If market is forward looking, why does it ever go down?

[systematictrader]

Deal, Loser gets the first hookers!!

I'm not great, but just my mates are all stupid!

I put money on the loser

 

[systematictrader]

You know what is different about chess and market, and what is common.
Common you have to use your brain otherwise you lose.
Difference you don’t make money playing chess, unless you are Fisher.
Hope you guys know who he is.

He made money behind the iron curtain and got arrested for it

 

[vanzandt]

u can still use it to your advantage more than them with the freedom you got as an individual investor

And therein lies the psychological edge. Streetsmarts... with a lower-case "s".

 

[systematictrader]

And therein lies the psychological edge. Streetsmarts... with a lower-case "s".

I hope this is a compliment

 

[vanzandt]

I hope this is a compliment

It was.
One can analyze companies all day long and that will forever pay off in the long run.... but for day/swing trading, ya gotta be able to smell bullshit and understand the power of group-think as it applies to herd mentality. Like I always say:

I've said this for years:

"Markets have always been geared to make the most amount of people lose the most amount of money in the shortest amount of time."

Write that down.

 

[systematictrader]

It was.
One can analyze companies all day long and that will forever pay off in the long run.... but for day/swing trading, ya gotta be able to smell bullshit and understand the power of group-think as it applies to herd mentality. Like I always say:

True that
William Eckhardt says that also