NIFTY 50 future TRENDS-Part 2

Stock trendy

Well-Known Member
#72
5450 is hurdle.. Till expiry..5500 up side sealing...I am Not an expert reading charts
excellent Day trading opportunity made full use of it today.

POSTING AN INTERESTING THOUGHT FOR THE DAY FROM A BOOK Learning Flawless Execution of a Trading System by Mark Douglas

You form your expectations about the future with information that technical systems don't take into consideration. Consequently, this sets up a conflict between what your intellect says should be happening, and the purely mathematical means of predicting human behavior afforded by your technical system. This is precisely why technical systems are so difficult to relate to and execute.
People aren't taught to think in terms of probabilities - and we certainly don't grow up constructing a conceptual framework that correlates a prediction of mass human behavior in statistical odds by means of a mathematical formula.
 

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