I know that there are varied opinions and test results, recommended dosage etc. regarding vitamin C. And I don't want to debate that. This is just my experience during 35 years of taking mega doses of vitamin C, and two of my findings.
1. Up until about 35 years ago, like most people, I would...
Goes to show ya that a quant with a PhD still can't outshoot Wyatt Earp!
There will always be trends in the markets as long as there are people who can't read them
I would have focused 120% on me, myself, and I and my trading studies and would have avoided any concern as to how and what others in a different world were doing. By those in a different world I mean institutional investors/traders of all kinds. As I found out much later, through personal...
I did not quote your post as my comment was not directed at you personally. Sorry if you took it that way. It's just that I've read the same question so many times that it pops up in my dreams!
What are the general Win rate and RR of professional/Full Time traders?
Why are retail traders always so concerned and interested in the results of hedge funds, institutional investors, market makers, Buffett, hft, quants, other retail traders etc.? They are playing a different game on the same...
A strong foundation, a proper entry, and following the resulting trend will protect you against risk to the greatest possible extent. True, there will always be the risk of the factory burning down, earthquakes etc., but that's irrelevant.
TA can't, and it's not meant to, tell you if a stock is going to drop xx% the next day.
The stock was obviously in a downtrend. The first indication of a continuation of the downtrend came with the end of the 6/01 to 7/03 corrective move. Now, explaining the point of entry that you are looking...
Yes, eyeballing often does suffice. But in situations with multiple trends, trend lines do help in maintaining focus.
I don't agree with those who consider trend lines to be hard and fast support/resistance though. While bordering a trend, their true value, along with the return line that they...
Drawing in that manner has no foundation, and is the equivalent of a 3 year old who has just discovered crayons.
In your world. But for those who have taken the time and made the effort to learn the proper application of such, it is a valuable tool.
Ain't that the truth!! As soon as you suggest something that's not as simple as pie and requires even a little work, thinking, or study, they're off to a new thread.
If you have a second, please see the attachment in my post #86 above. While I left out many important details, I think the basic process therein would be correct.
You seem to be too far gone to be convinced otherwise. But for those who would like to hear the other side of the story, there are some basic rules for drawing trend lines correctly as I posted years ago in another thread.
Your statement "TLs can be drawn any old how" is most likely the cause of...