Quote from inandlong:
I don't. But most of the time I indulge you. Why do you?
Oh, really?
A couple of days ago, Ditch, on the Short Time Frames Losing Their Edges thread, said that "economic theory is completely useless in understanding market action. markets are ruled by FEAR and GREED, not 'sophisticated computers' and it will be that way until the human brain doesn't longer exist as we know it".
I responded by saying that "I'll go with Ditch as well. An edge need not be just a 'statistical inefficiency' in the market; it can also be something that enables one to take advantage of the psychological weaknesses in other traders."
Iceman commented "db...
great definition... ought to be in every trading glossary"
You, for some reason, couldn't stand this, so you piped in with "Oh please... don't fool yourself here. This is nothing but mental masturbation.
What do you have, little plastic green army men pointing at the screen and each time a trade goes a tick in your favor you go 'pow pow, got ya!'
As if....."
To which Iceman responded "you seem pretty sure of your comments... but don't explain why?
Or do you think it is your feudal relationship with db?"
Your reply was "I appreciate your question ice. Try disagreeing with db and see what you get. Do it elsewhere, not here, on another thread, and give it some time, after he has forgotten your compliment. You'll see what I mean. You'll see the arrogance and the defensiveness, the caustic attitude. I cannot stand bs iceman, nor lies, nor misquotes, nor twisting others' words, all of which I have seen db do.
While I don't explain why, as you say, are you also questioning db that he doesn't explain how? The answer is no, or it would seem to be no because you agreed with his statement to such an extreme, although he offers nothing more than rhetoric, that you claim his statement should be in the glossary... etc.
I disagree. And I said so... using the same degree of enthusiasm as you did.
However, maybe you can provide an example of how you take advantage of the psychological weaknesses of other traders... I mean since you agree so enthusiastically, maybe you know exactly what db is talking about. Maybe not. Just asking! Or PM me, I would love to read how this works. And I promise I won't use it."
All of this is an appropriate response to my comment that an edge can be something that enables one to take advantage of psychological weakness in other traders? If you truly believe so, you need to talk to somebody.
--Db