What Marketsurfer Believes

[marketsurfer]

Read your post about not watching the markets and getting alerts. I'm saying alerts are superfluous.

True. Unless you "want" to know.

 

[marketsurfer]

I believe I'm feeling ill from this bumpy flight ----Posting from 38k ft -- while checking for gremlins on the wing ala twilight zone

 

[xioxxio]

Can Jack Hershey help you? We all know he needs help...

Jack Hershey passed away, please be respectful!

 

[marketsurfer]

Jack Hershey passed away, please be respectful!

Whoa, im sorry to hear this. Peace RIP.

 

[justrading]

You don't think the adaptive market hypothesis inherently sets out to disprove the notion that markets are random? Wow!

Incidentally, Buffett challenged the Random Walk claim about 30 years ago and until now neither Malkiel nor any scholar has responded. He offered his own performance as proof. He also disputes the efficient market hypothesis afaik.

 

[justrading]

True. Unless you "want" to know.

Yeah the IB email lets you know immediately.

 

[justrading]

I believe I'm feeling ill from this bumpy flight ----Posting from 38k ft -- while checking for gremlins on the wing ala twilight zone

View attachment 150965

He moved to the engine.

 

[justrading]

More from Lo.

http://www.amazon.com/Non-Random-Wa...1&keywords=a+non+random+walk+down+wall+street

 

[taowave]

Surf,I probably come close to residing in your camp when it comes to pure TA,but do you think the concepts of trend following,buying pull backs and mean reversion are all for naught?

Your argument may hold water on entries,but does not on exits.

 

[artemstreb]

In an effort to correct the general confusion about Marketsurfer's trading, market and life philosophy, I thought it a wise move to clarify on this thread. This is not a static list and it will be updated and even changed completely over time.


1. Successful trading takes far more than studying past price, price, volume or any derivative related to past price for the retail trader.

+1

2. The past does not repeat but it can rhyme with the future but not in a predictive or consistently profitable manner.

-1

3. Luck is a tremendously powerful force that can be used for both success and failure in the stock market

+1

4. Embrace randomness in life. it is a sure way to find success

+1

5. Price charts are extremely deceptive and should only be used for descriptive or illustrative purposes-- for this they are perfect.

-1

6. Beware of Technical analysis. It is very seductive due to the way we are wired. It is only effective for describing what has happened or explaining concepts to investors who prefer pictures.

+1

7. Look for causes, not effects when attempting to make trading decisions.

+1

8. Price is the effect, not the cause of every move therefore "price action" and other price based methods are fatally flawed from the start.

-1

9. Beware of anyone who says the same method has been profitable for a number of market cycles, who uses scientific words without support, who makes claims based on fatally flawed premises.

+1

10. Trade what you think based on research into cause, not what you see as the market is designed to deceive.

+1

To be continued.....

surf[/QUOTE]
to be profitable, or not. that is the question