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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (12002)	11/23/2002 6:42:10 PM
From: Sojourner Smith	Read Replies (2) \| Respond to of 12039

"...the market, regarded as a gambling machine, compares very poorly with stud poker or roulette, and it is not possible to "beat the market" by the application of any simple mathematical system." --Edwards and Magee I have been thinking about that a lot lately. I really believe there is a way to set up trades and use indicators and get the results 50%+ right, but have $3 gained for $2 lost resulting in a fairly predictable Profitable system. Most people on SI, Yahoo, etc are oriented toward determining market direction or stock fundamentals selection. I believe, but can't prove it, that the above are not the best way, because it can result in a feast or famine results. If one were playing the wheel, where the green spots tilt the odds for the house, the odds could be improved by averaging. Averaging on a red/black outcome is overturned by old green and what a slow way to make money with limits in place. (I am not a casino expert.) My thoughts are in markets there are no limits, but usually (myself) find it difficult not to try and be fully invested from the start of an entry. I could go on and on but I believe there ways to put the odds in the trader's favor.