knowing when not to trade and how to read market conditions......which is the same thing.
price may be random but market conditions remain same for extended periods of time
waiting for the market to tell you the most probable trade and getting out at the right time.
it is necessary to be right twice-on entry and on exit
I believe you are right, when you say there is the right and wrong time to trade, but i do not believe the price is random.
Other wise how do we make money?