Thread: Thoughts of a beginner

Originally Posted by ;

Well, to me it is quite the reverse. It gives me a feeling that here is the statistical basis to start from. The fact that I only have to boost my batting average by 3 percent to start to profit makes me feel quite optomistic!

As I said, I would be a fool to put in a poker game without some concept of the odds of the way the cards will fall.Which doesn't signify that a skilled player can't win a poker match. Quite the contrary, the more knowledge you have the better.


I guess we're all different in the way we aproach stuff.

Again your logic seems good but the plogy behind your egy could be too linear. In trading it can be very costly to confuse understanding with ability. Also your statement sounds really misplaced when it comes to trading. Some understanding is essential yes. However the more knowledge you have the better is a really misleading notion in trading and can work against you. Trading isn't similar to poker either when it comes to the plogy of it.

Yes we are all different in the way we approach things. Almost all are wrong in the way they approach trading and a few last long enough to overcome the harm they did in how they approached it. A few of those who triumph try to help others to prevent those pitfalls and fail at the but not necessarily as they were wrong.

FT

To start with, the market moves aren't completely random, perhaps it will be to many, but for many seasoned traders, it is not. You know when the market appears to be random to seasoned traders, they will find them generally on the market, or not there whatsoever.

Another thing, a poker game is a game of chance, and a skilled player can always win over time with risk and money management.

The black jack is one of the games which depends heavily on chance, skills, and very little about luck. In black jack, you can always change the probability you are going to win and/or the probaility your opponent can conquer you.

The market is the same. You're in constant attempts to accumulate probabilities to your favor and decrease the probabilities that you lose.

Thanks,

Nader

Originally Posted by ;

Hi Nader,
Which of Joe Ross' books is this chapter out of? I have contemplated buying his books, but they're pricey and I do not know which one to buy original. Any suggestions?

Thanks

Dial

I am unsure diallist of this name of this publiion. You may download the chapters by going to http://www.trading-naked.com/joe_ross_.htm

If you want, I will email them to you, they're not that big, I think 5 or 4 MB.

Thanks,

Nader

Originally Posted by ;

I am unsure diallist of the title of the book. You may download the chapters by heading to http://www.trading-naked.com/joe_ross_.htm

if you would like, I will email them to you, they're not too big, I think 5 or 4 MB.

Thanks,

Nader

I assessed Joe Ross' site and he has 8 novels and as diallist stated they're pricey. Has anyone read any of them? Are they good? Which one(s) do you recommend most?

Thanks again for all the input to every one of you.

I will try to know how having to much knowledge can be a handicap. I will think that you over some.

In the end it doesn't matter if my anaylsis is wrong or right, in case it gets in the means of success, then it is not a fantastic idea.

dave

Originally Posted by ;

I am not sure of the name of the book. You can download the chapters by heading to http://www.trading-naked.com/joe_ross_.htm

if you would like, I can email them to you, they're not that big, I believe 4 or 5 MB.

Thank you,

Nader

Thank you Nader. I went into the site you provided the link for and discovered the book. I appreciate your help.

Dial

WellI am not sure of what you really did, but I believe you created a little situation to mimic the market, is that correct??

Well, I have a little pdf file for Joe Ross that I want you to read then post back your view

All what I can say in brief before you read the pdf, is that your appliions or program or computer is seeing what you want it to see. It sees only what you imagined it to see, and that is the greatness of the Human Mind or Brain within computers and machines.

Thank you,

Nader
https://forexintuitive.com/attachmen...9905563118.pdf