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Hmm... honestly, I thought everyone used a combination of the two. I don't see why you would have to choose, but I guess I would choose mechanical if I had to. But generally, I open positions mechanically and close them at my discretion.

Hmm you know, it would be better to have an equal age range for the different choices. But you've got 10 years between 50-60 and only 3 between 18-21. Looking at the results, we are mostly younger traders, but it doesn't appear that way graphically. :p :D

Yeah, I've seen too many people predicting a "buyer's exhaustion top". I think you can use that as a contrarian indicator just as easily. Not that I'm a contrarian.

Hey c'mon now, Scientist, the guy's already shirtless. You don't want to pressure him to prove he doesn't have a small penis.

If you think you're too timid, just make smaller trades or paper trade until you get some confidence.

I did a damn good job of anticipating this rally, but my confidence was too shaken to do much with it. Been trading very cautiously. But at least a small profit is better than the zilch I was making before. Technical analysis is actually working for me again! But of course it will stop...

I think a 50/50 win/loss is optimal for monitoring your progress. If you have infrequent wins then you will look like a genius after a win, and an idiot just before one. Or the opposite for infrequent losses. So its hard to know if you are really doing well, or just getting lucky. But this...

Interesting to hear the different sorts of problems people have. I've been trading/learning for a year now. It's been a tough year. After just treading water for several months, I made a lot of money daytrading in Oct/Nov 2002, which was very exciting, but then I watched my profits gradually...

So how the heck DO you know when a trading method is working, anyway? Seems like as soon as I decide something works, and I start trading it for real, that's when it stops working. The old "fooled by randomness" deal, I guess. :mad: