Thats a very glib response.
Trend Following for Idiots (Order Restored)
- Thread starter steve46
- Start date
Thats a very glib response.
Sorry, but yours was a very glib analogy.
Feasting off the spoils of your ill-gotten gains, eh Steve?
Perhaps you should take the show on the road!!
the anecdotal evidence has arrived. thanks!
soon expect to see 'appeals to authority", "name calling", "generalities", bandwagon, and especially the "plain folks" in droves--- from: <i>the fine art of propaganda</i>
may i suggest robert park's book <i>voodoo science, from foolishness to fraud</i> for those who want a deeper understanding regarding exactly what's going on here.
carry on,
surf
soon expect to see 'appeals to authority", "name calling", "generalities", bandwagon, and especially the "plain folks" in droves--- from: <i>the fine art of propaganda</i>
may i suggest robert park's book <i>voodoo science, from foolishness to fraud</i> for those who want a deeper understanding regarding exactly what's going on here.
carry on,
surf
Glib, how? In what way was I glib?
Your trifling logic never ceases to amaze.
Just a suggestion:
There are obviously two âcampsâ of people, those who believe (I use this term loosely) and those who disbelieve in trends. Weâve all established that this difference exists, no need to deviate from the subject by persistently posting repetitive anti- or pro-trend arguments. Better yet, learn to agree to disagree and let Steve46 and ProfLogic (on his thread) continue whatever they sought out to do without the constant divergences.
There are obviously two âcampsâ of people, those who believe (I use this term loosely) and those who disbelieve in trends. Weâve all established that this difference exists, no need to deviate from the subject by persistently posting repetitive anti- or pro-trend arguments. Better yet, learn to agree to disagree and let Steve46 and ProfLogic (on his thread) continue whatever they sought out to do without the constant divergences.
If you don't see how your Kim Jong-Il analogy was entirely misguided (and glib) in the context of this debate, then this exchange requires far more of an investment in time than I am capable of providing. However, I do wish you much trading success where price does not trend in your favor (since, reportedly, trends don't exist). Good luck with that.
i just want to clarify my views on this topic. i am not saying, nor have i ever stated that one doesn't make money directionally trading by holding during a period of consistently higher or lower prices. of course this is how money is made, when trading directionally.
however, one can not determine with any odds greater than 50/50 just when to to enter a trade based on looking at past chart trends. therefore, knowing the supposed trend provides the trader no edge regardless of what is said. this isnt even mentioning the statistical studies ( flawed studies say the followers) that clearly indicate no edge or even a negative edge at times.
if i flip a coin 10 times and get 10 heads, am i in a "heads trend"?
regards,
surf
however, one can not determine with any odds greater than 50/50 just when to to enter a trade based on looking at past chart trends. therefore, knowing the supposed trend provides the trader no edge regardless of what is said. this isnt even mentioning the statistical studies ( flawed studies say the followers) that clearly indicate no edge or even a negative edge at times.
if i flip a coin 10 times and get 10 heads, am i in a "heads trend"?
regards,
surf