Traders Laboratory - View Single Post - Trading: Art or Science
View Single Post
  #3 (permalink)  
Old 09-07-2007, 01:47 AM
Dogpile Dogpile is offline
Dogpile has no status.

 
Join Date: May 2007
Posts: 577
Thanks: 0
Thanked 8 Times in 6 Posts
Re: Trading: Art or Science

Science is having a firm grasp of the statistical tendencies. The art is right-brain pattern recognition -- synthesizing patterns across timeframes in real-time.

Very similar to Poker in this regard. There is 1) the math 2) the betting pattern and 3) intuition. Some poker players are good and you don't know how they do it without the math -- but they do. Other players are brilliant mathematicians and get by because they are so good at that - even though they aren't even average at the intution. But most of the top players are very good because they understand the science and the art of the game.

Reply With Quote