So i'm a college student doing my thesis on a comprehensive day trading plan and strategy and found this forum looking for research. I stumbled upon this thread last night and originally thought it was a foolish game of philosophical cat and mouse stated by either a homeless nut case or a way too old matrix fan who lives in his moms basement ( no offense NYSE). But for some unexplainable reason i kept reading, so much in fact that i stayed up all night and stoped my research to read through the entire thing. As I began to wrap my head around it I slowly gained respect for what was being done here and now after pondering this all night long and thinking about it today during the holiday festivities (ha)I feel this is the most "valuable"collection of trading ideas I have ever seen.
I certainly see the skepticism of NYSE's statements and purpose, but at a most basically level even if this is a wild goose chase, which for the record I personally do not, I feel the value of this as mental exercise alone is great and I am very grateful for the intellectual transaction spawned from NYSE and members. Although statistically speaking however, if most traders fail, and most traders follow techniques denounced by NYSE, then he is "right" however one chooses to quantify that.
Ok now that I'm done with the ass kissing I'm going to try and win the golden ticket..
- You were more serious than you came off when alluding to the notion of automating an opposite trade order when a order is placed
- Since most traders fail then the "idea" of trading is a failed idea, granted there are infinite variations of strategies in which some trend towards the anomaly of success, the general parameters of trading (historical price movements) is a failed system.
- Here's the kicker, maybe, you said most of the time buy low sell high, which could be interpreted as if prices are low people are selling and if prices are high people are buying, meaning buy when people sell and sell when people buy. Would you dare insinuate that the holiest of holies is to always do the opposite of the market? Now that's just to obvious!
