I would disagree. The market is not fickle. It is doing exactly what it was designed to do. That is, the market is there to facilitate, buying and selling. Imagine if you were going to sell your house. You could list it with a broker where many interested folks in buying or selling could see what you have (of course you would pay a fee if it sold) OR you could divide your town and the nearby hamlets into neighborhoods and go from street to street knocking on every door asking them if the would like to buy your house.I wish we could create the realityMarket is always fickle. Just 1 bad trade will wipe out all gains.
The market is not fickle nor uncertain. What is uncertain is our understanding of what it will do next. Just like you would be uncertain whom is going to buy your house that is listed with a real estate broker. What is uncertain is our navigating the markets and the possibilities and probabilities. I often say the market is uncertain. But it isn’t, not really. It is us, we who are uncertain. To us trading is like navigating the Mississippi river on a boat pushing tons of heating oil up north to keep the northerners from freezing in the winter and doing so on a foggy day making all the twists and turns of the river, avoiding other river traffic…sand bars…etc and all the while eating chocolate and drinking coffee. Thank goodness for radar, navigational and other communicational systems on the boat. I actually did this i.e. involved in running heating oil up north on the MS and Ohio rivers. Way back in my younger days….man I wish I was young again. I do not like navigating the fog of old age. I have not managed to do it gracefully.
THERE IS NO NOISE IN THE MARKETS. They are doing exactly what they were designed to do. Facilitate buying and selling to prospective buyers and sellers. What goes down or happens IS the reality. No noise about it. It IS what is happening. What a trader believes about noise in the market will affect how he approaches trading that market. I for one, believe if the market moves 1 tick an institution was behind that move. It simply cannot move on our potato chip money. Therefore, I believe “noise” is a myth created by gurus and traders to somehow account for our failures in trading. What a trader believes about randomness will affect how he trades. I think it was W.D. Gann that said; “The tape is the ONLY truth in the markets”
As far as one trade wiping out all the previous profits….well that happened because the trader LET it happen. We do in fact create our own reality in the markets.
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