Obsession With Market Analysis?

[AriaS]

I really love this quote by Mark Douglas:
"Why do you think unsuccessful traders are obsessed with market analysis? They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn't exist."

 

[Arnav Deshmukh]

I really love this quote by Mark Douglas:
"Why do you think unsuccessful traders are obsessed with market analysis? They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn't exist."

If market analysis isn't the trick then what is?

 

[AriaS]

If market analysis isn't the trick then what is?

The trick is what works. Does market analysis work for you? If it does, then it is your trick.

 

[Arnav Deshmukh]

The trick is what works. Does market analysis work for you? If it does, then it is your trick.

Agreed!

 

[ThaddeusFinch]

I really love this quote by Mark Douglas:
"Why do you think unsuccessful traders are obsessed with market analysis? They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn't exist."

He's right but even this uncertain condition can lead to profit despite all the odds.

 

[stocksras]

I really love this quote by Mark Douglas:
"Why do you think unsuccessful traders are obsessed with market analysis? They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn't exist."

It’s so tru

 

[TradeXecution]

The trick is what works. Does market analysis work for you? If it does, then it is your trick.

I agree with this completely. The real issue is not whether someone uses market analysis, price action, indicators, fundamentals, or something else. The real issue is whether they have found a method that actually works for them over a large sample of trades. As Mark Douglas always talks about: an edge.

A lot of traders become obsessed with analysis because they are still searching for certainty. But trading does not pay you for being certain. It pays you for having an edge, managing risk, and repeating a process that has positive expectancy.