|
PureBytes Links
Trading Reference Links
|
> Trading is not about perfect science.
Nothing is perfect but, if more traders adopted a rigorous scientific
attitude, there wouldn't be so many people losing money and unable to
understand why.
> Each information input should be
> viewed as incremental and cumulative.
That's where, with all due respect, we disagree. We are all constantly
bombarded with far more information than we can use. Much of it is
contradictory and much of it is irrelevant. The trick is to learn to
ignore information that doesn't significantly contribute to the bottom
line. There is a whole field of engineering called digital signal
processing where the goal is to discard irrelevant information and only
keep what is important. Examples include radar imaging, photo
enhancement, removing the static from an audio recording, using seismic
data for oil exploration, etc.
How often have you seen a trader with a dozen indicators on his screen
and he can't decide what to do? Give him one pretty good indicator and
he will at least be able to make a decision. It may be right or it may
be wrong but he won't sit there, paralyzed, unable to pull the trigger.
IMHO, injecting mysticism into the decision-making process makes the
picture less clear, not more clear. Trading ain't rocket science but we
could learn a thing or three from the rocket scientists about how they
approach problems.
--
Dennis
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|