Trading is anyway a game of probabilities and we try to bring the probabilities of occurrences in our favour as much as possible with a consistent system and prudent risk management. Now, if anyone makes "guesses" and "predictions" part of his strategy, he is only helping the odds ( which is high anyway to begin with ) against him.
But this is NOT to say, people can't win with "guesses" and "predictions".. I personally know people who do it..day in,day out . But the million dollar question is whether such type of trading styles have a) repeatability b) consistency and c) scalability ?
If yes, these 'geniuses' should be saluted !
But this is NOT to say, people can't win with "guesses" and "predictions".. I personally know people who do it..day in,day out . But the million dollar question is whether such type of trading styles have a) repeatability b) consistency and c) scalability ?
If yes, these 'geniuses' should be saluted !
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