Why your broker is your friend and your enemy 4 replies
Why don't traders admit that they are not profitable in trading? 12 replies
Cutting your risk, letting your profits run 7 replies
Luck be a lady ... Your unlucky trades 18 replies
DislikedUncertainty, and therefore "luck", is demonstrable at the most fundamental levels of existence. Without it we loose free will, a tennet which is required for any functioning society, I'm sure you'll agree. The crux of this argument is that some people refuse to accept that they are not completely in control; Nobody llikes a control freak do they?Ignored
Disliked...are left up to an outside force.
Statistically speaking those events have the same probabilities for you as they do for me.Ignored
DislikedI would like to suggest that you stay out of retirerment. It's nice to read the comments of someone who is clearly sane. (Even if i don't agree with them entirely)
Did't Hanover try to retire once aswell? I guess this place is like Royston Vasey; You'll never leave!Ignored
DislikedFurther to my last post. I'd like some existential nihilism. Where can I buy some?
(note: Just because you can't buy it doesn't mean it doesn't exist)Ignored
DislikedHe didn't say it could be quantified. He said it was demonstrable.
Besides, are all things that can't be quantified necessarily non-existent? Do emotions exist? Does beauty exist? Do ideas exist? Of course they do. The mere fact they are intangible doesn't automatically render them non-existent.Ignored
Dislikedluck and chance are what people use to explain events that they either do not understand or do not have enough data to make an informed conlcusion.
Therefore luck and chance don't exist?! Codswallop. I understand the toss of a coin. I have enough data to draw an informed conclusion, i.e. the coin will land heads or it will land tails. I'm even aware the probability of it landing on one side versus the other are very close to 50/50. But despite all that, it's impossible for me to determine with 100% certainty on which side the coin will land. Whatever you want to call it, fate, luck, faeries, Black Swan, the phenomenon is observable, demonstrable and definitely exists.
emotions are quantifiable (not mathematically of course) in how they are expressed - there is a difference between anger and apathy for example
beauty is quantifiable to the individual because he can use the language of color, texture, sound, size, proportion, etc to describe the beauty that he sees
ideas are quantifiable because we have language, words and vocabulary
How else can something be quantified if not with math?? In the examples above you're confusing quantitative with qualitative. Irrespective of that, a thing isn't nonexistent just because it can't be measured, counted or calculated.
probability is quatifiable because we have math
luck and chance are the 'miracles' of those who do not notice that all things that happen are preceded by a cause. If price goes that way and I entered the other way then it is because the majority knew something that I did not know or pay attention to.
these are just my random thotsIgnored
DislikedThe best we can do is use sound MM to mitigate the effects of shitty luck.
Ignored
DislikedPlease let me clarify. Luck in the superstitious sense does not exist. No right thinking individual believes it does. However there is an element of random chance in everything. This is what I was refering to when using the term "luck".Ignored
Disliked....or mitigate the effects of our poor analysis would probably be more accurate!Ignored
DislikedAre you saying that it is possible to analyse something with 100% accuracy? That no outside events can trump your analysis and overturn what you expect?
In forex, I think that the players and information are so far removed from our grasp, that our vision is murky at best. Not to mention, we are looking for changes at the subpenny level (unless you are a swing trader.) And did I mention that forex is probably the most efficient market in the world? Or that the variety of players that move these markets are carrying out unique agendas, and that we don't know who is doing what when (all we see is the end result.)
Sorry lostinspace, I am being the pointy haired one now....Ignored
DislikedFor cryin' out loud. lost, are you claiming randomness and chance don't exist? No hocus-pocus. Nothing mystical or weird or other-worldly. Shit just happens.Ignored
DislikedI'm a bit curious to how you do your analysis. Is it based on fundamentals, technical analysis, or both? (let's not rule out astrology )Ignored
DislikedWell, some people will call randomness and chance luck.... apparently others won't
I'm a bit curious to how you do your analysis. Is it based on fundamentals, technical analysis, or both? (let's not rule out astrology )Ignored