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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Threei who wrote (10974)	12/17/2000 10:07:41 AM
From: Apakhabar	Read Replies (2) \| Respond to of 18137

Hi Vadym, I agree with your post but I want to extend your mention of how anachronistic the SOES-bandit techniques are. Those techniques (the main one being that direction follows the smaller side of the bid-ask box) became outdated because the market adapted itself to this knowledge. Always the parts of your posts that I appreciate best suggest that game theory characterizes the stock market and that we play a game whereby we try to take money from the market and "the market" (not individual traders) tries to take our money. To me this is a foundational insight to trading. Thus I believe that the specific trading strategies you teach will, in time, become ineffective for most people. Don't misunderstand me: I don't mean you and Chris aren't teaching very important things. I just mean there is a huge difference between trying to teach people to look clearly at the market action and not let their biases influence their appraisal, and teaching somebody to buy "ordinary" capitulation selling for a bounce. The former will be of lasting value, the latter will, in time, be just another technique that the market absorbs and eventually de-fangs. In other words, the specific trading strategy is MOST useful in the long term insofar as it illustrates the psychological thinking that went into it. IMHO.