The Trend

[eastbay]

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But this type of trading is more of an artform than a science.

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This sounds a lot like "I don't really know what I'm doing and there's a good chance I'm running hot" to me.

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There is no magic formula.

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There's no magic formula for playing limi hold'em either, but it's certainly more science than art. Basically, this sentence is useless and irrelevant unless you actually think someone here needed you to confirm that you were no actually trading based on magic.

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No, there is no "magic" formula to limit hold 'em but there is most certainly a way to quantify an unbeatable strategy. It just happens to be extremely complex, however, in principle it can be computed, and in practice very good approximations to it can be computed.

However, that's neither here nor there. We're talking about trading now, and of course there is no "magic." I am simply asking what people are talking about when they speak of "trends" and "following the trend" to see if there is any merit in the idea.

eastbay