Two Men Enter... One Man Leaves!

[Port1385]

The bottom will be in once we see stuff like this...Fall of 2009 or Spring of 2010...

http://en.wikipedia.org/wiki/Executive_Order_6102

 

[El Guapo]

Ok Capt. Walker, prepare yourself for the Thunder Dome!
I'm Loading up on Pliers & Blow Torchs; its going to get midevil around here.

 

[Cutten]

Predictions are useful if they are right and you act on them.

 

[MandelbrotSet]

Quote from Cutten:

Predictions are useful if they are right and you act on them.

Good trading is fundamentally about risk.

Taking risk, managing risk, accepting risk so long as the probabilities of a trade are in your favor.

Predicitions are useless to one's long-term success when done in a vacuum which does not incorporate the probabilities of the prediction's success or the risk parameters of the trade.

 

[atticus]

Quote from Cutten:

Predictions are useful if they are right and you act on them.

Predictions are meaningless when nothing is on the line. How difficult is adding a price and time component? The ET public is so inured in pussydom that they will do anything to avoid being proven wrong by posting a bad call.

 

[BlindLemonBoosh]

I don't make predictions.
I trade.

Great thread premise though.

 

[marketsurfer]

you either trade to win or you trade to survive.

too many wannabes on elite trade to survive thus barely break even or slowly grind away AND this is they are HIGHLY SKILLED.

on the other hand, predictions with time/price are the bread and butter for those who trade to win.

with this said:



WFC <= 10/ September 11,2009

 

[atticus]

I'll add that the "ES Journal" is the only thread on this site in which the participants consistently stick their necks-out, as misguided as they often are.

 

[asap]

predictions are essentially cognitive exercises of wishful thinking. obviously futile effort. a good example of this behavior is what is referred as to trend trading, in which one produces evidence (trend lines, channels, moving averages, etc) of a trend and then proceeds to justify it as a positive expectancy bet just because of his/her flawed analysis.

 

[traderTX]

This thread is too hilarious not to chime in. I'm just a lowly daytrader over in the ag and SP futures, so what do I know? So I'll take a page from the "mass media CYA model" and say this:

I KNOW the market will go down, unless we rally, which is unexpected, but if it happens don't say I didn't warn you!