To me, it's information, but to most people there's no information in it.
Not that it's worth arguing about. My point is that the noise thing has become conventional wisdom, but just because something is conventional that doesn't make it wise.
Is day trading worth it?
- Thread starter Laissez Faire
- Start date
To me, it's information, but to most people there's no information in it.
Not that it's worth arguing about. My point is that the noise thing has become conventional wisdom, but just because something is conventional that doesn't make it wise.
it's not information to you, what is occurring behind the curtain at the "atomic' level, your still drawing strait lines on 'macro' time frames. you are still trying to square the circle. does your schtick still work, i dunno, i'm not a devotee.
but to claim all signal and no noise in any system is against every engineering principle.
The market, though, is not about engineering; it's about behavior.
If it's noise to you, that's fine. Nothing to get angry about.
your strait lines are very mechanical.
and, i'm not angry
Let's say hostile, then. And straight lines are hardly mechanical if they track the balance between demand and supply, which changes tick by tick.
In any event, may you enjoy continued success.
algo's (mathematicians)are pushing every market toward randomness. god help us traders when that process is complete. it's as inevitable as AI is.
a truly random system is impossible to trade successfully. we are not there yet.
but the mantra 'the market will always be there', ie accessible to all???
Struck by your statement, thought it deserved its own thread:
http://www.elitetrader.com/et/index...toward-randomness-god-help-us-traders.291507/
Anyone who doesn't accept that there's an element of randomness or 'noise' in the market is quite ridiculous and stupid.
Only to the extent that traders trade randomly.
Let us know how that works out for you.
As for the "stoopid" part, learn how the market works, then get back to us.