No! absolutely not - not if you have an edge...when I enter the market because my edge has developed-I am doing so because on a large sample x % of occasions in the past to that point in time ...price did y - that is all I know...I make no prediction. This is an important, some way would say critical distinction...I trade an edge and it has nothing to do with prediction...I have no idea on what occasions my edge develops that a successful outcome will result....therefore I cannot predict it....I just play the edge. This distinction may be just semantics to some - but I believe it is more than that - it is an important distinction in mindset.
Disliked{quote} Yes, precisely. When one buys/sells they are directly making the prediction that price will move in their direction. This is a simple fact to me. Some do not like this term I guess, and I have read many say "you don't have to predict, just follow" or "you don't have to predict" which is just simply wrong. One has to have an edge whether that be information, stats, knowledge, intuition, some skill they have that helps them determine this. If markets were truly random or 100% efficient it would be a waste of time and dare I say......Ignored
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