Quote from TraderZones:
boatload of non-sense for EMH? IF you ignore a boatload of evidence for EMH. emh has huge amounts of evidence, ignored by trader wanna-bes.
The general reality is, many try to trade, but their money goes to others, everyone is assuming you will be successful. Classic opinion base on fluffy opinions rather than evidence based.
Maybe you can further enlighten us as to what exactly is EMH.It has always puzzled me. For example,at spx 666 when there was panic,get me out at any price orders going through,..was that effecient? How about now,this manipulated rally, exactly how effecient is it now? How do several 100,000 traders all know what the EMH price should be right now.. and if they do why would they buy or sell it? (This is not a personal attack,btw)
You see,i actually agree with a lot of things you say,and dislike the liars and scammers too. It's just that i find your trust in the 'experts' kinda worrying.
As an 'expert' i can almost make anything a 'truth'- THE SKY IS NOT BLUE.. human eye sees it as blue but then,cats and dogs are colour blind,and if they could talk (and they were 'experts') they would disagree. So TA/FA....
Here's why most experts should be routinely ignored.They have a very loooong track record of being completely wrong about most things
An economist today,said in an interview,that he agreed that the UK was going through the worst recession in recorded history, but then said that,since the average bear market lasts 21 months,he expected signs of recovery early next year.
To me,that is a statement of staggering stupidity.
If this is the worst recession ever,why is he expecting a normal bear market? These guys can never say they honestly dont know.Because,let's face it,it is unknowable.
To express an opinion on something that is unknowable comes with the terratory for these guys,and is how you get funding.Meanwhile,in the real world,it is an act of stupidity-but i guess i am guilty as the next guy of having an opinion on most things,but then i'm not held up to be an 'expert'.
So excuse me if i don't take too much notice of any study made by these guys regarding TA- a bunch of guys who have never traded one thin dime in a market.
As for FA why would i trust a liar who hides his losses off a balance sheet unless i'm very good at reading between the lines?
I can trade without a chart..
The real issue here is, WHO REALLY MAKES THE REAL MONEY in these markets? who do you visualise these people to be? What would you expect their computor screens to be showing? What books would be on their shelf
Let's face it,almost nobody here has access to inside information.You wanna make money in the hardest game in town where almost everybody fails !? and what are you bringing to the table,, canned indicators with your own special blend of herbs and spices. Most of you guys have got to get real.
Not suggesting there is a secret to be discovered-canned indicators can work if you have very good money management.. i guess, like i said the future is unknowable.
All i'm saying is you need to think outside the box and ask a different set of questions beyond the conventional,to get a different answer that works for you.Trust me,in this regard,you will find 'experts' to be 100% useless on your journey-be they acknowleged or self appointed ones here.
If you find something really good you won't discuss it.Maybe hint at the sort of thing it involves.If you do you will get laughed at,ridiculed and there will be real hostility sometimes.Either one of 2 things.. your system is crap or you are really onto something-if you're making money only you will know.That's when you know for certain that most people are wrong most of the time in this game..but some of em can still make money anyhow..go figure
