"The market is always wrong"

Quote from OddTrader:

"the market can stay irrational longer, then you can stay solvent."

I like that!


then/than.......take your pick. lol (writing is not my strong point).

i also like the, *market is not right or wrong, it just is* which is just as good.


here is a little market vision test for you....especially you smart-alec types....

read aloud the following numbers:

27 28 29




did you say, twenty seven - twenty eight - twenty nine? if so, congrarts! you have market vision!



now for the hardest part....look again at the numbers and say out loud which is the lowest?, the highesrt, and which one is in between.

If you did it correctly, without any hesitation, then congrats again!



you may be laughing at me, but what i just illustrated is that it really is just that simple, but most people will try to complicate it with their baggage.
 
The market is always right and fairly valued at the time. At every moment there is a last trade which a buyer and seller agreed to so that is the fair market at that point in time. We as traders make a decision based on past trades as to which way the market is going to go next and where the "new" fair value will be in the future.
 
always wrong . .. always . .. very good point!

and i'm always right

the paradox i can't seem to get around is: why am i losing money all the time? i mean if i'm always right?

strange, very strange ...

but, in any event, the market is always wrong, absolutely!
 
Quote from Ms Varima-Garch:


the paradox i can't seem to get around is: why am i losing money all the time? i mean if i'm always right?


Because you are right at the wrong time.
 
Quote from Cutten:

A lot of market commentators like to say "The market is always right". Which famous trader said the opposite?



Soros. He try to see ahead why the market trend will change in time.
 
Stock trader? :D

Quote from Cutten:

A lot of market commentators like to say "The market is always right". Which famous trader said the opposite?
 
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