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Frankly, I think that what the Zen method of trading and the mindset along with it is not something that is Eastern or non-Western, its something that is the hidden potential within everyone. Trading as an activity is unlike anything else that one can do. With trading you begin to know who you...

These are all very good points and very valid. Automation is essential to lead one to the actual point where it is possible to make a decision. As said by many, it is the combination of both methods that yields the greatest expected outcome. By all means I am in no way denouncing automation...

Jaan, There is no one way to trade, but complete rationality is not how the market works, there is slippage involved, and thats where automatic systems require some sort of human intervention. Without human intervention, an automatic signal might look like a good point to enter when in...

candletrader, My point exactly, there are not hard rules in trading, and that everything is everchanging.

So in short, what we've narrowed down our discussion to is that human intervention is required before taking a position or exiting from one. And that mechanical systems are not accurate, nor is any other system that is 100% because the market is setup by MMs and specialists, finally that your...

Trader88, The success rate is more than 80%.

Trader88, What you are saying has been my entire point in this discussion, this is as good as it gets and it works. I have had a good satisfactory experience with this method, for one its simple and doesnt become burdensome with TA or over analysis. I dont know how one could program this...

tyjmr, I was agreeing with you. Reiterating what you said in probably more words than were necessary.

tymjr, There is no one way that is correct. Its up to the individual how they want to pursue their goals. In the end, the market moves no matter what. Its like religion, there are many, but they all try to find the same thing.

tymjr, As much as I believe in 100% technical analysis and its ability to give your a 'dumb' answer that is absolutely correct, and will yield profits; I must say that human intervention is necessary before taking a position. You are correct, a pure TA decision will be wrong, thus relying on...

TradeRX, The method that I have mentioned is simple no doubt, but it is the very foundation upon which intraday trading rests and follows. All those curves and swings are nothing more than overbought or oversold reactions. Sounds simple, but those are my findings. Please feel free to test...

tymjr, "charts don't lie" in the sense that day trading is not useless. Meaning that the notion to completely reject day trading as a vehicle for profitability is wrong. I understand that there is volatility in the markets, but from a historical and retrospective viewpoint, no matter...

Hoyler, Thanks for the data. Is it assumed that which ever index has the volume and gain is the one where the money is.

andrasnm, Despite what you've just said, how does that make day trading terrible. The reason being that no matter what they do, the charts don't lie about what goes on in a trading session and the potential to be profitable. Again, the key to profitability is no more than a few rules in day...

andrasnm, You still havent made your point as to exactly what it is makes you feel that day trading is bad. You continue to avoid the point blank question. Trading is not as hard or as complex as a lot of other stuff. Can you please explain your theory.

A note on trading, its not as hard or complex as it may become by over analyzing. I can tell you that my own issues have in the past been of over analysis where I had identified the trend, had confirmation, knew exactly when to enter, but never pulled the trigger out of fear. Only to later...

andrasnm, I hope you don't stop posting to this forum. As mentioned by many here, this forum is a collective resource from many individuals. It would be a loss to lose even one elemental resource such as your experiences, im sure we can all learn from you, and perhaps you can learn from the...

Hoyler, You mentioned rotation, how do you find out where the rotation is taking place or when.

mgregor, Thanks for the clarification. However, I think you misunderstood me, I was referering to whether or not someone with such a large holding day trades at all, with or without using 'all' of their assets. I agree with you on this, but my point was that they do day trade their...

Exce26, There is no such thing as the one best indicator to determine stock movement. There are many factors that determine the course of a stock. In fact the list in your post are all elements that together form a somewhat cohesive idea. When trading, this is the checklist that you must...