That gap is explained by this and if you want to avoid that gap and have a chance, trend following is it.
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The 'paranormal distribution' provides a better description of financial markets than the normal distribution?
In 1955, Benjamin Graham spoke to Congress about the stock market.
Trading success requires persistence and "lots of homework". –
Our most powerful enemy is……
Six ideas
Some elegant education. Some work better than others but they’re all lovely.
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This Way Government Economist Works
5 Fundamental Truth about Trading
5 Fundamental Truth about Trading
- Anything can happen.
- Does not need to know what’s going to happen next to make money.
- Random distribution between wins and losses for any given set of variables that defines an edge
- Edge is nothing more than an indication of a higher probability of one thing happening over another
- Every moment in the market is unique.
If you truly believe in this as well, I’d encourage you to write this down and look at it every day before you look at your charts. Make it a point to remember, embrace and apply it.