You fool yourselves into believing you know with a credible probability what is 'most likely' to happen next. Out of the Universe of possible 'what nexts' you consider a handful at most and then fit what does happen to one of these, though the fit is never that good, for obvious reasons.
postman - yeah, I think I've seen you in my street.Is it really 'A universe of possibles' there are boundaries limited by probability, and this is a game of probabilities not certainties.
I mean its not actually possible for the Dow to close at 100,000 tomorrow so we can at least agree the possibilities are 'limited' its just a question of how limited. 6 possible outcomes might cover >1 standard deviation which is a 67% probability. I like those odds.
postman - yeah, I think I've seen you in my street.
You're into shorts this time of year, no?
Let me know when you've finished your round and I'll let you know the classic mistakes you're making.
Nope. Not to me anyhow. But I am a cat. As for the non-feline members of this site YMMV.I hope I don't come across as rude, dismissive, or arrogant that is not my intention.
This is important. These are the differences between people and cats that make the difference. If a cat knew the high and the low (forget the close) he'd put in a limit buy and a limit sell then head off don the beach for the day. Obviously humans want to sweat it out, tick by tick, for their daily bread. Interesting. Irrelevant? I don't think so.Could I tell you the high low and close of Dow today No! Could price analysis No! Its irrelevant.
So they'd only need to get one of those wrong and it needn't even be the same one wrong every time to end up in the 99% losers pile?Why would fewer than 1% trade consistently profitable? I cant answer for everyone but I'm guessing they're using the wrong technical analysis, or have bad money management or dont have the right psychological attitude to enter / exit at the right time, trading is a mixture of skills.
Where am I going to get real money from, I'm a cat!I wish you luck when you start putting real money into an account and press the button and all the theory goes out of the window.
So you're saying it could just as easily by 16928 as 17060?
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