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GB, I think you just entered the Matrix
MY trading has been an amazing journey for me personally. It's very unhelpful for me to think of my trades as right or wrong because I sensed those labels were actually creating their own personal biases.
I'm at the stage now where I think Prechter's theory carries some weight - that an aggregated herd bias is inherent in the markets and that the herd's decision making has derived from neo-cortex decisions.
In this sense, we are all both right and wrong at all times. That is, the market doesnt know how to ascribe objective value, simply because the market is an aggregate of social mood. So we trade on probabilities that we "get" what the herd mentality is trying to do.

It's a very interesting theory because we are all a part of this aggregated social mood - traders, institutions, fund managers etc etc

<blockquote data-quote="$20shoes" data-source="post: 987088" data-attributes="member: 2955">GB, I think you just entered the Matrix <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />MY trading has been an amazing journey for me personally. It&#039;s very unhelpful for me to think of my trades as right or wrong because I sensed those labels were actually creating their own personal biases. I&#039;m at the stage now where I think Prechter&#039;s theory carries some weight - that an aggregated herd bias is inherent in the markets and that the herd&#039;s decision making has derived from neo-cortex decisions. In this sense, we are all both right and wrong at all times. That is, the market doesnt know how to ascribe objective value, simply because the market is an aggregate of social mood. So we trade on probabilities that we &quot;get&quot; what the herd mentality is trying to do.&nbsp;It&#039;s a very interesting theory because we are all a part of this aggregated social mood - traders, institutions, fund managers etc etc</blockquote>

[QUOTE="$20shoes, post: 987088, member: 2955"] GB, I think you just entered the Matrix :) MY trading has been an amazing journey for me personally. It's very unhelpful for me to think of my trades as right or wrong because I sensed those labels were actually creating their own personal biases. I'm at the stage now where I think Prechter's theory carries some weight - that an aggregated herd bias is inherent in the markets and that the herd's decision making has derived from neo-cortex decisions. In this sense, we are all both right and wrong at all times. That is, the market doesnt know how to ascribe objective value, simply because the market is an aggregate of social mood. So we trade on probabilities that we "get" what the herd mentality is trying to do. It's a very interesting theory because we are all a part of this aggregated social mood - traders, institutions, fund managers etc etc [/QUOTE]

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