A Random Rant on the Random Walk Theory

We've just published a new T2W article called "A Random Rant on the Random Walk Theory" by Scott Percival.

Quick Summary: When discussing market analysis, we generally consider Fundamental Analysis and Technical Analysis. However, in the early 1970's, there emerged a third view known as the "Random Walk Theory".

PS. Don't forget to rate the article after you've read it and share your comments on this thread.

The author writes that proponents of Efficient Market Hypothesis contend that "The first is that they have tested many TA indicators and have not found any that are able to lift returns significantly enough to overcome transaction and slippage costs." I'm in that group. I haven't done a scientific journal study, but I've invested 5 years of my life looking for the Holy Grail of Investing. If I had invested those hours in something more productive I would be much wealthier today.

Keep telling yourself that someday you'll find the grail if that makes you happy. Keep telling others that you're a successful trader and that they're not because they don't have "faith". Don't bother telling me because I'm not listening anymore. Life's too short. Buy and hold is more profitable than trading over time on average. Random Walk Theory is true.

Steve

thank you