all be continually learning Mickey, we're either going forward or we're going backwards.
can price action predict market moves
- Thread starter geth03
- Start date
Ya but learning exposes our ignorance.
We start off feeling invincible and end up feeling fragile, minnows in a Amazon swamp of piranhas.
Well BF Skinner an American Psychologist, shortly before his death from Leukemia said ″I will be dead in a few months,″ Skinner said with a laugh. ″But it hasn’t given me the slightest anxiety or worry or anything; I always knew I was going to die.″
Ever since August 18, 1990 he now knows whether he was right or wrong.
He also believed “free will” was an illusion. He believed we can’t make decisions. Events make decisions for us.
So.......do we make decisions about the market or do the markets make decisions for us?
As concerns trading, I always knew I could win. But I always knew I could lose.
As concerns the slightest anxiety or worry in trading........winning/losing .....well ....well...not easy....not easy.....
Well as long as you “know” you are a minnow and can go to and hide, in places piranhas can’t.........
Skinner proved that an organism learns to react to stimuli given a reasonable expectation of reward. We trading organisms react to a setup with a positive expectancy similarly....Look an H2
Onlyst thing is if we believe the market to be totally random we can have no positive expectancy...Skinner proved that an organism learns to react to stimuli given a reasonable expectation of reward. We trading organisms react to a setup with a positive expectancy similarly....Look an H2
For totally randomizer traders trading is an endless pit they are chunking their change at with no expectation of winning or losing ....they can never have an edge....as there is no edge....
One trader on ET says the only edge is PRM. If that is so, then the solution is simple. Don’t trade! No trade. No risk to manage.
One trader on ET says the only edge is PRM. If that is so, then the solution is simple. Don’t trade! No trade. No risk to manage.
But is it Schrödinger's cat?
