The reasoning behind the Title:
In the world, in many things like science, economics and even trading, there are two main schools of thought.
There are the ones who believe that everything is random, and just a matter of chance... and odds.
And the ones who believe that if we could have ALL the information available about one thing, we would be able to predict accuratly its future.
The fact that we aren't able to have that information at a certain point in time, does not mean that things are random, its just means that we are ignorant of the initial conditions.
The title comes from A. Einstein, as he believes in the second theory.
His reasoning is... If a God created a Universe he would not want it to be out of his control and doomed to randomness with an unknown destiny even for him.
He would create it in a way that would be beautiful and full of mistery, but only for us..., as he would probably know that many of us would call it random since we are clueless.
If you think about it the ones that didn't take everything as random, are exactly the ones that helped to evolve the World, discovering laws that are already here.
The connection of this with trading is that, many people believe that sometimes they are just perfect, but the "odds" ruin the result.
I don't believe that. I believe that if someone lost, he lost because the information available or his analysis was not complete.
Information Increase is completly proportional with Prediction Accuracy. Not only in trading, but in everything in life.
Here is an example...
If someone wanted to bet all of his money on a sucess of a relationship of an unknown couple, during the next 5 years. How would you do it? What would be more accurate?
Would you get divorce statistics and bet on the "odds"? Or would you get to know them and the people and environment around them, how they talk, their wages, how tiring and repetitive is their daily rotine, how many times they travel or go out to relax. Are there is any "competition" around interested in one of them?
Someone one might say, but what if they hide well their feelings?
I say, imagine that you would be able to get physical information like body temperature, brain scan and stuff like that, when the two are near each other.
Well, thats difficult but its possible. The fact that you don't have that kind of technology in your possession, does not mean the outcome is random, it just mean that you ignore the initial causes that will lead to a consequence in the future.
The same might be said with a coin throw... If you were able to quantify all of the information about the speed, rotation, laws of physics implied, you would be able to predict the result. The others would think its chance, you would be in a different position.
Anyway... this is my philosophy. Try to antecipate whats coming, and you will jump every rock in the way.
My Trading:
I use a Weekly Chart and enter and exit purely at discretion, with additional information that i may or may not disclose if i don't have the time to do it.
On weekends i will probably only make a written description of what i'm seeing, and then i may add charts later.
Since, i only enter or exit in the beggining of the week, and considering this time frame, the trades can last a long time.
Good opportunities might take sometime to appear also.
Over time, we will see a positive pip count. Count on it.
In the world, in many things like science, economics and even trading, there are two main schools of thought.
There are the ones who believe that everything is random, and just a matter of chance... and odds.
And the ones who believe that if we could have ALL the information available about one thing, we would be able to predict accuratly its future.
The fact that we aren't able to have that information at a certain point in time, does not mean that things are random, its just means that we are ignorant of the initial conditions.
The title comes from A. Einstein, as he believes in the second theory.
His reasoning is... If a God created a Universe he would not want it to be out of his control and doomed to randomness with an unknown destiny even for him.
He would create it in a way that would be beautiful and full of mistery, but only for us..., as he would probably know that many of us would call it random since we are clueless.
If you think about it the ones that didn't take everything as random, are exactly the ones that helped to evolve the World, discovering laws that are already here.
The connection of this with trading is that, many people believe that sometimes they are just perfect, but the "odds" ruin the result.
I don't believe that. I believe that if someone lost, he lost because the information available or his analysis was not complete.
Information Increase is completly proportional with Prediction Accuracy. Not only in trading, but in everything in life.
Here is an example...
If someone wanted to bet all of his money on a sucess of a relationship of an unknown couple, during the next 5 years. How would you do it? What would be more accurate?
Would you get divorce statistics and bet on the "odds"? Or would you get to know them and the people and environment around them, how they talk, their wages, how tiring and repetitive is their daily rotine, how many times they travel or go out to relax. Are there is any "competition" around interested in one of them?
Someone one might say, but what if they hide well their feelings?
I say, imagine that you would be able to get physical information like body temperature, brain scan and stuff like that, when the two are near each other.
Well, thats difficult but its possible. The fact that you don't have that kind of technology in your possession, does not mean the outcome is random, it just mean that you ignore the initial causes that will lead to a consequence in the future.
The same might be said with a coin throw... If you were able to quantify all of the information about the speed, rotation, laws of physics implied, you would be able to predict the result. The others would think its chance, you would be in a different position.
Anyway... this is my philosophy. Try to antecipate whats coming, and you will jump every rock in the way.
My Trading:
I use a Weekly Chart and enter and exit purely at discretion, with additional information that i may or may not disclose if i don't have the time to do it.
On weekends i will probably only make a written description of what i'm seeing, and then i may add charts later.
Since, i only enter or exit in the beggining of the week, and considering this time frame, the trades can last a long time.
Good opportunities might take sometime to appear also.
Over time, we will see a positive pip count. Count on it.
