Outpacing the market
- Thread starter duard
- Start date
"Mandelbrot studied the clumping of 3 sigma and greater events and their implications in natural systems. He then found the same phenom in the markets. Lastly he was unable to ascertain direction but could forecast volatility."
which is part of the reason why people can use TA effectively.
TA is not about saying "i know what the market will do"
it's about being able to enter longs and shorts that offer compelling risk/reward and that ability comes, in large part, from understanding the cyclical nature of volatility.
which is part of the reason why people can use TA effectively.
TA is not about saying "i know what the market will do"
it's about being able to enter longs and shorts that offer compelling risk/reward and that ability comes, in large part, from understanding the cyclical nature of volatility.
Mandelbrot loved today's volatility. Proves his point.
My point was proven insofar as I made money which if you're a trader is the point.
Gonna let this thread rest for awhile. Initially we had some good input re: AAPL and of course Whitser
. Portfolio is up substantially and those who followed did well I believe and will continue to do so, I'll repost in Fall.Good luck everyone, and keep yer wits about ya.