Mathematics skills for discretionary trading.

Jack is brain dead. If he'd quit watching his mystical carnals and 'gausians' [sic] and sync and volume ad nauseam, and tune to the REAL channel (oil), he'd see what's going on TODAY. It's all about TODAY. Tomorrow, who knows, maybe voodoo will work again.
 
Quote from HectorG:

Pomposity is usually a sign of defeat.

It's amazing how some losers try so hard to sound smarter than they really are.

They sound like they are quite lonely and have no friends, too.

LOL. Pomposity is a nice way to really rub it into the losers. I know I'd like to thank the housing is crashing nuts out there for making me laugh over the past year.
 
Are you serious? Game theory is pretty much useless. Tell me exactly how you apply this to trading in concrete terms?

Quote from Riskmanager:

Definitely a basic understanding of game theory.

When you're dealing with a single chart in a single time frame, technical analysis is enough. But if you're also watching the technical patterns in the time frames above your trading frame, understanding the strategic interdependencies can be the decisive factor for determining the probabilities of a collective behaviour pattern taking place.

Some key words to google for: "dominant strategy", "band wagon effect", "brinkmanship", "prisoner's dilemma", "evolutionary game theory", "lotka / volterra theorem", "tit for tat".
 
Hello:

I have been thinking about this subject a bit. Seems obvious to me that for the retail intraday trader, what is almost always missing is the ability to research and analyze intraday price action. They almost always lack skills with Excel for instance and most do not have an adequate understanding of basic parametric statistics. Seems to me, that retail traders need these skills at a minimum.

Good luck,
Lefty
 
Ideally you would need to know calculus, stochastic processes, statistics, probability, algorithm design, programming, a few six packs of guiness extra stout and a girl(or guy i guess!!) who knows how to take your mind all of this crap when needed. :D :D


Quote from Lefty62151:

Hello:

I have been thinking about this subject a bit. Seems obvious to me that for the retail intraday trader, what is almost always missing is the ability to research and analyze intraday price action. They almost always lack skills with Excel for instance and most do not have an adequate understanding of basic parametric statistics. Seems to me, that retail traders need these skills at a minimum.

Good luck,
Lefty
 
Quote from gotmessner:

Hey,


I'd like to know your thoughts in regards to the maths skills in trading.

For example, there are a number of books by companies such as 'Schaums' which are on subjects such as Calculus, statistics etc.

I was wondering, which maths-subjects are most useful for trading?

Thanks.
Why would discretionary traders need math skills? I thought you guys did it by magic or psychic powers or something. :D :D

Mechanical traders, on the other hand ... :cool:
 
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