Can price predict it's own future?

rb7 said:
How come so many 'profitable' traders here trade so small position?
Do they spend all theirs small profits as soon as they close a profitable position?
I mean, if you make money, at one point, your position will increase!
Seems that it's not the case as many trade a couple of micros at a time....
And the only reason trading micros over minis is the lack of AUM.

I don't know. Maybe it's just me...;)
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Just so we are all aware:

- I am not a profitable trader, I am breaking almost even after 3 years. We could say that I am recovering loses from the first 2 years, but still don't consider myself a profitable trader.
- I trade micros because I don't have enough to trade minis. I have only 150K in my account and I want to have enough in case there is a big move against me.

I did not get your point entirely but there it goes mine
 
Nonsense. Nothing whatsoever gives you a hint from this price action alone whether 13200 levels are in any way significant AGAIN or not. We can all agree that that particular level becomes utterly insignificant at some point in time. The big question is when. Nothing whatsoever in shown price action gives away whether prices will be pulled to 13200 again or whether its down from here. Lines of thinking along your rational is why 95% of retailers lose over time. They are clinging onto false beliefs based on wiggly lines and drawings on charts. And this mantra is reemphasized by brokers and middle men who all profit from such false set of beliefs.

mikeriley said:
13200 has been the MAGNET level the past 2 weeks!
It should therefore get very close or cross over.
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Well, to be accurate your opportunity cost are immense. You could have generated positive returns in those three years for goods and services produced during the time you instead allocated to your trading endeavor. This applies to everyone and should not be a cost to ignore.

Drawdown Addict said:
Just so we are all aware:

- I am not a profitable trader, I am breaking almost even after 3 years. We could say that I am recovering loses from the first 2 years, but still don't consider myself a profitable trader.
- I trade micros because I don't have enough to trade minis. I have only 150K in my account and I want to have enough in case there is a big move against me.

I did not get your point entirely but there it goes mine
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De Branges's theorem, also known as the Bieberbach conjecture, is a major result in the field of complex analysis, proved by Louis de Branges in 1984. The theorem concerns schlicht functions, which are holomorphic and injective (one-to-one) functions, and their Taylor series coefficients.

The Bieberbach conjecture, posed by Ludwig Bieberbach in 1916, stated that if a function $f(z)$ is schlicht (univalent) and normalized in the unit disk (i.e., $f(0) = 0$ and $f'(0) = 1$), then the coefficients of its Taylor series expansion around the origin satisfy the inequality:

∣an∣≤n∣an∣≤n
for all $n \ge 2$. Here, $a_n$ are the coefficients of the Taylor series expansion of $f(z)$, given by:

f(z)=z+a2z2+a3z3+⋯f(z)=z+a2z2+a3z3+⋯
De Branges's theorem provided a proof of this conjecture. His proof employed methods from functional analysis and used the theory of Hilbert spaces of entire functions, a topic in which de Branges had made significant contributions.

The theorem has far-reaching consequences in geometric function theory and complex analysis, as it provides a deep insight into the behavior of.... a bunch of apes on this forum
 
M.W. said:
Well, to be accurate your opportunity cost are immense. You could have generated positive returns in those three years for goods and services produced during the time you instead allocated to your trading endeavor. This applies to everyone and should not be a cost to ignore.
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The cost of learning a skill that I have no clue about
 
Nonsense. Nothing whatsoever gives you a hint from this price action alone whether 13200 levels are in any way significant AGAIN or not. We can all agree that that particular level becomes utterly insignificant at some point in time. The big question is when. Nothing whatsoever in shown price action gives away whether prices will be pulled to 13200 again or whether its down from here. Lines of thinking along your rational is why 95% of retailers lose over time. They are clinging onto false beliefs based on wiggly lines and drawings on charts. And this mantra is reemphasized by brokers and middle men who all profit from such false set of beliefs.
More...

MW, that was such a long assessment to indicate I know something that you don't know...LOL:cool:
 
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Drawdown Addict said:
- I trade micros because I don't have enough to trade minis. I have only 150K in my account and I want to have enough in case there is a big move against me.
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Suggest that is "wrong think". ANY AND ALL moves against you should be risk and capital limited. If the market is going to take your money, it should be like being "nibbled to death by ducks"....
 
M.W. said:
Nonsense. Nothing whatsoever gives you a hint from this price action alone whether 13200 levels are in any way significant AGAIN or not. We can all agree that that particular level becomes utterly insignificant at some point in time. The big question is when. Nothing whatsoever in shown price action gives away whether prices will be pulled to 13200 again or whether its down from here. Lines of thinking along your rational is why 95% of retailers lose over time. They are clinging onto false beliefs based on wiggly lines and drawings on charts. And this mantra is reemphasized by brokers and middle men who all profit from such false set of beliefs.
More...

What if the line isn't wiggly?
 
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