Ok so I've been reading a lot of threads, literature and basically preparing myself for getting into the market.
The argument that always arises between fundamentalists and techies always seems to make me wonder what the hell is going on.
I am quite wary of adopting an approach if it is 'flawed'. Proponents of fundamentalists argue techies are fooling themselves and vice versa.
So who is right? Ok, that question will never be answered. The proper question I guess is, for those of you who have adopted a strategy, how do you deal with the fact that, well you could just be wrong?
Does it not concern you that the so called indisputable theories that are being relied upon could be false and you are merely getting lucky? Or even in the case that you are getting consistent returns and are convinced it is because of your trading strategy, doesn't it worry you that another person argues that they are getting just as good a return using a theory that in principle argues that YOU should be wrong?
Furthermore, say you are getting consistent returns and you don't really care what other people say as long as you are making it work for yourself. That is a commendable feat in itself.
However, i am a perfectionist and want to know what is REALLY behind my success.
For example, if aliens observe a football game but for some reason cannot see the ball, they may conclude and make incorrect hypothesis as to why everytime there is a lump in the back of the goal net, the crowd goes wild. They may come up with wild theories, much like traders and investors can get carried away with all their theories without realising that the true cause behind the effect is the soccer ball being scored into the back of the net.
I want to know what that 'soccer ball' is in the stock market. Not merely be content with making returns on some false hypotehsis. Of course, some claim to have found the answer and vehemently argue their case. Are they to be believed? Not so according to their equally credible opponents.
In conclusion? WHAT THE H*LL DO I DO!!?!
Maybe i should stop analysing things so much. My music teacher always used to tell me I spent way too long trying to figure out why the major 7th sounds so nice and blusey against the dominant 7th chord. I wanted to pick it apart and make some sort of rule or formula or something analytical that i could feel comfortable with. But he would always say, if it sounds good then it's right.
Maybe I should just try and if it works, it works and begone with losing sleep over the theory.