Quote from Scientist:
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I had a great discussion on this with marketsurfer. I see trading like a game of chess, thinking through as many likely future moves as possible within a limited timeframe. Then, estimate the most likely / most beneficial moves and defend / attack accordingly. This is very rebellious, because it's so contrary to the way most traders look at it; Namely to trade the present based on what happened in the past, so a "before and now attitude". I consider this attitude as obsolete. I look at the "now and soon" instead, and don't even worry about the past, except for certain S/R levels etc which are clearly there for obvious reasons. I want to think through the future moves my opponents are going to make, and hedge and act myself accordingly.
While this thinking approach is perfectly logical in Chess, Go, or martial arts, I wonder why it's so uncommon in trading?
I don't know why, but I know there's a great quote reflecting just this exact point, said by no other than George Soros himself:
Trading is like playing Chess with God.
