Forgive me, dear MrTools, but I could not restrain myself...Darkdoji wrote: Thu Feb 02, 2023 8:27 am For a few bucks or any amount of money I bet I make money all the time that is the point without worrying about it. If the market is going 10000 points it starts earlier, etc common sense so I do not see the fuss - I cannot believe this. So I do not understand why people are asking this and that as if trading is rocket science when it is just no more than entry/exit you just trade it when it tells you to trade. Simple - the rocket science is the tool.
The tool is correct so follow that is all.
(-_-)
Another one man compares trading to rocket science...
Yes, you are absolutely right, trading is not rocket science, its many times more difficult than rocket science!
In rocket science, you are dealing with exact sciences such as physics, mathematics, chemistry within the known laws of these sciences. All that is required of you is the knowledge of these laws and their correct application and the absence of errors in calculations.
There are no clear laws in trading that would work always and everywhere, and on the contrary, there is always a huge amount of uncertainty and randomness. A trader exists in an environment where two and two today is four, tomorrow five, and the day after tomorrow three and a half. It seems, as it were, not far from four, but not four either. That is why only five out of a hundred traders are successful, and the remaining 95 don't achieve anything significant in this field.
And if out of a hundred rockets only five took off, people would have already quit doing it, by analogy with the words of Mandelbrot, which you quoted - If traders knew mathematics well, they would never have chosen this profession.
So stop comparing trading and rocket science. Rocket science, compared to trading, is elementary school, nothing more....