Nothing is infallible in the stock market — no theory, no measure of the market be it technical, fundamental, or cyclical. The basic tenet of any investment or trading methodology worth its salt should be that it’s not infallible.
Those that demand the least from a method will gain the most from it. Those who demand the most from a method will be the ones most frustrated by it.
The only way to gain control is to give up control. The only way to gain control is to give up the idea of trying to have control.
The market is more art than science: The good and bad part of any genuine approach to the market is that it requires interpretation, which is what makes markets and opportunity, but is bad because it’s frustrating.
The study of the market is part theoretical and part philosophical. That’s what makes it so intriguing. The market is a mystery. Despite all the artificial intelligence and computer power available, no one has solved the mystery. There’s no sure thing in the markets.
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This is no-man’s-land. Every technical benchmark and data point seem but an island in the market’s stream of confusion.
As a trading bro said to me over the weekend, “If you have an opinion in this market, you’re wrong.”
Keep an open mind.