Recent content by FlyingTortoise

I believe that is what people mean when they talk about trends. This stock has been going up and is in an "upward trend" therefore it is more likely than not to continue on moving upward and vice versa.

Here is the link to A Random Walk Down Wall Street on Google Books: http://books.google.com/books?id=0uEcVn0MAu0C&printsec=frontcover&dq=random+walk+down+wall+street&ei=pYFTS6OVD4TylQT-0fyjDQ&cd=1#v=onepage&q=&f=false If you click on contents and then Technical Analysis and the Random...

I'm with TD Ameritrade right now which you can and I have been backtesting with their StrategyDesk platform. Not sure how accurate it is compared to others. So far, I have not come to any definate conclusions about the momentum question, as it seems, in backtesting at least, it is both possible...

Sorry for starting a new thread as this is really a continuation of my of thread, A Random Walk Down Wall Street: http://www.elitetrader.com/vb/showthread.php?s=&threadid=188194&perpage=6&pagenumber=1 , I just wanted to take poll on if you believe there is momentum in the stock market and it...

I really need to find out if there is really no momentum in the stock market, meaning if a stock is going up, it has greatly than a 50/50 chance up continuing on upward and if a stock is going down, it has greatly than a 50/50 chance up continuing on downward. Finding out the answer to this...

That’s what scares me. It’s like those late night infomercial con men selling real estate investment courses, who make all their money telling people how easy it is to make money as a real estate investor and anyone can do it, just give me all your money and I’ll tell you how. Most of...

I don’t doubt that there are traders out there making money, just wondering what types of strategies they are using that are making them money. I don’t want to spend 5 years and lose all my money if I’m trying to follow a strategy that cannot possible make money no matter how good you...

Is TD Ameritrade a retail broker or a direct access broker? Is there still a difference? If so what is it? Does it matter what trading platform I’m using with TD Ameritrade, such as thinkorswim vs. StrategyDesk? I've asked the reps over their many times and have gotten many...

If technical analysis is astrology and momentum doesn’t exist and the random walk theory is true then how are traders making money?

Hello everybody. I’ve been actively trading on and off for the past 6 years without much long term success, mostly using momentum based strategies. My lack of success and my recent reading of the book, “A Random Walk Down Wall Street” have cast some serious doubts in my mind about how...