No one on EliteTrader will beat the market… here is why

[eagle]

Nicolas Darvas had proved Livermore theory that once you found that "luck" combination, all you have to do is to adjust some variables and then your edge will resume working over and over again. Why? Because prices are driven by emotion and emotion is not random. You cannot switch between happy and angry in a very short time frame. When you're happy, you're happy for a while before switching to angry.

Quote from neutrino:

I claim that the success of other people and my own success in trading is a result of luck - being at the right time, at the right place, with the right strategy that fit well over the price up to this moment. I am trying to be critical of my performance just as if it were someone else's.

 

[saliva]

Quote from neutrino:

I claim that the success of other people and my own success in trading is a result of luck - being at the right time, at the right place, with the right strategy that fit well over the price up to this moment. I am trying to be critical of my performance just as if it were someone else's.

Nah, traders lose not because they don't possess luck, but due to a lack of knowledge of price behavior and, above all, a lack of discipline.

 

[stock_trad3r]

bfft

 

[trackstar]

If you cant make money with randomly generated data you will not make it in the market. With that said. The market is FAR from random so it makes it even easier.

 

[saliva]

Quote from eagle:

You cannot switch between happy and angry in a very short time frame. When you're happy, you're happy for a while before switching to angry.

Trust me, yes you can! Been there and done that many times, especially at the outset of my trading career.

 

[kiwi_trader]

Quote from eagle:

Nicolas Darvas had proved Livermore theory that once you found that "luck" combination, all you have to do is to adjust some variables and then your edge will resume working over and over again. Why? Because prices are driven by emotion and emotion is not random. You cannot switch between happy and angry in a very short time frame. When you're happy, you're happy for a while before switching to angry.

The OP sounds like a know-nothing student writing an assignment for his econ teacher. If he gets an A his teacher knows nothing too.

 

[cap'ncod]

Quote from mayo367:

What is apparent Neutrino is that you cannot read or understand price, when traders do not understand price, market movements appear to be random but they're not & no the market is not unpredictable as you say, there is an incredible degree of order. Send me a private message & I'll gladly show you examples that clearly disproves that markets are random in their movements or that the market is hard to beat.

And when traders say that the market cannot be beaten, it's typically said in response to appease their own incompetence or failure.

I believe i understand your message, if I can't beat the market, no one else can, right Neutrino?

You've gotta love these guys. As if the magic support/resistance levels are all you need. It's all 'price action', a screaming truism if ever there was one. Prices bounce around alot based on players selling or buying what they think is value. Occasionally the price breaks into new territory and has to establish a new range: if you can catch this extraordinary event you can profit from uncertainty but you have to be damn fast and getting faster.

 

[MrBerka]

Alright, this is my first post at this forum.

If you want to beat the market you got to have an edge. If you don’t have an edge you will lose money in the long run. Reading books on technical analysis, using brand new technical software or looking at the stars doesn’t give you an edge since it is there for everyone. If several years pass by and you don’t find an edge you will “realize” that the markets are unbeatable and give up.

 

[Now is Now]

Quote from MrBerka:

Alright, this is my first post at this forum.

If you want to beat the market you got to have an edge. If you don’t have an edge you will lose money in the long run. Reading books on technical analysis, using brand new technical software or looking at the stars doesn’t give you an edge since it is there for everyone. If several years pass by and you don’t find an edge you will “realize” that the markets are unbeatable and give up.

Well done Mr Berka...that is also your last post, isn't it

 

[fearless9]

Quote from cap'ncod:

Occasionally the price breaks into new territory and has to establish a new range: if you can catch this extraordinary event you can profit from uncertainty but you have to be damn fast and getting faster.

No, not at all.

Your limit stop is positioned ahead of where the price might go.
If the lead-up is not to your taste, just pull the stop and start again.

regards
f9