Well put. And by luck or by design I'm up over 300 pips this week so far. Long may it continue.

Admit it - your profits are based on luck

In the immortal words of Roy Walker, "It's good, but its not right". Let me go back to my favourite poker comparison. In Holdem we may push a perceived equity edge on the flop by betting or raising given an appropriate range of hands that our ...

Admit it - your profits are based on luck

In the name of civility please point out where this "total contradiction" is. As I have just done a blind test on the quotes with an unbiased third party and they saw no contradiction.

Admit it - your profits are based on luck

OK . Basically you're pointing out an inconsistency in my argument that doesn't exist. Which is very annoying (but you already knew that). Nevertheless let me clarify: "luck is a non existant supernatural force"-me 2008 Here I am refering to the ...

Admit it - your profits are based on luck

You're not very bright are you?

Admit it - your profits are based on luck

I like the car analogy. It makes perfect sense. Let me give you a trading example: Yesterday I was trying to short the Euro. After the break of support I placed a sell stop under a 15m pullback candle. By mistake I placed an order 10X ...

Admit it - your profits are based on luck

I dont think I'll ever get tired of this. Anyway luck is not used to explain, "What we don't know or have not taken the time to figure out." The term luck is used when refering to the inherent randomness in a complex system, where the outcome of ...

Admit it - your profits are based on luck

Ok, so I checked the link in your sig. Nice results btw. To what extent does the magic eight ball figure in your trading regimen?

Admit it - your profits are based on luck

I'm on it John.

Admit it - your profits are based on luck

Why cant you see that there is a COMPONENT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! of luck involved in every trade. Nobody is saying that its all luck.

Admit it - your profits are based on luck

I never said I had an edge.

Admit it - your profits are based on luck

but, 1- minus your edge (which waxes and wanes anyway) is your chance of failure. The bad luck component you could say.

Admit it - your profits are based on luck

With an element of chance thrown in the mix. Yes its a good read. I'm about half way through.

Admit it - your profits are based on luck

I dont think anyone is arguing that skill and hardwork cannot tip the odds in someones favour. I think we should remember that chance is involved in every endeavour. Look at the number of businesses that fail in their first year for example. I would ...

Admit it - your profits are based on luck

I think he enjoys a healthy debate.

Admit it - your profits are based on luck

What limits? Its only in aperfectly Newtonian universe that we are limited. If it was possible to predict the motion of every particle with 100% accuracy, (which is a neccessary belief if you don't believe in randomness) then I could tell you where ...

Admit it - your profits are based on luck

Kind of. I would say luck is a non existant supernatural force, invoked by those who do not intuitively grasp the random nature of existence. For example. Although I am not a professional statistician or physicist, I am aware that if I win the ...

Admit it - your profits are based on luck

I would like to suggest that you stay out of retirerment. It's nice to read the comments of someone who is clearly sane. (Even if i don't agree with them entirely) Did't Hanover try to retire once aswell? I guess this place is like Royston Vasey; ...

Admit it - your profits are based on luck

No, the sunrise is not random. Am I in the nut house here or sumfin?

Admit it - your profits are based on luck