The story behind this approach
BE ABSOLUTELY CLEAR ON THIS POINT: As an individual we simply cannot compete in the
trading "game" on the basis of natural talent or information and knowledge of
the asset being traded. Nor can you compete in computing power and technical expertise. In fact,
it is an enormously delusional to think otherwise. To do so is as great a conceit as thinking
you or I could successfully compete against the world's best golfers, tennis players, football players,
cricket players, and so on. Therefore, every time you decide to make a trade based on information or knowledge of the asset being traded, be aware that what you are doing is no different than stepping into the ring with the heavyweight champion of the world. So, be intelligent; do not approach
trading by relying on natural talent, technological expertise, or information and knowledge of the asset.
There is only one level playing field.
In a simple price up or down numbers game, all players, regardless of who they might be individuals,
professionals, corporations, governments, FII,DII operate on the exact same level. What this means is
that a number moving up and down is no different to you and me than it is to a corporation
loaded with information, knowledge, and experts. No matter who is looking at it, a number is
just a number. Consequently, approaching trading as a basic up/down numbers game instantly
changes the game's emphasis from one of knowing information, knowledge, and technology to
one of observing price movement, and then acting on those observations.
Hope So far I was able to make it clear that we cannot compete on information since we don't have the reach to get the latest information.
We also cannot compete on the computing power even with our own algos and since our computing power would be far less and the depth of the capital finite.Observing the price is the only ultimate weapon we retail traders have.