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The Definitive Guide to Mastering the Psychology of Trading by Mark Douglas
Perhaps they do use statistical and perhaps they do make money on 100 of thousands of transactions with infinitesimal edges but that doesn't imply a causal link to a tradeable edge from statistics.
Usually they use statistics to determine a small variance between a theoretical asset price and an instrument (or basket).
Also, I was using tradeable edge in the sense of one security trade (buying and selling the same security) as we are thinking of the term in this thread. More to the point a retail trader must overcome the bid-ask both in and out in addition to the retail commission.
@Blash, unfortunately, all these links give me just Paula T. Webb's introduction, and then you get a come-on to buy the book. The same for all the links, here and in the other thread. Nothing of Mark's at all.
I grant you, Amazon has a perfect right to want us to pay for it.... But I was looking for a free lunch . Guess I'm not going to get one.
Thanks for the effort. I may just buy the book anyway, without the freebie.
Please forgive me regarding these links. I just took a screenshot. My intention is to not break copyright rules and it seemed Amazon was intending this as well. Hopefully posting of this image will still be abiding by the rules.
Ron
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...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
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Last time I checked the book was actually cheaper than when I bought it. It's now in 4 sections each for $19.95 or something around there so $80 total and I spent $95 for the whole thing before they changed how they were offering it to more fully align with Mark's wishes for the book.
Ron
Sent from my iPhone using Tapatalk
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
. Guess I'm not going to get one.