I saw nice new threads set up here
I decided to make my points here in this thread because I feel it is better to do so.
So let me explain a bit more why I am here.
The easy answer is I am currently on pause from trading activities because of christmas and new year change. Risks to get caught in high leveraged intraday positions while there is no normal quantities of buyers/sellers around to let me out of my s***ty position is too much risk for me (slippage risk). Also I do pauses every now and then. It is good for execution (mind).
But an another reason besides I have now time to do this is that in short term intraday trading what I do the trends and their durations are very much like random
. This is mainly because I do not have an access to those algorithms (source codes) to see what and why they are doing what they are doing. I do not say this is 100% reason for those short term trends but lot of trends are generated by the algos made by people. And again remember I am talking about the very short term trading now.
So while trading I often do not have any idea why the price is going up or down giving me the situation very similar what I think is happening at roulette table. This leads my mind into a question: If I am able to generate consistent profits from trading random (from my point of view) short term intraday trends why it does not work at the roulette table too ?
We all very well know that trends/streaks belongs to a randomness. They are a very tight part of if. We just have to remember that we do not know in advance when they occur and what will be their duration. The very same situation what happens in short term finance.
This is the purpose of my journey on here. To get an answer for this. I also think this real randomness will have a good effect for my trading because I will understand the randomeness better.
So this is a hobby for me and there is another reason too why I do not take this extra very serious is that even If some day I am able to trade roulette streaks is there any casino who will accept me to do it very long ? I do not have a change to start to go around the real casinos physically so I am forced to use Live internet casions where they will exactly know who I really am and can profile me as a Banana Boy (banned).
In finance you do not have to think this kind of problems. No matter did you just make half a million profits in just 1 trade or not. Also it is clear that roulette cannot scale up much.
This was some thoughts about the situation from the trader at the roulette table.
btw. Pls do not get me wrong. Trends in short term trading is only one part of it. There I can trade many other patterns which does not have any meaning here. This is why I am talking about trends only.