Translate the below html to English, keep format html, the result is not in markdown code and not break line, convert standard decode before translate: Is market judgment really meaningful? Reasons I truly think it’s meaningless
Market judgment has little meaning
But you must incorporate fundamental elements
Otherwise your own discretion won’t sharpen
Only when sharpened can profits be born
In the end, no one has a formal method for market judgment
Because everyone relies on “discretion”
There’s no need to be without discretion
There’s no precedent for being without discretion
Either way, human thinking enters into it
If you don’t incorporate human thinking and foresight
you won’t grow in the first place
You must be able to respond when a trend-following market emerges in the first place
Because such situations occur frequently
Probably in the market
There are too many people who remember things "by textbook"
That is an obstacle to market judgment
Market judgment is not technical
Even as I say that
I’m quite conscious of technical aspects
Too obsessively brainwashed by the idea of trends and ranges
This applies to both the momentum and contrarian perspectives
If you can’t think more like poker
You can’t grow in the market
A discretionary perspective is extremely necessary
Without this, you’ll follow the “textbook strategy” named Market Judgment
This is a common trait among many traders
Market judgment becomes just a textbook-like thing
And simply a set of indicators
If you’re too bound by the rules of the market
You’ll think, “I don’t know which way to go anymore.”
But I’ll follow up by saying, “It’s okay not to know which way to go.”
In the first place, there is no real answer in the market
Even automated trading won’t make you profits
It means “There is no way to increase other than sharpening discretion”
Therefore
Lay out a mechanical method of thinking that you can trust
This is the spiral to increase profits
No matter how many times you lose, don’t give up
I think this same spiral applies to both momentum and contrarian approaches
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